Summary - Union Street, Market Rasen, LN8 LN8 3AA
4 bed 1 bath Terraced
Chain-free renovation opportunity in Market Rasen town centre.
Four bedrooms across two storeys, about 1,105 sq ft
A substantial four-bedroom mid-terrace in Market Rasen offered chain-free and ripe for refurbishment. The property is solid brick Victorian stock with period character, double glazing already in place, and a traditional layout that includes a porch, lounge, kitchen-diner and a ground-floor bathroom. A small courtyard garden provides low-maintenance outdoor space in a convenient town-centre position close to shops, transport and schools.
This is a clear project for an investor or developer: the house’s size (about 1,105 sq ft) and four bedrooms create strong rental or HMO potential once modernised. Key practical facts — freehold tenure, mains gas central heating via boiler and radiators, no flood risk — reduce holding uncertainty. The property is sold with no onward chain, so an expedited refurbishment programme is achievable.
Buyers should note material drawbacks honestly. The home requires modernisation throughout; the EPC is rated E and the walls are assumed uninsulated solid brick, so energy upgrades will be needed. The property is in an area classified as deprived with ageing urban communities nearby, which can affect resale pricing and tenant demand profiles. There is only one family bathroom for four bedrooms and the plot/garden is small, limiting extension options without planning checks.
Viewing is advised to appreciate the layout and scope for value-add improvements. With careful investment in insulation, heating, kitchen and bathrooms, this house offers a chance to create a comfortable rental or resale proposition in a well-served small town location.
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