Sold STC Flat

2

CHESTNUT HOUSE, JAMESON BRIDGE STREET, MARKET RASEN, LINCOLNSHIRE LN8 3EW

1 beds 1 baths 52 m² Listed 19 Apr 2021 (-1883d)

£67,000

Reduced on 24 Jun 2021

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# 1 bedroom apartment for sale (LN8 3EW)

## Property Details

| Key | Value |
|-----|-------|
| Address | 2, CHESTNUT HOUSE, JAMESON BRIDGE STREET, MARKET RASEN, LINCOLNSHIRE LN8 3EW |
| Price | £67,000 |
| Bedrooms | 1 |
| Bathrooms | 1 |
| Last sold | £79,995 Jul 2010 |

## Description

*GROUND FLOOR APARTMENT with Lease Extension in progress* popular residential position. We are pleased to offer for sale this excellent ground floor apartment comprising entrance hall, lounge diner, kitchen, 1 double bedroom & shower room. PERFECT INVESTMENT OR FIRST TIME BUY -

## Property Photos

- ![Picture No. 01](/listings/photos/90819379/329265) - Picture No. 01
- ![Picture No. 09](/listings/photos/90819379/329266) - Picture No. 09
- ![Picture No. 03](/listings/photos/90819379/329267) - Picture No. 03
- ![Picture No. 08](/listings/photos/90819379/329269) - Picture No. 08
- ![Picture No. 04](/listings/photos/90819379/329271) - Picture No. 04
- ![Picture No. 06](/listings/photos/90819379/329272) - Picture No. 06
- ![Picture No. 07](/listings/photos/90819379/329273) - Picture No. 07
- ![Picture No. 05](/listings/photos/90819379/329274) - Picture No. 05
- ![Picture No. 02](/listings/photos/90819379/329275) - Picture No. 02

## Floorplans

- ![Floorplan](/listings/photos/90819379/329281) - Floorplan

## EPC Graphs

- ![EPC Rating Graph](/listings/photos/90819379/329289) - EPC Rating Graph

## Sales History

*Recorded sales for this property. Data from Land Registry Price Paid.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| CHESTNUT HOUSE 2 JAMESON BRIDGE STREET, MARKET RASEN, WEST LINDSEY, LINCOLNSHIRE, LN8 3EW | £79,995 | 05/07/2010 | Flat |

## Sold Comparables

*Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| THE CHURCH MILL 2 CAISTOR ROAD, MARKET RASEN, WEST LINDSEY, LINCOLNSHIRE, LN8 3HX | £140,000 | 19/12/2025 | Flat |
| FITZWILLIAM COURT 6 UNION STREET, MARKET RASEN, WEST LINDSEY, LINCOLNSHIRE, LN8 3FA | £72,500 | 07/11/2022 | Flat |
| OXFORD COURT 9 OXFORD STREET, MARKET RASEN, WEST LINDSEY, LINCOLNSHIRE, LN8 3TF | £100,000 | 23/08/2022 | Flat |
| THE CHURCH MILL 1 CAISTOR ROAD, MARKET RASEN, WEST LINDSEY, LINCOLNSHIRE, LN8 3HX | £120,000 | 24/06/2022 | Flat |
| 14 THE MALTINGS COURT, MARKET RASEN, WEST LINDSEY, LINCOLNSHIRE, LN8 3AZ | £109,950 | 31/05/2022 | Flat |
| HARTLEY HOUSE FLAT D UNION STREET, MARKET RASEN, WEST LINDSEY, LINCOLNSHIRE, LN8 3AA | £63,500 | 20/05/2022 | Flat |
| FITZWILLIAM COURT 11 UNION STREET, MARKET RASEN, WEST LINDSEY, LINCOLNSHIRE, LN8 3FA | £92,500 | 15/03/2022 | Flat |
| FITZWILLIAM COURT 6 UNION STREET, MARKET RASEN, WEST LINDSEY, LINCOLNSHIRE, LN8 3FA | £65,000 | 19/02/2022 | Flat |
| THE CHURCH MILL 5 CAISTOR ROAD, MARKET RASEN, WEST LINDSEY, LINCOLNSHIRE, LN8 3HX | £99,950 | 15/12/2021 | Flat |
| QUEENS HOUSE, 6A FLAT 2 QUEEN STREET, MARKET RASEN, WEST LINDSEY, LINCOLNSHIRE, LN8 3EH | £153,000 | 13/08/2021 | Flat |
| QUEENS HOUSE, 6A FLAT 2 QUEEN STREET, MARKET RASEN, WEST LINDSEY, LINCOLNSHIRE, LN8 3EH | £83,000 | 13/08/2021 | Flat |

**Area average:** £99,945 (11 sales)

## Price vs local average

*Outcode + property type (HousePrices, last 2 years).*

- **Local average:** £140,000 (1 Flat, LN8, 2024–2026)
- **Deviation:** -52.1%

## Rental Range

*ONS Price Index of Private Rents (West Lindsey). Low / Realistic / Optimistic = conservative / average / best case.*

- **Low:** £642/mo
- **Realistic:** £713/mo
- **Optimistic:** £784/mo

## LHA (Local Housing Allowance)

*VOA 30th percentile rent floor for Lincoln (Apr 2025 – Mar 2026).*

- **LHA floor (this property size):** £494/mo

## 1% Rule

- **Rent ratio:** 1.06% (strong)
- **Max investor price (0.8%):** £89,125
- **Target investor price (1%):** £71,300

*Monthly rent ÷ price. 1%+ = strong, 0.8–1% = okay, <0.8% = weak. Max investor price = rent ÷ 0.8% (Stoke-style target). Target investor price = rent ÷ 1% (strong cashflow band). Based on Area rent estimate.*

## House Price Index (HM Land Registry)

*Official index for West Lindsey; Flats and maisonettes series; as of March 2026.*

- **1y growth (index):** -3.9%
- **5y growth (index):** -0.4%
- **10y growth (index):** 26.3%

## Flood risk

- **Zone:** 1
- **Risk:** Low
- **Source:** Job (default Low)

[Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)

Picture No. 01 Picture No. 09 Picture No. 03 Picture No. 08 Picture No. 04 Picture No. 06 Picture No. 07 Picture No. 05 Picture No. 02

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Property details

Tenure

LEASEHOLD

Floor area

52 m²

Last sold

£79,995 Jul 2010

Local average

£140,000 (-52.1%)

Deprivation

Decile 4 (11,025 of 33,755)

Street crime

51 incidents within 1 mile (Apr 2026)

Key features

Ground Floor Apartment
Lease Extension in progress
Extremely Spacious
Immaculately Presented
Entrance Hall, Lounge
Kitchen Diner, Rear Hall
1 Double Bedroom & Bathroom
Generous Rear Garden & Allocated Parking
EPC Rating - E
MUST BE VIEWED

Additional details

Parking: Yes
Garden: Yes

Description

Listed by

Market Rasen

The Property Franchise Group

Reference: 90819379

EPC Rating & Upgrade Cost

Fetching EPC data… Refresh this page in a moment.

Flood risk

Zone: 1

Risk: Low

Job (default Low)

Floorplans

Floorplan

EPC Graphs

EPC Rating Graph

Price history

Event	Date	Price	% change
Sold	05/07/2010 (15 years ago)	£79,995	—

Source: HM Land Registry Price Paid Data. Crown copyright.

Sold Comparables

Same street and nearby sales within 0.25 miles (last 5 years). Data from Land Registry Price Paid.

Address	Price	Date	Type
THE CHURCH MILL 2 CAISTOR ROAD, MARKET RASEN, WEST LINDSEY, LINCOLNSHIRE, LN8 3HX	£140,000	19/12/2025	Flat
FITZWILLIAM COURT 6 UNION STREET, MARKET RASEN, WEST LINDSEY, LINCOLNSHIRE, LN8 3FA	£72,500	07/11/2022	Flat
OXFORD COURT 9 OXFORD STREET, MARKET RASEN, WEST LINDSEY, LINCOLNSHIRE, LN8 3TF	£100,000	23/08/2022	Flat
THE CHURCH MILL 1 CAISTOR ROAD, MARKET RASEN, WEST LINDSEY, LINCOLNSHIRE, LN8 3HX	£120,000	24/06/2022	Flat
14 THE MALTINGS COURT, MARKET RASEN, WEST LINDSEY, LINCOLNSHIRE, LN8 3AZ	£109,950	31/05/2022	Flat
HARTLEY HOUSE FLAT D UNION STREET, MARKET RASEN, WEST LINDSEY, LINCOLNSHIRE, LN8 3AA	£63,500	20/05/2022	Flat
FITZWILLIAM COURT 11 UNION STREET, MARKET RASEN, WEST LINDSEY, LINCOLNSHIRE, LN8 3FA	£92,500	15/03/2022	Flat
FITZWILLIAM COURT 6 UNION STREET, MARKET RASEN, WEST LINDSEY, LINCOLNSHIRE, LN8 3FA	£65,000	19/02/2022	Flat
THE CHURCH MILL 5 CAISTOR ROAD, MARKET RASEN, WEST LINDSEY, LINCOLNSHIRE, LN8 3HX	£99,950	15/12/2021	Flat
QUEENS HOUSE, 6A FLAT 2 QUEEN STREET, MARKET RASEN, WEST LINDSEY, LINCOLNSHIRE, LN8 3EH	£153,000	13/08/2021	Flat
QUEENS HOUSE, 6A FLAT 2 QUEEN STREET, MARKET RASEN, WEST LINDSEY, LINCOLNSHIRE, LN8 3EH	£83,000	13/08/2021	Flat

Area average: £99,945 (11 sales)

Capital growth trend

House Price Index (HM Land Registry — official index, not sold-price averages): West Lindsey. Series: Flats and maisonettes. As of March 2026.

1y (index) -3.9%

5y (index) -0.4%

10y (index) 26.3%

Rental Range

Estimated market rent for West Lindsey. Low = conservative, Realistic = average, Optimistic = best case.

Low £642/mo

Realistic £713/mo

Optimistic £784/mo

Based on Local Authority from postcode lookup → West Lindsey.

LHA (30th percentile) floor for Lincoln: £494/mo (Apr 2025 – Mar 2026)

Location

Map view View on Google Maps View on OpenStreetMap Street View LN8 3EW

Address

24 Jameson Bridge Street

Nearby

Nearest stations, universities and amenities (distance from property).

Type	Name	Distance
Shop	Dexel Tyre & Auto Centre	0.0 miles
Shop	Travis Perkins	0.1 miles
Bus stop	Waterloo Street	0.2 miles
Train station	Market Rasen	0.3 miles
University	University of Lincoln - Riseholme Campus	11.5 miles

Street-level crime

Category	Count
Violence and sexual offences	13
Anti-social behaviour	12
Shoplifting	9
Public order	7
Criminal damage and arson	5
Other theft	2
Vehicle crime	2
Other crime	1
Total incidents	51

Within 1 mile during Apr 2026. Source: data.police.uk (England & Wales).

Schools nearby

Nearest open schools with Ofsted ratings (England). Closed schools are not shown. Data from Get Information about Schools and Ofsted.

Name	Type	Distance	Ofsted
The Market Rasen Church of England Primary School	Primary	0.3 miles	Good — 3 Dec 2013
De Aston School	Secondary	0.4 miles	Good — 28 Feb 2013
The Middle Rasen Primary School	Primary	1.4 miles	Good — 15 Nov 2014
Legsby Primary School	Primary	2.8 miles	Good — 26 Sep 2023
Osgodby Primary School	Primary	3.0 miles	Good — 12 Jun 2019

Rental Comparables

Rental listings exist nearby, but none matched the 1-bedroom count for this property.

Rent-driven metrics

Based on Area rent estimate.

Rent ratio 1.06%

Max investor price (0.8%) £89,125

Target investor price (1%) £71,300

Rent ratio — Monthly rent ÷ purchase price (1% rule). 1%+ = strong, 0.8–1% = okay, <0.8% = weak for cashflow.
Max investor price — Rent ÷ 0.8%; the price at which rent would be 0.8% of price (Stoke-style target).
Target investor price — Rent ÷ 1%; the price at which rent would be 1% of price (strong cashflow band).
Gross yield — Annual rent as % of purchase price (no costs).