3-bedroom terraced house · LN8 3BH
For saleListed 13 days
Opportunity summary
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About
Three Bedroom Property in a central Market Rasen location, offering well proportioned accommodation, a south facing plot of approximately 0.22 acre (sts), mature gardens, garage, workshop, extensive outbuildings and off-road parking for multiple cars.
Description 27 Dear Street is a Three Bedroom Property offering well proportioned accommodation arranged over two floors, occupying an approximately 0.22 acre plot (sts) in a tucked away position within the central area of Market Rasen.
The property provides an Entrance Hallway, Porch, Bathroom, Kitchen/Diner and Living Room to the ground floor, with Three Bedrooms and an additional WC on the first floor.
A particular feature is the substantial south facing plot, which includes mature gardens together with extensive outbuildings, garage and workshop accommodation.
The gravelled driveway provides off-road parking for multiple cars, while the garage, workshop and additional storage offer useful space for a range of purposes.
The property is also within walking distance of local schools and shops.
Properties combining this level of accommodation with a plot of this size and such extensive outbuilding provision are relatively uncommon within the town.
Location The property occupies a central yet tucked-away position within Market Rasen, with local shops and schools within walking distance.
Market Rasen provides a range of everyday amenities including independent shops, cafés, public houses, supermarkets and other local services, together with primary and secondary schooling.
The town also benefits from a railway station providing services towards Lincoln and Grimsby, while the A46 gives access towards Lincoln and the wider road network.
The Lincolnshire Wolds are close by, providing access to a range of countryside and walking routes.
Porch With composite external door to the front elevation, uPVC double glazed window to the side elevation and internal door leading into the entrance hall.
Stairs rise to the first floor with doors off.
Entrance hall With tiled flooring, radiator, uPVC double glazed window to the front elevation, composite external door to the rear elevation and doors off.
Kitchen/diner 14' 1" x 13' 11" (4.29m x 4.24m) With vinyl flooring throughout, radiator and uPVC double glazed window to the front elevation.
Fitted with a range of wall and base units with worktops over, tiled splashbacks, integrated electric oven, integrated gas hob with extractor fan over, integrated ceramic sink with drainer and integrated fridge.
Door providing access to under stair storage.
Bathroom 8' 11" x 9' 8" (2.72m x 2.95m) With vinyl flooring throughout, low level WC, wash hand basin with integrated storage units, standard horizontal radiator, towel radiator and corner shower cubicle.
Tiling throughout and spotlight lighting.
Living room 13' 1" x 18' 11" (3.99m x 5.77m) With two radiators, uPVC double glazed window to the front elevation, exposed wooden beams and brickwork, feature fireplace and wood burner.
First floor landing With uPVC double glazed window to the rear elevation, doors off, access to the roof void and stairs leading to the ground floor.
Bedroom 1 9' 8" x 11' 11" (2.95m x 3.63m) With radiator, built-in wardrobes, uPVC double glazed window to the front elevation and airing cupboard housing the boiler.
Bedroom 2 13' 1" x 8' 4" (3.99m x 2.54m) With radiator and uPVC double glazed window to the front elevation.
Bedroom 3 10' 6" x 10' 8" (3.2m x 3.25m) With radiator and uPVC double glazed window to the front elevation WC 3' 3" x 8' 8" (0.99m x 2.64m) With radiator, low level WC, wash hand basin and uPVC double glazed frosted window to the rear elevation.
Outside The property benefits from a spacious south facing plot of approximately 0.22 acre, subject to survey, with mature gardens and a range of established planting.
The gravelled driveway provides off-road parking for multiple cars and leads to the garage and workshop areas.
The garden includes flower beds, mature shrubs and trees, greenhouse and patio seating areas.
The combination of the substantial plot and extensive garage and workshop accommodation provides useful outside space, with the property occupying a tucked away position while remaining within the central area of Market Rasen.
Workshop and garage 18' 2" x 12' (5.54m x 3.66m) The workshop benefits from sliding doors, power and lighting, together with two windows to the side elevation.
The adjoining garage (23'1 x 9'11) also benefits from power and lighting. There is an additional storeroom to the rear of the workshop.
Garage 15' 11" x 33' 10" (4.85m x 10.31m) With two up-and-over doors, power and lighting.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
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About 27, Dear Street, Market Rasen
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