Summary - 18A SOUTH STREET CAISTOR MARKET RASEN LN7 6UB
3 bed 1 bath Town House
Historic market-town position with refurbishment potential — short lease, cash or investor buyers preferred.
Chain free three-bedroom town house in central Caistor
Elevated town and Wolds views from upper floors
Requires modernisation throughout; dated kitchen and general refurbishment needed
Leasehold with 65 years remaining — lenders may refuse mortgages
Limited private outdoor space; constrained for extensions
Council Tax Band A — very low running tax cost
EPC rating D; average broadband, excellent mobile signal
Local area: above-average crime and some deprivation
This three-bedroom, four-level town house sits in the heart of Caistor’s historic market town, offering elevated views across the marketplace and towards the Lincolnshire Wolds. The layout includes a generous lounge, separate kitchen, large restricted-height storage/loft area and three double bedrooms with fitted wardrobes. The property is sold chain free and has excellent roadside visibility from its corner position.
The house requires modernization throughout: the kitchen is dated, some rooms need updating, and overall refurbishment will be needed to unlock full value. The Energy Performance Certificate is a D and the home is sold leasehold with 65 years remaining (as of 2021). Because of the short lease term, many mortgage lenders may refuse to lend without a lease extension, so purchasers should check finance options early.
Practical positives include low Council Tax (Band A), average internal size (~1,130 sq ft), on-street/nearby communal parking and very good mobile signal. The location gives immediate access to local shops, cafés, schools and transport links — a useful combination for either an investor or an owner-occupier wanting central town living.
Important drawbacks: limited private outside space and neighbouring buildings restrict extension possibilities; the local area records above-average crime and some socio-economic deprivation; the property needs renovation and the short lease creates a material hurdle for mortgage finance. This home suits a cash buyer, a buyer prepared to fund a lease extension, or an investor planning renovation and letting or change of use subject to permissions.
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