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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

East Midlands

£225,000
Listed on 12/04/2026

Property Details

Bedrooms
5
Type
Land

Description

This property represents a remarkable opportunity for investors or buyers looking to undertake a barn conversion in the desirable village of Middle Rasen. The site includes the main barn along with several outbuildings, all supported by detailed architectural drawings that showcase the potential transformation into residential spaces. Although planning permission is currently being sought, future owners can envision creating stunning living areas in this serene setting.

Boasting its own private courtyard garden, this property also has additional land which could be negotiated separately, further enhancing its appeal. Located just a mile from Market Rasen, this thriving village offers essential amenities such as a Post Office, local shops, and educational facilities rated 'Good' by Ofsted. The community spirit here is strong, with various local events and groups adding to the vibrant atmosphere.

This entire site is available for acquisition as a single lot, making it particularly attractive for developers and those seeking a project with significant investment potential.

Investment Analysis

(LN8 area)
Area Average
£229/sq ft
Avg Rent (weekly)
£200
Avg Yield
3.4%

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
21
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (LN8)

Area prices are falling by -4.7% over the last 12 months
3 year growth: -5.0%
5 year growth: +6.8%
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 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£803
Based on a loan of £168,750 over 30 years at 3.97% 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.

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