2-bedroom flat · LN8 3EN
Listing removedReduced £55 (−7.3%) on 18 AprListed 199 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
LOCATION Queen Street is situated in the market town of Market Rasen, the property is close to a range of shops, cafés, and local amenities, including supermarkets, banks, and a weekly market.
Well-regarded primary and secondary schools are nearby, with excellent road links via the A46 providing easy access to Lincoln and surrounding villages.
The area is surrounded by attractive countryside, offering walks and outdoor leisure opportunities.
ACCOMMODATION This well presented, First Floor Apartment benefits from a Private Entrance with stairs rising to the First Floor Landing.
The spacious Hall provides access to the Living Room, Bedroom One, Kitchen, Bedroom Two, WC and Bathroom with bath and overhead shower.
The layout allows for a practical and open flow throughout the apartment. OUTSIDE On street parking is available in the area, with a communal courtyard to the rear.
RENT AND DEPOSIT The asking Rent for the property is £750.00 per calendar month and the Tenancy Deposit is £865.00 (equal to 5 weeks' rent). The Holding Deposit for this property is £170.00.
TENANCY TERM The Landlord's preference is to let the property with a 12 month minimum/fixed term. ADDITIONAL FEES There are no application fees payable.
You will be required to pay a Holding Deposit equal to one weeks rent to secure the property.
More information on charges to Tenants can be found on our website - VIEWINGS By prior appointment through Mundys.
THE RENTERS RIGHTS ACT 2025 New legislation is to be implemented in May 2026 and will affect existing and new tenancies. More information on the changes is available at:
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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
Agent & docs
FAQ
About Queen Street, Market Rasen
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