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Willingham Road, Market Rasen, Lincolnshire, LN8 - Image 1
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Willingham Road, Market Rasen, Lincolnshire, LN8

East Midlands

£150,000
Listed on 31/03/2026

Property Details

Bedrooms
4
Type
Terraced

Description

This four-bedroom mid-terrace residence spans three floors, presenting a valuable opportunity for renovation enthusiasts or potential investors. Located in the vibrant market town of Market Rasen, this property features a welcoming entrance hall that leads to spacious living areas, including a comfortable lounge and a separate dining room ideal for gatherings. The kitchen at the rear of the house offers direct access to the garden and is poised for updating to meet modern standards. On the upper levels, you'll find four well-sized bedrooms that provide versatile options for family living or home office space, accompanied by a family bathroom. While the home requires some refurbishment, it boasts generous dimensions and significant potential for enhancing its appeal and functionality. Externally, a private rear garden invites outdoor use, complemented by the practical inclusion of a garage and off-road parking—an asset highly sought after in this area. Situated near local amenities such as shops, cafes, schools, and leisure facilities, plus convenient transport links to Lincoln and beyond, this property offers an enticing project for first-time buyers or those looking to invest in a thriving community.

Investment Analysis

(LN8 area)
Area Average
£228/sq ft
Avg Rent (weekly)
£203
Avg Yield
3.3%

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
19
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (LN8)

Area prices are falling by -5.1% over the last 12 months
3 year growth: -4.4%
5 year growth: +9.1%
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

Willingham Road, Market Rasen, Lincolnshire, LN8
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Mortgage Calculator

£
£
£
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years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£531
Based on a loan of £112,500 over 30 years at 3.91% 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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