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53-55 Queen Street, Market Rasen, Lincolnshire, LN8 3EN - Image 1
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53-55 Queen Street, Market Rasen, Lincolnshire, LN8 3EN

East Midlands

£135,000

Listed on 25/05/2026

Property Details

Bedrooms
4
Type
Commercial Property

Description

This property presents a compelling investment or development opportunity in the heart of Market Rasen. Comprising a two-storey brick building topped with a pitched slate roof, it features a retail shop on the ground floor, alongside a first-floor flat that boasts two bedrooms and a generous garden area to the rear. The flat is currently tenanted under an Assured Shorthold Tenancy, generating an annual rental income of £5,778. With a potential estimated rental value (ERV) of around £14,000 per annum for the entire property, there are various avenues for enhancement and diversification of use, pending appropriate planning permissions. The location along Queen Street—Market Rasen's primary retail artery—positions this asset favorably for further commercial or residential development as demand increases in this market town situated within the scenic Lincolnshire Wolds.

Investment Analysis

(LN8 area)
Area Average
£229/sq ft
Avg Rent (weekly)
£200
Avg Yield
3.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
21
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (LN8)

Area prices are falling by -4.7% over the last 12 months
3 year growth: -5.0%
5 year growth: +6.8%
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

53-55 Queen Street, Market Rasen, Lincolnshire, LN8 3EN
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£482
Based on a loan of £101,250 over 30 years at 3.97% 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.

Stamp Duty Calculator

This calculation uses non-residential (land/commercial) tax rates.

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