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Barn Conversion, South Lane, Middle Rasen, Market Rasen, Lincolnshire LN8 - Image 1
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Barn Conversion, South Lane, Middle Rasen, Market Rasen, Lincolnshire LN8 - Image 3

Barn Conversion, South Lane, Middle Rasen, Market Rasen, Lincolnshire LN8

East Midlands

£225,000
Listed on 26/03/2026

Property Details

Bedrooms
5
Type
Land

Description

This property presents a promising opportunity for investors and visionaries looking to undertake a barn conversion in the desirable village of Middle Rasen. With existing architect drawings showcasing the potential transformation, the barn and its associated outbuildings are primed for redevelopment, pending formal planning permission currently in progress. The site offers access from the front and includes a private courtyard garden, with additional garden space potentially available through separate negotiations. Located just a mile from Market Rasen, this vibrant community features essential local amenities such as a shop, a primary school rated 'Good' by Ofsted, and various social groups that contribute to its strong community spirit. The entire site is available for purchase as a single lot, including substantial garage and stable facilities which add further value to this investment.

Investment Analysis

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

Renovation Potential

Medium Refurb
Est. Renovation Cost
£100,000 - £150,000
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

Barn Conversion, South Lane, Middle Rasen, Market Rasen, Lincolnshire LN8
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Mortgage Calculator

£
£
£
%
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£811
Based on a loan of £168,750 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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