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Former Pumping Station, Ludford Road, Binbrook, Market Rasen, Lincolnshire, LN8 6DR - Image 1
Former Pumping Station, Ludford Road, Binbrook, Market Rasen, Lincolnshire, LN8 6DR - Image 2
Former Pumping Station, Ludford Road, Binbrook, Market Rasen, Lincolnshire, LN8 6DR - Image 3
Former Pumping Station, Ludford Road, Binbrook, Market Rasen, Lincolnshire, LN8 6DR - Image 4
Former Pumping Station, Ludford Road, Binbrook, Market Rasen, Lincolnshire, LN8 6DR - Image 5
Former Pumping Station, Ludford Road, Binbrook, Market Rasen, Lincolnshire, LN8 6DR - Image 6
Former Pumping Station, Ludford Road, Binbrook, Market Rasen, Lincolnshire, LN8 6DR - Image 7
Former Pumping Station, Ludford Road, Binbrook, Market Rasen, Lincolnshire, LN8 6DR - Image 8
Former Pumping Station, Ludford Road, Binbrook, Market Rasen, Lincolnshire, LN8 6DR - Image 9
Former Pumping Station, Ludford Road, Binbrook, Market Rasen, Lincolnshire, LN8 6DR - Image 10
Former Pumping Station, Ludford Road, Binbrook, Market Rasen, Lincolnshire, LN8 6DR - Image 11

Former Pumping Station, Ludford Road, Binbrook, Market Rasen, Lincolnshire, LN8 6DR

East Midlands

£70,000
Listed on 25/01/2026

Property Details

Bedrooms
N/A
Type
Detached house

Description

Presenting a rare opportunity to transform a former Anglian water pumping station into a two-bedroom home, set within an idyllic rural landscape. The property comes with full planning permission, granted in late 2025, allowing for both conversion and extension, making it an attractive investment for developers or those seeking a unique residential project. Additionally, the site includes a small parcel of land intended for biodiversity net gain, enhancing its appeal in today's environmentally conscious market. Access to the site is assured via established rights over adjoining land. This project not only promises potential capital appreciation but also allows for customization based on personal taste and modern living standards. Essential services such as water and electricity are either available nearby or can be connected after due diligence by interested parties. With vacant possession upon completion, this property is primed for a remarkable development journey.

Investment Analysis

(LN8 area)
Area Average
£224/sq ft
Avg Rent (weekly)
£201
Avg Yield
3.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
17
Average per month
Market Turnover
23%
Properties sold annually

Local Market Trend (LN8)

Area prices are falling by -9.2% over the last 12 months
3 year growth: -3.7%
5 year growth: +13.9%
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

Former Pumping Station, Ludford Road, Binbrook, Market Rasen, Lincolnshire, LN8 6DR
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Mortgage Calculator

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Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£252
Based on a loan of £52,500 over 30 years at 4.06% 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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