3-bedroom semi-detached house · LN8 3BP
Sold STCListed 26 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A three-bedroom semi-detached property offering an exciting opportunity to complete a renovation and create a home to your own specification.
Situated on the popular Mill Road in Market Rasen, this three-bedroom semi-detached property presents an excellent opportunity for buyers looking for a home with scope to add their own style and finish.
The current owners have already made a positive start on the renovation, providing the foundations for the next owner to continue and complete the works.
The property will appeal particularly to buyers looking for a project, whether that be a first-time buyer wanting to create a home to their own taste, a family seeking a property with potential, or an investor looking for an opportunity to add value.
The accommodation offers three bedrooms, together with the usual living and amenity spaces associated with a traditional semi-detached home.
With the renovation already underway, there is considerable scope to finish the property to a modern standard while retaining its existing character and layout.
The property is ideally placed for access to Market Rasen town centre, with its range of shops, cafés, schools and everyday amenities, while the surrounding Lincolnshire countryside provides plenty of opportunities for walking and outdoor pursuits.
Representing an opportunity to take a property that has already had work started and complete the transformation into a comfortable and individual home.
Early viewing is recommended for buyers looking for a property where they can put their own stamp on the finished result. EPC rating: D.
Location Market Rasen town is popular with walkers and there are great routes and trails just five minutes stroll from the town centre.
You can also head out to Willingham Woods where there are numerous trails and paths for all ages and abilities.
In the town centre you will find traditional and long-standing family run shops including ironmongers, butchers, menswear confectionery, bakery & fruit & veg.
The town boasts high-quality and award winning places to eat for all budgets. Market Rasen is approximately 16 miles from Lincoln City and 15 miles from the market town of Louth.
There are regular bus and train services.
Entrance Hall (3.78m x 1.79m (12'5" x 5'10")) Lounge (4.11m x 4.27m (13'6" x 14'0")) Kitchen (2.98m x 6.2m (9'9" x 20'4")) Dining Room (3.86m x 3.45m (12'8" x 11'4")) Rear Hall (1.07m x 2.13m (3'6" x 7'0")) WC (1.72m x 0.92m (5'8" x 3'0")) Store Room (2.48m x 2.06m (8'2" x 6'9")) Conservatory (2.99m x 1.95m (9'10" x 6'5")) Landing (1.65m x 2.89m (5'5" x 9'6")) Bedroom 1 (3.91m x 3.32m (12'10" x 10'11")) Bedroom 2 (3.99m x 3.3m (13'1" x 10'10")) Bedroom 3 (4.02m x 2.13m (13'2" x 7'0")) Bathroom (2.2m x 1.66m (7'3" x 5'5")) WC (0.89m x 1.51m (2'11" x 4'11")) Gardens Generous rear gardens being moslty laid to lawn Driveway Extensive driveway providng ample off road parking for a number of vehicles Agents Notes These particulars are for guidance only.
Lovelle Estate Agency, their clients and any joint agents give notice that:- They have no authority to give or make representation/warranties regarding the property, or comment on the services, tenure and right of way of any property.
These particulars do not form part of any contract and must not be relied upon as statements or representation of fact. All measurements/areas are approximate.
The particulars including photographs and plans are for guidance only and are not necessarily comprehensive. Next Steps Successful buyers will be required to complete anti-money laundering checks.
Our partner, Hipla, will carry out the initial checks on our behalf. The current non-refundable cost is £24 inc. VAT per person.
You’ll need to pay this and complete all checks before we can issue a memorandum of sale. The cost includes obtaining relevant data and any manual checks and monitoring that might be required.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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
Agent & docs
FAQ
About 12, Mill Road, Market Rasen
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