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Dovecote Mews, Kirmond Road, Binbrook, Market Rasen, LN8 - Image 1
Dovecote Mews, Kirmond Road, Binbrook, Market Rasen, LN8 - Image 2
Dovecote Mews, Kirmond Road, Binbrook, Market Rasen, LN8 - Image 3
Dovecote Mews, Kirmond Road, Binbrook, Market Rasen, LN8 - Image 4
Dovecote Mews, Kirmond Road, Binbrook, Market Rasen, LN8 - Image 5
Dovecote Mews, Kirmond Road, Binbrook, Market Rasen, LN8 - Image 6
Dovecote Mews, Kirmond Road, Binbrook, Market Rasen, LN8 - Image 7
Dovecote Mews, Kirmond Road, Binbrook, Market Rasen, LN8 - Image 8
Dovecote Mews, Kirmond Road, Binbrook, Market Rasen, LN8 - Image 9
Dovecote Mews, Kirmond Road, Binbrook, Market Rasen, LN8 - Image 10
Dovecote Mews, Kirmond Road, Binbrook, Market Rasen, LN8 - Image 11

Dovecote Mews, Kirmond Road, Binbrook, Market Rasen, LN8

East Midlands

£150,000
Listed on 10/11/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
1027 sqft

Description

This three-bedroom end-terrace property presents a unique opportunity for renovation and investment, situated in a desirable village known for its community spirit and local amenities. While the home is currently move-in ready, it offers ample scope for modernization, making it an ideal choice for first-time buyers or investors looking to enhance value over time. The internal layout features an entrance hall that leads into a spacious lounge-diner, characterized by its bright ambiance and flexible living space. The kitchen is equipped with essential fittings but could benefit from an update to fully realize its potential. Three well-proportioned bedrooms provide comfortable accommodation, while the family bathroom includes a corner bath with an overhead shower – a canvas ready for personal touches. Externally, the property boasts a large private rear garden, perfect for outdoor relaxation or entertaining. Additionally, there is potential to extend the property to the side (subject to planning permissions), which could increase living space or accommodate off-street parking. The front of the home features a small garden area along with on-street parking options. Located in Binbrook, this property enjoys proximity to various local conveniences such as a primary school, GP surgery, post office, and shops. Its position is also advantageous for access to larger towns like Market Rasen and Louth, providing both essential services and recreational opportunities. With no ongoing chain and significant renovation potential, this property invites buyers to explore its possibilities further.

Investment Analysis

(LN8 area)

Below Market Value

This property is priced -34.2% below area average per sq ft

-34.2%
Potential saving
This Property
£146/sq ft
Area Average
£222/sq ft
Avg Rent (weekly)
£222
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£250,680
10% above area average per sq ft
Potential ROI
+43.2%
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

Dovecote Mews, Kirmond Road, Binbrook, Market Rasen, LN8
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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
£549
Based on a loan of £112,500 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.

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