Worst House on the Street Logo
Gainsborough Road, Market Rasen - Image 1
Gainsborough Road, Market Rasen - Image 2

Gainsborough Road, Market Rasen

East Midlands

£360,000

Listed on 19/05/2026

Property Details

Bedrooms
4
Type
Plot

Description

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.

Investment Analysis

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

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£80,000 - £120,000
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

Gainsborough Road, Market Rasen
Loading map...

Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£1,284
Based on a loan of £270,000 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

This calculation uses non-residential (land/commercial) tax rates.

Next Steps

Explore services to help you with this property purchase.

Get help with this property

Financing, surveys and more – choose a service and we’ll connect you with our trusted partners.

Allcott Associates