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Chapman Street, Market Rasen LN8 - Image 1
Chapman Street, Market Rasen LN8 - Image 2
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Chapman Street, Market Rasen LN8

East Midlands

£95,000
Listed on 17/03/2026

Property Details

Bedrooms
N/A
Type
Land

Description

This individual building plot presents a unique investment opportunity in the heart of Market Rasen. Ideally situated just a short stroll from the town centre, railway station, and racecourse, the location offers both convenience and a tranquil environment. With approved Outline Planning Permission for a contemporary three-bedroom detached home, the site is primed for development. The proposed design includes an open-plan living area that flows into a kitchen and dining space, accompanied by two double bedrooms—one featuring an en-suite bathroom—and a spacious principal suite on the upper floor with its own en-suite. The exterior plan accommodates a private garden along with two designated off-road parking spaces. This plot is not only well-connected to local amenities but also offers straightforward access to larger towns such as Lincoln and Louth, making it an ideal choice for both lifestyle and investment.

Investment Analysis

(LN8 area)
Area Average
£227/sq ft
Avg Rent (weekly)
£204
Avg Yield
3.2%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£150,000 - £200,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
18
Average per month
Market Turnover
27%
Properties sold annually

Local Market Trend (LN8)

Area prices are falling by -9.0% over the last 12 months
3 year growth: -4.4%
5 year growth: +12.1%
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

Chapman Street, Market Rasen LN8
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Mortgage Calculator

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£
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£343
Based on a loan of £71,250 over 30 years at 4.06% 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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