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Development Site - Walesby Road, Market Rasen

East Midlands

£675,000
Listed on 02/04/2026

Property Details

Bedrooms
N/A
Type
Plot

Description

This remarkable 2.76 acre residential development plot presents an excellent opportunity for investment, featuring approved plans for the construction of 15 high-quality homes. Situated on the scenic northern edge of Market Rasen, a charming market town nestled within the Lincolnshire Wolds, the site boasts a desirable mix of family-oriented detached homes ranging from 3 to 5 bedrooms, with spacious interiors spanning between 1,571 ft² (146 m²) and 2,755 ft² (256 m²). Additionally, there is a proposal for three affordable two-bedroom homes at 677 ft² (62 m²), catering to first-time buyers. Notably, there is also potential for further development with an application submitted for another dwelling on the land where former outbuildings were located along the access road. This site is ideal for investors looking to capitalize on a growing market in a picturesque setting.

Investment Analysis

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

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£500,000 - £750,000
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

Development Site - Walesby Road, Market Rasen
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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
£2,391
Based on a loan of £506,250 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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