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High Street, Binbrook, Lincs

East Midlands

£175,000
Listed on 13/01/2026

Property Details

Bedrooms
3
Type
Semi-detached house
Area
876 sqft

Description

This generously sized semi-detached cottage is situated in the sought-after village of Binbrook, Market Rasen. While it presents an opportunity for immediate habitation, it also requires a comprehensive modernization effort to fully unlock its potential. The property is nestled within expansive mature gardens and includes two substantial brick outbuildings that could be repurposed or developed further. The internal layout features a welcoming entrance porch leading into various living spaces including a kitchen dining room with modern fittings, a spacious lounge with a traditional fireplace, three double bedrooms, and a shower room. Additional benefits include off-road parking and outdoor storage options. The extensive garden provides privacy and is not overlooked from the rear, making this an appealing investment for those looking to create their ideal home or capitalize on rental opportunities.

Investment Analysis

(LN8 area)

Below Market Value

This property is priced -11.8% below area average per sq ft

-11.8%
Potential saving
This Property
£200/sq ft
Area Average
£227/sq ft
Avg Rent (weekly)
£204
Avg Yield
3.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£218,304
10% above area average per sq ft
Potential ROI
+1.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
18
Average per month
Market Turnover
27%
Properties sold annually

Local Market Trend (LN8)

Area prices are falling by -9.0% over the last 12 months
3 year growth: -4.4%
5 year growth: +12.1%
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

High Street, Binbrook, Lincs
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£631
Based on a loan of £131,250 over 30 years at 4.06% 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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