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North Willingham, Market Rasen

East Midlands

£300,000
Listed on 15/10/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1335 sqft

Description

This semi-detached former farmhouse offers a unique blend of rustic charm and modern comforts, presenting an excellent opportunity for renovation and investment. With its original features such as exposed stonework, wooden beams, and a cozy log burner, the property has character that many buyers seek. Additionally, planning permission is already in place for a kitchen extension and the addition of a double garage, paving the way for further development to enhance both living space and value. Nestled on the edge of North Willingham, this home boasts scenic views over the Wolds and is ideally located for those who appreciate outdoor activities. The surrounding countryside is perfect for walking, cycling, or horseback riding, with nearby Willingham Woods providing an attractive destination for nature lovers. Local amenities are easily accessible, including Wright's of Willingham Ice Cream Parlour and Tearoom for leisurely outings. Families will find convenience in nearby primary schooling in Tealby and secondary options in Market Rasen, alongside various supermarkets and independent shops. The property’s approach features a sweeping pebbled driveway that leads to a lovely garden area extending nearly a quarter of an acre. This outdoor space offers multiple zones ideal for gardening or relaxation. Inside, the layout creates a spacious atmosphere reminiscent of detached homes. The ground floor includes a rear entrance hall leading to essential utility space, as well as versatile dining/family areas open to the gardens. The kitchen/breakfast room is designed with potential in mind, offering ample space for modernization. Upstairs, there are three generously sized bedrooms along with a dressing room in the main bedroom—an appealing feature that adds to the property's allure. A family bathroom completes this level. Given its characterful features combined with significant renovation potential—both through existing permissions and additional opportunities—the property stands out as an attractive project for investors or families looking to make their mark in a sought-after location. All mains services are connected except gas heating which is provided by LPG—a consideration for future upgrades or adaptations.

Investment Analysis

(LN8 area)

Above Market Value

This property is priced +1.3% above area average per sq ft

+1.3%
This Property
£225/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
£325,860
10% above area average per sq ft
Potential ROI
-4.2%
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

North Willingham, 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
£1,099
Based on a loan of £225,000 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