Worst House on the Street Logo
Gainsborough Road, Glentham, Market Rasen, Lincolnshire LN8 - Image 1
Gainsborough Road, Glentham, Market Rasen, Lincolnshire LN8 - Image 2
Gainsborough Road, Glentham, Market Rasen, Lincolnshire LN8 - Image 3

Gainsborough Road, Glentham, Market Rasen, Lincolnshire LN8

East Midlands

£373,995
Listed on 07/10/2025

Property Details

Bedrooms
4
Type
Detached house
Area
1941 sqft

Description

This detached four-bedroom home presents an exciting renovation and investment opportunity within the tranquil village of Glentham. While it showcases a blend of period features and modern conveniences, there remains substantial potential for enhancement to suit individual tastes or to maximize its market value. The property is set on a spacious plot that includes approximately 0.8 acres of tree-lined paddock, offering ample opportunities for equestrian pursuits, recreational activities, or simply enjoying the countryside's natural beauty. The generous outdoor space also welcomes various development possibilities, whether for personal enjoyment or future investment (subject to planning permission). Inside, you'll find four well-proportioned double bedrooms that provide flexibility for family living or hosting visitors. Large bay windows in the main living areas enhance the natural light throughout the home while adding character. The main lounge features hardwood effect flooring and a log burner, creating a cozy atmosphere that can be further enhanced with your creative touch. The versatile dining room with its open fireplace adds charm and could serve as an inviting gathering spot. A modern breakfast kitchen combines functionality with aesthetic appeal, featuring ample cabinetry and high-quality granite work surfaces—an excellent foundation for those looking to modernize or expand this space further. A snug garden room provides additional living space with direct access to the raised decking area in the rear garden, creating an opportunity for seamless indoor-outdoor living. This layout not only complements daily life but also enhances the property’s appeal should you choose to rent or sell in the future. The outbuildings offer even more potential; currently configured as a garage/stable combination, they may easily be repurposed as workshops or studios—or possibly converted into additional living spaces (subject to necessary approvals). With its desirable village location and extensive outdoor space, this home invites those with vision to transform it into their ideal residence while potentially increasing its long-term value through thoughtful updates and renovations. Viewing is recommended to fully grasp the opportunities this unique property affords.

Investment Analysis

(LN8 area)

Below Market Value

This property is priced -13.3% below area average per sq ft

-13.3%
Potential saving
This Property
£193/sq ft
Area Average
£222/sq ft
Avg Rent (weekly)
£334
Avg Yield
5.4%

Renovation Potential

Est. Renovation Cost
£37,400 - £93,499
10-25% of property value
Target Value
£474,312
10% above area average per sq ft
Potential ROI
+1.5%
After renovation
Monthly Sales
8
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (LN8)

Area prices are falling by +11.2% over the last 12 months
3 year growth: -1.1%
5 year growth: 11.6%
Investment Disclaimer: Analysis based on LN8 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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

Gainsborough Road, Glentham, Market Rasen, Lincolnshire LN8
Map showing location of Gainsborough Road, Glentham, Market Rasen, Lincolnshire LN8
Open Map