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Sawmill Lane, Wragby, Market Rasen, Lincolnshire, LN8 - Image 1
Sawmill Lane, Wragby, Market Rasen, Lincolnshire, LN8 - Image 2
Sawmill Lane, Wragby, Market Rasen, Lincolnshire, LN8 - Image 3
Sawmill Lane, Wragby, Market Rasen, Lincolnshire, LN8 - Image 4
Sawmill Lane, Wragby, Market Rasen, Lincolnshire, LN8 - Image 5
Sawmill Lane, Wragby, Market Rasen, Lincolnshire, LN8 - Image 6
Sawmill Lane, Wragby, Market Rasen, Lincolnshire, LN8 - Image 7
Sawmill Lane, Wragby, Market Rasen, Lincolnshire, LN8 - Image 8
Sawmill Lane, Wragby, Market Rasen, Lincolnshire, LN8 - Image 9
Sawmill Lane, Wragby, Market Rasen, Lincolnshire, LN8 - Image 10
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Sawmill Lane, Wragby, Market Rasen, Lincolnshire, LN8

East Midlands

£115,000
Listed on 01/12/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
1112 sqft

Description

This charming two-bedroom mid-terraced home in Wragby Village presents a compelling opportunity for those looking to make an investment or embark on a renovation project. Featuring two generous double bedrooms, the property boasts a substantial layout ripe for modernization. The living space includes an airy lounge with French doors leading to the rear garden, alongside a functional kitchen and separate dining area that connects seamlessly to a conservatory, offering potential for additional living space. Although the home requires extensive updating throughout, its central location provides easy access to local amenities, making it an attractive option for first-time buyers or investors seeking rental opportunities. With no onward chain and available through a modern auction process, this property is positioned for quick action—perfect for anyone ready to take on a rewarding refurbishment. Complete with off-street parking and outdoor space, it stands as a prime candidate for transformation into a desirable residence.

Investment Analysis

(LN8 area)

Below Market Value

This property is priced -53.4% below area average per sq ft

-53.4%
Potential saving
This Property
£103/sq ft
Area Average
£222/sq ft
Avg Rent (weekly)
£222
Avg Yield
4.0%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£271,428
10% above area average per sq ft
Potential ROI
+81.0%
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

Sawmill Lane, Wragby, Market Rasen, Lincolnshire, 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
£421
Based on a loan of £86,250 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