2-bedroom house · LN8 3NR
Listing removedListed 185 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Modern well presented terraced house, close to local amenities, offering spacious accommodation comprising kitchen diner, wc, lounge, 2 bedrooms and bathroom.
With allocated parking and no onward chain - an ideal investment or first time buy EPC rating: C.
Situation 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.
Kitchen Diner (2.65m x 3.83m (8'8" x 12'7")) UPVC entrance door, a range of fitted wall and base units, breakfast bar, space and plumbing for washing machine, stainless steel sink unit, electric oven, 4 ring hob, wall mounted gas boiler, tiled splash backs, tiled flooring, radiator, storage cupboard and double glazed window to rear aspect WC (0.88m x 1.46m (2'11" x 4'9")) Low level WC, hand wash basin, tiled splash backs, xpelair, and tiled flooring Lounge (3.65m x 3.53m (12'0" x 11'7")) Double glazed window to front aspect, radiator, laminate flooring and stairs to first floor accommodation Landing (1.88m x 1.84m (6'2" x 6'0")) Roof void access Bedroom 1 (2.6m x 3.53m (8'6" x 11'7")) Double glazed window to front aspect and radiator Bedroom 2 (1.63m x 3.82m (5'4" x 12'6")) Double glazed window to rear aspect and radiator Bathroom (1.75m x 1.83m (5'9" x 6'0")) 3 piece suite comprising low level WC, pedestal hand wash basin, panelled bath with electric shower over, tiled splash backs, humidity sensor extractor fan, laminate flooring, radiator and double glazed window to rear aspect Allocated Parking To the rear of the property is off street parking providing ample parking for a number of vehicles Investment Opportunity The property has been utilised as a successful rental property during the current owners ownership.
The property is fully legally compliant, and we would anticipate a rental figure of £650 - £675 per calendar month to achieve a gross yield of 6.6 - 6.8% 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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisors before making any investment decisions.
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 2 Blacksmiths Court, Oxford Street, Market Rasen
Explore nearby