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Rasen Road, Walesby, Market Rasen

East Midlands

£375,000
Listed on 23/11/2025

Property Details

Bedrooms
4
Type
Detached house
Area
2400 sqft

Description

Located in the picturesque village of Walesby, within the Lincolnshire Wolds, this detached house presents a significant renovation opportunity for prospective buyers. Boasting planning permission for a single-storey extension, this property is ideal for those looking to invest and personalize their living space. The village is well-regarded for its scenic walks and community feel, while Market Rasen, just under three miles away, provides essential amenities including schools, shops, and recreational facilities. Spanning approximately 2,400 sq ft, the home features two reception rooms, a kitchen with utility space, and four generously sized bedrooms—making it suitable for families or individuals seeking extra workspace. Currently stripped back to bare brick, the property provides a blank canvas for customization. Previous owners have initiated some essential repairs including roof work and underpinning. With an expansive half-acre plot that invites landscaping potential and ample parking options, buyers will find numerous possibilities to enhance both the exterior and interior of the property. This residence combines rural tranquility with proximity to local conveniences—a rare investment opportunity not to be overlooked.

Investment Analysis

(LN8 area)

Below Market Value

This property is priced -29.6% below area average per sq ft

-29.6%
Potential saving
This Property
£156/sq ft
Area Average
£222/sq ft
Avg Rent (weekly)
£222
Avg Yield
4.0%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£585,816
10% above area average per sq ft
Potential ROI
+26.0%
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

Rasen Road, Walesby, 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
£1,374
Based on a loan of £281,250 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