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Building Plot, Gainsborough Road, Middle Rasen - Image 1
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Building Plot, Gainsborough Road, Middle Rasen

East Midlands

£85,000
Listed on 27/02/2026

Property Details

Bedrooms
N/A
Type
Detached house

Description

This property offers a unique opportunity to develop a residential dwelling in the quaint village of Middle Rasen. The plot benefits from full planning permission, granted on 21/01/2026 (Reference: WL/2025/01159), allowing for the construction of a detached family home complete with a garage and garden space at both the front and rear. Located just 1.5 miles from Market Rasen, residents will enjoy access to educational facilities, including primary and secondary schools, as well as local amenities such as supermarkets and independent shops. With mains water and electricity services readily available nearby, this site is poised for development. Importantly, potential buyers must be aware that a Community Infrastructure Levy (CIL) will apply in addition to the purchase price, and a Biodiversity Gain Plan is mandatory prior to commencing any building works. This infill plot presents a promising investment opportunity in a popular area that balances rural charm with community conveniences.

Investment Analysis

(LN8 area)
Area Average
£227/sq ft
Avg Rent (weekly)
£204
Avg Yield
3.2%

Renovation Potential

Heavy 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
18
Average per month
Market Turnover
27%
Properties sold annually

Local Market Trend (LN8)

Area prices are falling by -9.0% over the last 12 months
3 year growth: -4.4%
5 year growth: +12.1%
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

Building Plot, Gainsborough Road, Middle 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
£307
Based on a loan of £63,750 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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