Market Rasen

Area Guide For Market Rasen

Market Rasen is a town and civil parish inside the West Lindsey locale of Lincolnshire, England. It lies on the River Rase, roughly 13 miles north-east from Lincoln, 18 miles east from Gainsborough and 16 miles south-west from Grimsby. The town is known for the Market Rasen Racecourse.

Market Rasen is a little market/business town on the corner of the Lincolnshire Wolds. The town lies on the primary street in the middle of Lincoln and Grimsby, the A46, and is on National Cycle Route 1  of the National Cycle Network.In 2001 the town had a populace of 3,200.


Market Rasen Map

Estimated Price: £191,496
Average Asking Price: £222,767
Price change in last one year: £1,245
Average Price Paid: £165,005
Average Rent Rates: £521


Property Prices Breakdown in Market Rasen

Average Price for property in Market Rasen is around £191,496 which varies based on type of property you are interested in and ranges from £243,476 for detached house to around £136,094 for semi-detached. Similarly terraced house is around £107,076 and a flat is worth £101,886. Values have been changing and have risen £921 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £2,563 in last 6 months, £1,245 in last 1 year, £18,132 in last 2 years, £15,523 in last 3 years, £16,124 in last 4 years and £14,505 in last 5 years.

Currently average asking price of a property in Market Rasen is around £222,767 based on approximately 382 properties for sale. Same is the case with rental options based on 33 properties up for rent, average asking rent is around £521 per month.

Estimated property value in Market Rasen is £191,496. Average asking price is £222,767 while average price paid is £169,246 which is up by £1,245 and Avg. asking rent £521.Based on an Online Survey

Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Market Rasen area. In last 1 year alone average price buyer paid is around £169,246 based on approximately 382 sales in Market Rasen area alone. If you compare it to last 3 years sales of 1,010 properties where buyers paid around £165,335. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £165,005 for 1,625 and average amount paid for purchase of approx. 2,197 properties sold in last 7 years comes to about £165,160 per sale.


Properties For Sale in Market Rasen


Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 1 bedroom is around £54,642, £131,346 for a 2 bedroom house, £180,124 for a 3 bedroom house, £306,243 for a 4 bedroom house and £418,627 for a 5 bedroom house. For a flat similarly the prices varies from £44,000 for a single bedroom to £109,617 for a 2 bedroom Flat. To sum up the asking prices for properties in Market Rasen it comes to around average £50,385 for 1 bedroom property, £128,383 for 2 bedroom, £180,124 for 3 bedroom, £306,243 for 4 bedroom and £418,627 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £412 for 1 bedroom to £477 for 2 bedroom, £626 for 3 bedroom and £849 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £309. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £459. You should be generally be expecting around average £343 rent per month for single bedroom property, £475 for 2 bedroom, £626 for 3 bedroom and approximately £849 for 4 bedroom property in Market Rasen area.

Popular Houses in Market Rasen

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

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