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Main Road, Sotby, Market Rasen

East Midlands

£300,000
Listed on 22/04/2026

Property Details

Bedrooms
3
Type
Cottage
Area
1432 sqft

Description

This detached, 3-bedroom cottage, with origins tracing back to the early 19th century, presents a prime opportunity for renovation enthusiasts and investors alike. Situated on a generous plot of approximately 0.56 acres in the village of Sotby, this property features mature gardens and several domestic outbuildings, all while offering stunning views of the Lincolnshire Wolds (Area of Outstanding Natural Beauty) from its rear. The accommodation is laid out over two floors, beginning with a reception hall that welcomes you into the home. The ground floor hosts a living room and dining room with original elements that could be restored or updated according to modern tastes. The kitchen retains its character but requires refitting, while the utility area houses essential amenities like an oil boiler. Additionally, there is a cloakroom for convenience. Upstairs, you will find three bedrooms with charming sloped ceilings and ample space. The bathroom is equipped with an electric shower over the bath but could benefit from modernisation. Outside, the property features front and rear gardens with established shrubbery, along with a gravelled driveway and carport for parking. With potential for further residential development subject to planning permissions, this property not only holds charm but also investment promise in an attractive rural locale. Mains water and electricity are connected, while drainage relies on a private system. This cottage offers a canvas for refurbishment that could yield significant returns or serve as a tranquil family home post-renovation.

Investment Analysis

(LN8 area)

Below Market Value

This property is priced -8.2% below area average per sq ft

-8.2%
Potential saving
This Property
£209/sq ft
Area Average
£228/sq ft
Avg Rent (weekly)
£203
Avg Yield
3.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £60,000
Target Value
£359,461
10% above area average per sq ft
Potential ROI
-0.1%
After renovation
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

Main Road, Sotby, Market Rasen
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£1,063
Based on a loan of £225,000 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.

Stamp Duty Calculator

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