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Caistor Road, Market Rasen LN8 - Image 1
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Caistor Road, Market Rasen LN8

East Midlands

£235,000
Listed on 14/12/2025

Property Details

Bedrooms
2
Type
Detached house
Area
1293 sqft

Description

This two-bedroom detached bungalow is positioned on a spacious plot in the heart of Market Rasen, a town known for its vibrant community and accessibility to local amenities, including shops and transport links. The property features a well-maintained front garden and a substantial driveway that accommodates ample off-road parking, leading to a single garage at the rear. Internally, the bungalow boasts a practical layout that includes an entrance porch, dining area connected to the kitchen, a lounge, utility space, two bedrooms, and a bathroom. Notably, there is significant potential for reconfiguration and expansion; plans could include transforming the loft room into usable living space or extending outwards (subject to necessary permissions). The surrounding area offers various leisure options such as golf courses and markets, making this property an optimal investment for those looking to enhance its value through thoughtful renovation. With no onward chain, it presents an immediate opportunity for prospective buyers looking to make their mark.

Investment Analysis

(LN8 area)

Below Market Value

This property is priced -18.1% below area average per sq ft

-18.1%
Potential saving
This Property
£182/sq ft
Area Average
£222/sq ft
Avg Rent (weekly)
£222
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£315,608
10% above area average per sq ft
Potential ROI
+14.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
15
Average per month
Market Turnover
6%
Properties sold annually

Local Market Trend (LN8)

Area prices are falling by +13.8% over the last 12 months
3 year growth: -4.3%
5 year growth: 11.1%
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

Caistor Road, Market Rasen LN8
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£861
Based on a loan of £176,250 over 30 years at 4.19% 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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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE