Kilnwell Road, Market Rasen LN8
East Midlands
£160,000
Listed on 10/10/2026
Listed on 10/10/2026
The listing
Property details
Bedrooms
3Type
End TerraceFeatures
- Garage
- Parking
Description
This three-bedroom home in central Market Rasen was formerly two properties and offers a notably spacious arrangement, with two reception rooms, a kitchen and separate utility room. The accommodation also includes three bedrooms and a bathroom. The listing describes the property as requiring modernisation and notes that its walls are single skin, so it is being marketed to cash buyers.
A long private driveway leads to a hard-standing courtyard with a double garage, a single garage and several outbuildings. There is also a gravelled area to the rear. The outbuildings may offer scope for conversion or redevelopment, subject to the necessary consents and verification of feasibility. Shops, schools, local services and the train station are within walking distance.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
46out of 100
Grade ELow opportunity
Confidence: LOW
This is a substantial town-centre project with several reception spaces, a long private driveway, garages and a range of outbuildings—giving the renovation scope more to work with than the interior alone. The visible rooms are usable but dated, while the kitchen has lower-wall deterioration and the courtyard and garden areas need clearing and attention. The £36,000–£68,000 renovation range gives a sense of the medium-scale work involved; the outbuildings may offer further potential, subject to permissions and feasibility.
At £160,000, the value comparison is incomplete: floor area is missing, so value against local £/sq ft cannot yet be judged. The overall score is low, with the missing floor-area data limiting the price and residual-value assessment rather than establishing that the property is overpriced. The listing also notes single-skin walls, an important factor to investigate when assessing the project.
Key opportunities
- Modernise the dated reception rooms and visible bedrooms, updating finishes and worn floor coverings.
- Refresh the kitchen and bathroom, with the kitchen’s visible lower-wall deterioration part of the improvement scope.
- Clear and improve the courtyard and garden, while exploring the outbuildings’ potential subject to permissions and feasibility.
Key risks
- The kitchen has visible lower-wall deterioration; its cause and extent should be checked.
- The listing states that the property has single-skin walls, which should be investigated as part of assessing the building and planned works.
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Finance
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Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£604
Based on a loan of £120,000 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.
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Pricing
Price history
-13.5% since listed
£160,000£25,000(-13.5%)
15/10/2026£185,000Initial listing
24/06/2025Services
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