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Welcome to Ainsworth House, Walesby Road, Market Rasen, LN8 3EY

East Midlands

£800,000

Listed on 08/06/2026

Property Details

Bedrooms
5
Type
Detached
Area
2989 sqft

Description

This impressive Victorian residence presents a distinctive opportunity for renovation and investment, set within a substantial plot of around one-third of an acre in the East Midlands. Offering approximately 3,000 sq ft of space, Ainsworth House combines period charm with modern energy-efficient features such as solar panels and Tesla battery storage. The property includes a self-contained annex which can serve various purposes from guest accommodation to a home office. Recent enhancements have positioned this home with an EPC A rating, yet there remains significant potential for further improvements or personalization to suit contemporary living needs. The spacious reception areas are graced by original fireplaces and bay windows, while the functional kitchen is well-equipped for family gatherings. The first floor boasts five sizable bedrooms, including options suitable for guests or independent living arrangements. Furthermore, full planning permission has been granted for an additional annex with garage, allowing for further development and increased property value. Outside, the expansive gardens provide a tranquil backdrop and present opportunities for landscaping or even further construction upon careful planning. With ample parking available via a secure gated entrance and no onward chain, this home is ideal for those looking to invest in a characterful property that offers both immediate enjoyment and long-term potential.

Investment Analysis

(LN8 area)

Above Market Value

This property is priced +15.6% above area average per sq ft

+15.6%
This Property
£268/sq ft
Area Average
£232/sq ft
Avg Rent (weekly)
£224
Avg Yield
3.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £100,000
Target Value
£761,149
10% above area average per sq ft
Potential ROI
-15.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
20
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (LN8)

Area prices are falling by -4.3% over the last 12 months
3 year growth: -6.0%
5 year growth: +2.6%
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

Welcome to Ainsworth House, Walesby Road, Market Rasen, LN8 3EY
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£3,022
Based on a loan of £600,000 over 30 years at 4.45% 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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