Worst House on the Street Logo
King Street, Market Rasen - Image 1
King Street, Market Rasen - Image 2
King Street, Market Rasen - Image 3
King Street, Market Rasen - Image 4
King Street, Market Rasen - Image 5
King Street, Market Rasen - Image 6
King Street, Market Rasen - Image 7
King Street, Market Rasen - Image 8

King Street, Market Rasen

East Midlands

£130,000
Listed on 04/11/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
822 sqft

Description

This Georgian-style terraced home, situated in the heart of Market Rasen, presents a compelling opportunity for those looking to invest in a property with significant renovation potential. Spanning three levels, the residence requires refurbishment and offers a blank canvas for prospective buyers to create their ideal living space. The location is one of the property's standout features, providing easy access to an array of local amenities including pubs, restaurants, a Co-op food store, and a leisure centre. Families will appreciate the proximity to nurseries, primary and secondary schools. Additionally, the nearby railway station facilitates convenient travel for commuters or those wishing to explore further afield. The home includes two bedrooms and practical living spaces. The ground floor features a living room that welcomes natural light through its front-facing window and is complemented by a traditional fireplace with a wooden mantel. The kitchen/breakfast room is equipped with essential fittings such as wall and base units, ideal for everyday meals or casual dining. A door leads from the kitchen to a small rear garden. On the first floor, you'll find the main bathroom alongside bedroom one—both areas offering sufficient space for updates tailored to modern preferences. A second staircase ascends to bedroom two on the top floor, which benefits from additional light and privacy. Another notable advantage is off-road parking at the rear of the property—an unusual benefit for such a central location—which also features an electric car charging point. The compact garden area provides opportunities for low-maintenance landscaping while still allowing private outdoor space. With gas radiator heating and uPVC double glazing in place, this home is ready for someone with vision who can transform it into a cherished residence or capitalize on its investment potential. Offered without any onward chain, this property invites you to explore its possibilities in Market Rasen's vibrant community.

Investment Analysis

(LN8 area)

Below Market Value

This property is priced -28.7% below area average per sq ft

-28.7%
Potential saving
This Property
£158/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
£200,642
10% above area average per sq ft
Potential ROI
+18.0%
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

King Street, Market Rasen
Loading map...

Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£476
Based on a loan of £97,500 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.

Next Steps

Explore services to help you with this property purchase.

Need a mortgage for this property?

Explore personalised financing options tailored to this property

No obligation, free consultation

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