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Kilnwell Road, Market Rasen

East Midlands

£160,000
Listed on 15/10/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
2134 sqft

Description

This spacious terraced home presents a unique opportunity for renovation and investment in the vibrant heart of Market Rasen. Originally two separate properties, this residence boasts ample living space and is conveniently located just a short distance from shops, schools, and public transportation. The property features a lengthy private driveway that leads to a courtyard, where you'll find both double and single garages along with several outbuildings. These additional structures hold significant potential for conversion or redevelopment, subject to obtaining the necessary planning permissions. The rear of the property offers a low-maintenance gravel area, providing extra outdoor space or opportunities for landscaping improvements. Inside, the home requires some modernization but offers a solid foundation for creative renovations. The entrance hall welcomes you with its traditional charm, featuring stairs leading to the first floor and a fireplace with gas fire. The lounge and dining room are both generously sized and equipped with bay windows that invite natural light, each also showcasing their own fireplaces. The kitchen includes essential appliances and ample cabinetry but could benefit from updating to match contemporary standards. Adjacent to the kitchen is a utility room that provides functional space alongside a wash hand basin and storage cabinet housing the boiler. As you ascend to the first floor, you'll find three well-proportioned bedrooms, each with timber windows offering views of the surrounding area. The bathroom features all necessary amenities but could be transformed into a more modern retreat. Market Rasen itself is an appealing location known for its thriving community atmosphere. Set against the scenic backdrop of Lincolnshire Wolds, it offers excellent transport links via train and bus services connecting to larger towns nearby. Residents can enjoy local golf courses, racecourses, diverse independent shops, restaurants, historical markets in the cobbled square, healthcare facilities, as well as reputable primary and secondary schools. This property not only provides immediate comfort but also presents an exciting opportunity for those looking to invest in an area with strong growth potential.

Investment Analysis

(LN8 area)

Below Market Value

This property is priced -66.2% below area average per sq ft

-66.2%
Potential saving
This Property
£75/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
£520,888
10% above area average per sq ft
Potential ROI
+160.4%
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

Kilnwell Road, Market Rasen
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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
£586
Based on a loan of £120,000 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