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Oxford Street, Market Rasen

East Midlands

£170,000
Listed on 30/12/2025

Property Details

Bedrooms
3
Type
Terraced house

Description

This property offers a substantial and character-rich opportunity located in the heart of Market Rasen, a vibrant market town nestled on the fringes of the scenic Lincolnshire Wolds. Spanning approximately 275m², the building includes a former café with two expansive dining spaces, an entrance hallway, and kitchen facilities at the front, along with a three-bedroom residential area at the back. The living space consists of a lounge, kitchen, conservatory, and multiple storerooms including storage areas formerly used for local butcher and baker operations. This unique configuration opens up numerous possibilities for renovation—whether you aim to restore its commercial potential, convert it into a single-family residence, or create multiple flats (subject to relevant planning permissions). Its prime location near local amenities such as shops and the renowned racecourse further enhances its appeal as an investment opportunity.

Investment Analysis

(LN8 area)
Area Average
£222/sq ft
Avg Rent (weekly)
£222
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £90,000
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

Oxford Street, 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
£623
Based on a loan of £127,500 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