Worst House on the Street Logo
Union Street, Market Rasen, LN8 - Image 1
Union Street, Market Rasen, LN8 - Image 2
Union Street, Market Rasen, LN8 - Image 3
Union Street, Market Rasen, LN8 - Image 4
Union Street, Market Rasen, LN8 - Image 5

Union Street, Market Rasen, LN8

East Midlands

£115,000
Listed on 22/05/2025

Property Details

Bedrooms
4
Type
Terraced house
Area
1162 sqft

Description

This spacious four-bedroom property presents a promising opportunity for renovation and investment. With its freehold tenure, the home offers both stability and freedom for future enhancements. Nestled in a well-established neighborhood, the location boasts convenient access to local amenities, schools, and transport links, making it appealing for families and commuters alike. The potential for appreciation in this area is noteworthy, particularly with an increasing demand for quality housing. The interior of the home provides a solid foundation but is in need of modernization. Investors or DIY enthusiasts can take advantage of the layout to create a contemporary living space tailored to today’s standards. Each bedroom is generously sized, allowing for versatile use, whether as sleeping quarters or dedicated workspaces. The surrounding outdoor area also holds potential; ample garden space could be revitalized into an inviting landscape or usable recreational area. With its combination of size, location advantages, and opportunities for improvement, this property represents a worthwhile consideration for those looking to invest in a project with significant upside.

Investment Analysis

(LN8 area)

Below Market Value

This property is priced -55.4% below area average per sq ft

-55.4%
Potential saving
This Property
£99/sq ft
Area Average
£222/sq ft
Avg Rent (weekly)
£222
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£283,633
10% above area average per sq ft
Potential ROI
+71.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
15
Average per month
Market Turnover
6%
Properties sold annually

Local Market Trend (LN8)

Area prices are falling by +13.8% over the last 12 months
3 year growth: -4.3%
5 year growth: 11.1%
Investment Disclaimer: Analysis based on LN8 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Union Street, Market Rasen, LN8
Loading map...

Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£421
Based on a loan of £86,250 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Next Steps

Explore services to help you with this property purchase.

Need a mortgage for this property?

Explore personalised financing options tailored to this property

No obligation, free consultation

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE