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Barn Conversion, South Lane, Middle Rasen, Market Rasen, Lincolnshire LN8 - Image 1
Barn Conversion, South Lane, Middle Rasen, Market Rasen, Lincolnshire LN8 - Image 2
Barn Conversion, South Lane, Middle Rasen, Market Rasen, Lincolnshire LN8 - Image 3
Barn Conversion, South Lane, Middle Rasen, Market Rasen, Lincolnshire LN8 - Image 4
Barn Conversion, South Lane, Middle Rasen, Market Rasen, Lincolnshire LN8 - Image 5
Barn Conversion, South Lane, Middle Rasen, Market Rasen, Lincolnshire LN8 - Image 6
Barn Conversion, South Lane, Middle Rasen, Market Rasen, Lincolnshire LN8 - Image 7
Barn Conversion, South Lane, Middle Rasen, Market Rasen, Lincolnshire LN8 - Image 8
Barn Conversion, South Lane, Middle Rasen, Market Rasen, Lincolnshire LN8 - Image 9
Barn Conversion, South Lane, Middle Rasen, Market Rasen, Lincolnshire LN8 - Image 10
Barn Conversion, South Lane, Middle Rasen, Market Rasen, Lincolnshire LN8 - Image 11
Barn Conversion, South Lane, Middle Rasen, Market Rasen, Lincolnshire LN8 - Image 12
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Barn Conversion, South Lane, Middle Rasen, Market Rasen, Lincolnshire LN8 - Image 14
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Barn Conversion, South Lane, Middle Rasen, Market Rasen, Lincolnshire LN8

East Midlands

£225,000

Listed on 16/05/2026

Property details

Bedrooms
5
Type
Land

Description

This property presents a notable opportunity for a barn conversion within the charming village of Middle Rasen. The existing barn and its supplementary outbuildings come with well-prepared architectural plans that showcase their transformation potential. While formal planning permission is currently being sought, this initiative further enhances the investment appeal of the site. Access to the property is provided through a private courtyard garden, with possible additional garden land available via separate negotiations. Middle Rasen thrives just one mile from Market Rasen, benefiting from essential local amenities like a Post Office, village shop, and recreational facilities such as a bowling green and village hall. With a strong community spirit and regular local events, it’s an attractive spot for families, especially given the primary school’s 'Good' status from Ofsted. The entire site is available for purchase as one comprehensive lot, including the adjoining structures like a triple garage, an office space, and several stables, all of which enhance the site's functional potential post-renovation.

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Investment analysis

(LN8 area)
Area Average
£231/sq ft
Avg Rent (weekly)
£211
Avg Yield
3.3%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£150,000 - £250,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
19
Average per month
Market Turnover
6%
Properties sold annually

Local Market Trend (LN8)

Area prices are falling by -5.6% over the last 12 months
3 year growth: -6.8%
5 year growth: -0.9%
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

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£850
Based on a loan of £168,750 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.

Stamp duty calculator

This calculation uses non-residential (land/commercial) tax rates.

Next Steps

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