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Prospect Place, MARKET RASEN

East Midlands

£60,000
Listed on 19/02/2026

Property Details

Bedrooms
3
Type
Terraced house

Description

This freehold terrace house, spanning two floors, presents a significant opportunity for renovation and investment. Located in a quiet cul-de-sac off Willingham Road, this property provides full vacant possession and is ideally positioned close to Market Rasen Town Centre. The home comprises three bedrooms on the first floor, while the ground floor boasts a reception room, kitchen/diner, bathroom/WC, and utility area. The property also features a rear garden that can be revitalized as part of your renovation plans. Given its requirement for modernisation, you have the chance to tailor the space to meet contemporary standards and personal preferences. With an approximate gross internal area of 71 sq m (764 sq ft), this house holds great potential for those looking to invest in a project that can lead to increased value—it is an excellent prospect for homeowners or investors alike. Access to local amenities and transport links further enhances its appeal.

Investment Analysis

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

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
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

Prospect Place, MARKET RASEN
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Mortgage Calculator

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£
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£216
Based on a loan of £45,000 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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