The Mill Mill Lane

    THE MILL, MILL LANE, MIDDLE RASEN, MARKET RASEN, LN8 3LE

    This detached freehold property on Mill Lane last sold in July 2024 for £500,000. Based on price growth in the LN8 district since then, its estimated current value is £495,884 — placing it in the 78th percentile nationally and the 92nd percentile within LN8. The property covers 128 m² (1,378 sq ft), giving an estimated value of £3,874 per m². The EPC rating is B, with a potential rating of B.

    Type

    Detached

    Tenure

    Freehold

    Floor Area

    1,378 sq ft

    128 m²

    Last Sale Price

    £500,000

    Jul 2024

    Estimated Valuation

    £495,884

    Est. £/sq ft

    £360/sq ft

    £3,874/m²

    Property Details

    TypeDetached
    TenureFreehold
    Built formDetached
    Construction ageEngland and Wales: 2007-2011
    Habitable rooms55
    Main fuelwood logs
    EPC currentB
    EPC potentialB
    Floor area1,378 sq ft (128 m²)
    EPC dateMar 2024
    WallsSolid brick, as built, insulated (assumed)
    HeatingBoiler and underfloor heating, wood logs

    Transaction History

    4 Jul 2024

    £500,000

    Key Metrics

    Estimated valuation£495,884
    Value per sq ft / m²£360/sq ft (£3,874/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    LN8 district percentile92nd percentile
    National percentile78th percentile

    District Context — LN8

    LN8 covers the coastal and rural areas around Alford and Spilsby in east Lincolnshire, situated inland from the North Sea coast. It is a predominantly rural postcode with a characterful, quieter appeal suited to those seeking a countryside setting away from urban centres.

    Average Property Price - LN8

    £264,976

    32

    National percentile

    Average Net Household Income - LN8

    £37,112

    45

    National percentile

    10-Year Annualised Price Growth - LN8

    4.0%

    68

    National percentile

    10-Year Annualised Rent Growth - LN

    4.2%

    64

    National percentile

    View full analysis for LN8

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