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Well Street, Bishop Norton, Market Rasen

East Midlands

£250,000

Listed on 12/03/2026

Property Details

Bedrooms
3
Type
Cottage
Area
1393 sqft

Description

This detached cottage presents an exciting opportunity for renovation enthusiasts looking to invest in a property with significant potential. Located in the tranquil village of Bishop Norton, surrounded by picturesque Lincolnshire countryside, the home is ideally positioned for those who appreciate a peaceful lifestyle, complete with ample walking and cycling routes nearby. The current owners have maintained the property over the years, but it now awaits a fresh vision to modernize its charm. Local amenities are conveniently accessible, with Caenby Corner just a short distance away for essentials, and Kirton in Lindsey offering further shopping and schooling options. Inside, the cottage welcomes you with cozy interiors featuring character elements such as original beams and an inviting open fireplace in the living room. The separate dining room provides lovely garden views through sliding patio doors, while the kitchen/breakfast area serves as a spacious central hub ready for updates. A small utility room and ground floor shower room add practicality. Upstairs accommodates three bedrooms and a versatile landing/study area that could be reimagined. Outside, there is ample parking available alongside a detached garage that requires rebuilding—offering fantastic space for development. The rear garden is generously sized, ripe for transformation into your ideal outdoor haven. With oil-fired heating and uPVC double glazing already installed, this property combines potential with some existing comforts. This sale comes with no onward chain, allowing for quick acquisition and renovation planning.

Investment Analysis

(LN8 area)

Below Market Value

This property is priced -21.5% below area average per sq ft

-21.5%
Potential saving
This Property
£179/sq ft
Area Average
£229/sq ft
Avg Rent (weekly)
£200
Avg Yield
3.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£350,360
10% above area average per sq ft
Potential ROI
+16.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
21
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (LN8)

Area prices are falling by -4.7% over the last 12 months
3 year growth: -5.0%
5 year growth: +6.8%
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

Well Street, Bishop Norton, Market Rasen
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£892
Based on a loan of £187,500 over 30 years at 3.97% 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.

Stamp Duty Calculator

Price History

-16.7% since listed
£250,000£30,000(-10.7%)
28/05/2026
Current price
£280,000£20,000(-6.7%)
12/05/2026
£300,000Initial listing
13/03/2026

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