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Pingle Lane, Bishop Norton, Market Rasen

East Midlands

£599,950
Listed on 06/05/2026

Property Details

Bedrooms
5
Type
House
Area
2766 sqft

Description

This charming country farmhouse, set on a generous 2.56 acres, offers significant renovation potential and is ripe for transformation. Known as Newholme Farm, this substantial five-bedroom residence boasts over 2,700 sq ft of characterful living space, complete with a large barn and beautifully established grounds. While the property requires refurbishment, it represents a unique opportunity to craft an exceptional rural retreat that harmonizes with the tranquility of village life while remaining accessible to both Market Rasen and Lincoln's vibrant amenities.

Investment Analysis

(LN8 area)

Below Market Value

This property is priced -5.1% below area average per sq ft

-5.1%
Potential saving
This Property
£217/sq ft
Area Average
£229/sq ft
Avg Rent (weekly)
£200
Avg Yield
3.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £100,000
Target Value
£695,690
10% above area average per sq ft
Potential ROI
-0.6%
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

Pingle Lane, 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
£2,140
Based on a loan of £449,962 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

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