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Caistor Road, Market Rasen

East Midlands

£235,000
Listed on 15/10/2025

Property Details

Bedrooms
2
Type
Detached house
Area
1293 sqft

Description

This spacious two-bedroom detached bungalow is situated on a sizable plot in the heart of Market Rasen. Its prime location allows for easy access to the town center, where you'll find a variety of local shops, restaurants, and essential amenities, as well as convenient connections to public transport including a nearby train station. The property is set back within its own grounds, featuring a large front garden and an expansive driveway that accommodates multiple vehicles. A single garage provides additional storage or parking options, while low-maintenance gardens at the rear add to the property’s appeal. Inside, the bungalow presents a well-kept interior with opportunities for renovation or reconfiguration. The current layout consists of an entrance porch leading into a hallway that connects to various living spaces including a dining area that flows seamlessly into the kitchen. The lounge offers ample natural light and features a gas fire, adding warmth and character to the home. Both bedrooms are generously sized and benefit from good natural light; one has direct access to the garden through sliding doors. A utility area adds functionality and includes stairs leading up to a loft room that could be transformed into additional living space, such as an office or third bedroom, pending planning permissions. The bathroom is well-appointed with modern fittings. Market Rasen is recognized for its vibrant community atmosphere and offers numerous local attractions including its renowned golf course and racecourse. It’s also home to good educational institutions like Market Rasen C of E Primary School and De Aston School, both rated 'Good' by Ofsted. For those looking to make their mark on this property, whether through extending or updating its existing features, it presents significant renovation potential in an increasingly desirable location—making it an ideal investment opportunity with no onward chain involved.

Investment Analysis

(LN8 area)

Below Market Value

This property is priced -18.1% below area average per sq ft

-18.1%
Potential saving
This Property
£182/sq ft
Area Average
£222/sq ft
Avg Rent (weekly)
£222
Avg Yield
4.0%

Renovation Potential

Light Refurb
Est. Renovation Cost
£10,000 - £20,000
Target Value
£315,608
10% above area average per sq ft
Potential ROI
+23.8%
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

Caistor 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
£861
Based on a loan of £176,250 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.

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