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Willingham Road, Market Rasen

East Midlands

£365,000
Listed on 30/12/2025

Property Details

Bedrooms
7
Type
Semi-detached house
Area
3612 sqft

Description

This substantial former guest house presents a unique opportunity for investors or families looking to create their dream home. Located in the sought-after market town of Market Rasen, this seven-bedroom property is situated on a generous plot close to local amenities, including the town centre, train station, and reputable schools. With its expansive gardens and gravel driveway, there's plenty of outdoor space to enhance or reconfigure as desired. The versatile internal layout spans three floors and currently accommodates multiple living areas, a large kitchen with an adjoining conservatory, and various bedrooms with en-suite options. Although the property requires modernization throughout, its size and configuration offer immense potential for transformation into a luxurious family residence or even business premises (subject to relevant permissions). This is an excellent chance to invest in a property with considerable scope while benefiting from its prime location within the community.

Investment Analysis

(LN8 area)

Below Market Value

This property is priced -54.5% below area average per sq ft

-54.5%
Potential saving
This Property
£101/sq ft
Area Average
£222/sq ft
Avg Rent (weekly)
£222
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£881,653
10% above area average per sq ft
Potential ROI
+98.1%
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

Willingham 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
£1,337
Based on a loan of £273,750 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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