Building Land off Bridle Way, Market Rasen, Lincolnshire, LN8 3ZT
By By Design
£ 250,000
Reviews
2 out of 5 stars
By Design says ..
A wonderful opportunity to acquire a prime residential building plot, located within the historic market town of Market Rasen. The spacious plot has planning permission granted for two detached dwellings with double garages and enjoys a sought-after position within The Orchards, an exclusive new dev
Property Oracle says ..
This listing presents a plot of land in Market Rasen, Lincolnshire, with planning permission granted for the construction of two detached houses, each with double garages. The location in Market Rasen benefits from the town’s amenities and proximity to a railway station. Nearby schools are of a generally good standard, although not immediately adjacent to the plot. The provided site plan shows a sizeable plot in a residential development.
The listing price of £250,000, while seeming reasonable in comparison to some other nearby properties, necessitates further examination. Key factors affecting its ultimate value include the size, specification, and projected sale prices of the two proposed new build houses. A detailed breakdown of construction costs and expected profitability would aid in a more definitive evaluation of the listing price. The lack of information on the specific attributes of the planned houses makes assigning a precise score for ‘value’ a challenging task. A prospective buyer would benefit from seeking independent valuation and understanding the financial projections associated with developing the plot.
Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 6
- Condition
- 1
- Location
- 7
- Land
- 8
- Bedrooms
- 0
- Bathrooms
- 0
- Sqft (est)
- 1,872.92
The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.
Metrics Year-on-Year
- Average area value
- 250,856.00 £Decreased by 26.29 %
- Est sale value
- 822,211.88 £Increased by 102.30 %
- Average area rental value
- 1,115.00 £/moIncreased by 88.03 %
- Est letting value
- 1,872.92 £/mo
- Est rental Yield
- 5.33 %Increased by 155.02 %
- Crime Rate
- 3.00 %Unchanged by 0.00 %
Agent Activity
By Design created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| De Aston School | Academy Converter | Good | 0.43 KM |
| Market Rasen And Caistor Children'S Centre | Children's Centre | 1.12 KM | |
| The Market Rasen Church Of England Primary School | Voluntary Controlled School | Good | 1.21 KM |
| The Middle Rasen Primary School | Community School | Good | 4.10 KM |
| Legsby Primary School | Community School | Requires improvement | 4.91 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Hunt Close | £ 0 | 0 | 0.00 KM |
| Bridle Way | £ 0 | 0 | 0.00 KM |
| Derby Close | £ 0 | 0 | 0.00 KM |
| Aintree Drive | £ 0 | 0 | 0.00 KM |
| Charlotte Close | £ 0 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Market Rasen | 6318 | MKR | 0.85 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Horseshoe Way, Market Rasen | £ 295,000 | BUY | 7 / 10 | 0.08 KM |
| The Ridings, Market Rasen | £ 325,000 | BUY | Unknown | 0.14 KM |
| The Ridings, Market Rasen | £ 375,000 | BUY | 6 / 10 | 0.14 KM |
| The Ridings, Market Rasen | £ 300,000 | BUY | 6 / 10 | 0.17 KM |
| The Ridings, Market Rasen | £ 280,000 | BUY | 7 / 10 | 0.18 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 1 Hunt Close | £ 195,000 | 0.06 KM |
| 3 Hunt Close | £ 213,500 | 0.06 KM |
| 2 Hunt Close | £ 170,000 | 0.06 KM |
| 4 Hunt Close | £ 125,000 | 0.06 KM |
| 4 Horseshoe Way | £ 295,000 | 0.11 KM |