Gainsborough Road, Market Rasen
East Midlands
£360,000
Listed on 20/05/2026
Listed on 20/05/2026
The listing
Property details
Bedrooms
N/AType
PlotDescription
This development site presents a unique opportunity for investors and builders, featuring plans to construct four thoughtfully designed contemporary family homes on a substantial plot of 0.7 acres in the heart of Middle Rasen. The site is accessed via a private driveway from Gainsborough Road and is surrounded by established residential and rural properties, enhancing its appeal for future homeowners. The outline planning consent, granted on October 26, 2022, allows for the construction of three- and four-bedroom houses, each with semi-detached garages. Existing structures on the property include traditional stables and a steel-framed stable building, which may offer potential for conversion or redevelopment. The site benefits from reserved matters approval as of September 29, 2025, making it a ready-to-go project for developers looking to capitalize on this growing area. Interested parties are encouraged to perform their due diligence regarding service connections and any further planning requirements.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
36out of 100
Grade ELow opportunity
Confidence: LOW
This is a development-site opportunity rather than a conventional house project: the listing describes a 0.7-acre site with reserved matters approval, subject to conditions, for four contemporary homes. The submitted drawings show substantial glazing, and the existing mix of yard, drive and stable buildings gives a clear starting point for shaping the scheme, though the photos do not establish the site's condition or construction requirements.
At £360,000, value versus local £/sqf cannot yet be judged because the listing gives no usable floor area for the site. The overall opportunity is rated low, with economics difficult to assess from the available information; verify the planning conditions and implementation status, access rights, services and feasibility before proceeding.
Key opportunities
- Potential to deliver four contemporary homes in a discreet 0.7-acre setting, with substantial glazing shown in the submitted designs.
- The listing describes reserved matters approval for the scheme, providing a defined proposal to investigate and potentially take forward.
- The site’s existing drive, yard and stable buildings offer a clear canvas for a development-led project.
Key risks
- Confirm the planning conditions, implementation status and feasibility of the approved scheme before relying on the consent.
- Service provision, private access arrangements and rights of way require due diligence.
- The photos do not evidence the existing site condition or construction requirements, so the scope of site preparation remains uncertain.
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Transport
Nearest stations
Market Rasen Rail Station
1.2 miles
Train · Market Rasen
Kirton Lindsey Rail Station
11.6 miles
Train · Kirton in Lindsey
Brigg Rail Station
12.3 miles
Train · Brigg
Barnetby Rail Station
13.2 miles
Train · Barnetby le Wold
Contains public sector information from NaPTAN (DfT) licensed under the Open Government Licence v3.0.
Finance
Mortgage calculator
Illustrative repayments based on the asking price, not a mortgage offer.
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£
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Current average 2-year fixed rate is 5.13%
Current average variable rate is 6.58%
Monthly Repayments
£1,471
Based on a loan of £270,000 over 30 years at 5.13% 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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