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Church View Market Stainton Market Rasen LN8 5LJ

East Midlands

£325,000
Listed on 15/10/2025

Property Details

Bedrooms
2
Type
Detached house
Area
1389 sqft

Description

This spacious detached bungalow, located in the serene Lincolnshire Wolds, presents an exceptional opportunity for those interested in renovation and investment. Set on a generous plot, the property features a sizable rear garden, which is perfect for outdoor gatherings or for those with a passion for gardening. The garden space not only enhances the property’s appeal but also offers potential for landscaping or even expansion of living areas. Inside, the bungalow boasts a well-designed layout with two comfortable bedrooms and additional spaces that could serve as a dining room or third bedroom. While the interiors are functional, they do require modernization, allowing future owners to apply their personal touch and fully realize the home’s potential. The living areas are bright and welcoming, featuring double-glazed windows that invite natural light while providing views of the surrounding countryside. The property is equipped with ample off-street parking and includes a garage accessible via an electric roller shutter door—an added convenience for homeowners. Additionally, there is significant scope to expand or modify both indoor and outdoor spaces, making this residence ideal for long-term investment. Situated in Market Stainton—a village rich in history with roots traced back to Roman times—this location offers a peaceful rural lifestyle while still being within easy reach of nearby towns like Horncastle and Louth. The village enjoys local amenities alongside scenic landscapes, making it appealing for families or retirees seeking tranquility without sacrificing accessibility. With no onward chain involved, this bungalow stands out as a rare find within a desirable area that promises growth and potential value enhancement. Whether you're looking to create your dream home or invest in a property with great prospects, this residence offers a solid foundation to build upon in an attractive rural setting.

Investment Analysis

(LN8 area)

Above Market Value

This property is priced +5.4% above area average per sq ft

+5.4%
This Property
£234/sq ft
Area Average
£222/sq ft
Avg Rent (weekly)
£222
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£339,041
10% above area average per sq ft
Potential ROI
-7.1%
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

Church View Market Stainton Market Rasen LN8 5LJ
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,191
Based on a loan of £243,750 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.

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