1-bedroom terraced house · LN8 3BB
For saleListed 2 days
Opportunity summary
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About
Unique Grade II Listed property in central Market Rasen, recently redecorated throughout with a freshly repainted exterior.
Within walking distance of the train station, the property offers a bedroom, parking space and potential for a holiday let, subject to consents.
Description A unique and characterful Grade II Listed property situated in the heart of Market Rasen, within easy walking distance of the town centre amenities and railway station.
Thoughtfully decorated throughout, the property has recently benefited from extensive internal decorating work, while the exterior has also been completely repainted by the current vendor, presenting an appealing opportunity for a new owner.
The accommodation comprises a kitchen/dining room, living room, first floor bedroom and bathroom. The property also benefits from a parking space, adding valuable convenience to its central location.
With its distinctive character and position close to local amenities and transport links, 1 Peek Mews may appeal to first time buyers, those seeking a conveniently located home, or purchasers exploring the potential for an Airbnb or holiday let, subject to any necessary consents, permissions and applicable requirements.
Location Market Rasen is a thriving market town situated on the edge of the Lincolnshire Wolds with the added benefit of the train station and bus services providing regular links to larger towns and city networks.
The town is renowned for its Golf Course and Racecourse and also has a wonderful range of local independent retail outlets, regular markets in the cobbled market square, various restaurants, boutique hotel and guesthouses, public houses, library, healthcare providers and good local schooling; Primary Schooling – Market Rasen C of E Primary (Ofsted Graded 'Good'), Secondary Schooling – De Aston School (Ofsted Graded 'Good').
Kitchen/diner 9' 4" x 13' 2" (2.84m x 4.01m) With vinyl flooring, electric storage heater, window with secondary glazing to the rear elevation, fitted with a range of wall and base units, sink with drainer, space for a freestanding cooker, electric hob with extractor fan over, pantry recess area with space for freezer and cloaks, external door provides access to the rear and an internal door leads through to the living room.
Living room 10' 6" x 14' 9" (3.2m x 4.5m) With electric storage heaters, window with secondary glazing to the front elevation, feature fireplace with ornate surround and stairs rising to the first floor.
Bedroom 12' 7" x 14' 9" (3.84m x 4.5m) With electric storage heater, window with secondary glazing to the front elevation, built-in wardrobe space, an airing cupboard housing the hot water cylinder and a further storage cupboard.
Bathroom 10' 10" x 10' (3.3m x 3.05m) Fitted with a bath with dual taps, low level WC and wash hand basin, electric towel radiator and uPVC double glazed window to the rear elevation.
Outside and parking The property benefits from a parking space, a valuable feature given its central town location.
The exterior has recently been completely repainted by the current vendor, complementing the internal decorating work carried out in preparation for the sale.
Grade II listed The property is Grade II Listed, and prospective purchasers should make their own enquiries regarding any obligations or restrictions associated with listed building status.
Holiday let potential Given its central location, proximity to the railway station and distinctive character, the property may offer potential for use as an Airbnb or holiday let.
Any proposed use would be subject to the necessary permissions, consents, insurance, regulatory requirements and any applicable restrictions.
Prospective purchasers should make their own enquiries to establish suitability. Note The vendor has advised that the property's contents are negotiable.
Furniture may also be available by separate negotiation, further details can be discussed with the selling agent.
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.
Area
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FAQ
About King Street, Market Rasen
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