Mill Road, Market Rasen, LN8
East Midlands
£185,000
Listed on 24/09/2026
Listed on 24/09/2026
The listing
Property details
Bedrooms
3Type
Semi DetachedArea
829 sqftFeatures
- Garden
- Parking
Description
This three-bedroom semi-detached house in Market Rasen is offered as a renovation project, with work already started and further finishing required. The accommodation includes a lounge, dining room, kitchen, conservatory, rear hall, store room and ground-floor WC, with three bedrooms, a bathroom and a separate WC upstairs. The existing layout provides a basis for completing the refurbishment to a chosen specification.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
43out of 100
Grade ELow opportunity
Confidence: MEDIUM
At £185,000, the asking price is slightly below the local £/sqf average, which is a reasonable starting point for a project. The challenge is the economics: once a mid-to-substantial programme of works is factored in, the purchase and improvement spend looks stretched against local benchmarks for a home of this size; that comparison is with current local values, not a forecast of the finished property’s value.
There is scope to complete the renovation in your own style, with the ground-floor areas stripped back and the kitchen ready for a full replacement. A generous rear garden and generally intact-looking exterior add to the appeal, but this is a substantial project rather than a cosmetic refresh.
Key opportunities
- Complete the stripped-back ground floor to create a cohesive living space and choose the finishes throughout.
- The kitchen area is a blank canvas for a new layout and fitted kitchen to suit the home.
- Make the most of the generous rear garden with considered landscaping and improvements to its hardstanding.
Key risks
- Stripped ground-floor areas, exposed masonry and unfinished surfaces point to a heavy, multi-room programme; allow for a full interior completion rather than a cosmetic refresh.
- At this asking price, adding a mid-to-substantial works programme leaves total project costs stretched against local benchmarks for this floor area.
- The all-in picture is soft when the asking price sits alongside the indicated works scale — around 19% above what similar-sized stock commands locally today; we have not assumed a post-renovation resale figure.
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Transport
Nearest stations
Market Rasen Rail Station
0.1 miles
Train · Market Rasen
Kirton Lindsey Rail Station
12.6 miles
Train · Kirton in Lindsey
Brigg Rail Station
12.8 miles
Train · Brigg
Barnetby Rail Station
13.4 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.
£
£
£
%
%
years
Current average 2-year fixed rate is 5.13%
Current average variable rate is 6.58%
Monthly Repayments
£756
Based on a loan of £138,750 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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