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Derby Close, Market Rasen

East Midlands

£270,000

Listed on 16/07/2026

Property details

Bedrooms
2
Type
Bungalow

Description

Located within the sought-after Fox Hollow development, this two-bedroom detached bungalow presents an excellent opportunity for those interested in a renovation project. With Market Rasen town centre and the railway station just a short stroll away, it combines convenience with potential for personalized improvement. The property features a welcoming entrance hallway with storage, a generous lounge, a kitchen diner, a principal bedroom complete with an en suite shower room, a secondary double bedroom, and a family bathroom. While the interior is in need of modernisation and cosmetic updates, the layout is practical and offers significant scope for enhancements that could substantially increase its value. Externally, there’s a front garden complemented by a driveway leading to a detached single garage. The rear garden provides ample outdoor space that can be transformed into an appealing retreat. With no onward chain, this bungalow appeals to downsizers, first-time buyers, or investors looking to create their ideal home.

Investment analysis

(LN8 area)
Area Average
£231/sq ft
Avg Rent (weekly)
£211
Avg Yield
3.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
19
Average per month
Market Turnover
6%
Properties sold annually

Local Market Trend (LN8)

Area prices are falling by -5.6% over the last 12 months
3 year growth: -6.8%
5 year growth: -0.9%
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

Derby Close, Market Rasen
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Mortgage calculator

£
£
£
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years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,020
Based on a loan of £202,500 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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