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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 home, spread across three levels, presents a unique opportunity for buyers interested in creating a modern living space. Located in the desirable town of Market Rasen, this property is well-suited for both first-time homeowners and investors looking to increase their portfolio through refurbishment. Upon entering, you'll find a welcoming hallway that leads to spacious living areas. The lounge provides a comfortable setting for relaxation, while the separate dining room offers ample space for family gatherings or entertaining friends. At the rear of the house, the kitchen features a practical layout with access to the garden, inviting possibilities for renovation and customization to meet contemporary standards. The upper floors host four generously sized bedrooms that can be adapted for family needs, remote workspaces, or guest quarters. A family bathroom serves these rooms effectively. Although the home requires a degree of modernization, its generous proportions and strategic location make it an excellent canvas to craft a personalized living environment. The private rear garden allows for outdoor activities or serene retreats during warmer seasons. Complementing this is the inclusion of a garage along with off-road parking—an asset that adds considerable convenience in this bustling market town. Market Rasen itself is renowned for its community spirit and array of amenities including shops, cafes, schools, and recreational facilities. With good transport links to Lincoln, Grimsby, and Louth, this property not only represents potential but also an attractive lifestyle choice in a vibrant area.

Investment Analysis

(LN8 area)
Area Average
£229/sq ft
Avg Rent (weekly)
£200
Avg Yield
3.4%

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
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

Willingham Road, Market Rasen, Lincolnshire, LN8
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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
£535
Based on a loan of £112,500 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.

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