4 bed terraced house for sale

Union Street, Market Rasen LN8

Investment / development opportunity – four-bedroom freehold property

A genuine refurbishment and investment opportunity with scope to add value.

Offered with no onward chain, this spacious four-bedroom terraced property occupies a town-centre position in Market Rasen and represents an excellent opportunity for investors, developers, landlords and owner-occupiers looking for a property where improvement and modernisation could unlock further value.

The property is currently in need of modernisation and offers a particularly useful layout comprising four bedrooms plus a separate dressing room, a generous lounge/diner, kitchen/diner and ground-floor bathroom.

For the investor or developer, the property offers several potential strategies, subject to the necessary permissions and consents:

Refurbishment and resale – modernise and improve the existing accommodation to create an attractive family home.

Buy-to-let investment – refurbish and retain as a rental property, with four existing bedrooms providing a strong foundation for a family rental strategy.

Reconfiguration – investigate whether the existing accommodation could be improved or reconfigured to maximise its rental or resale appeal.

Value-add project – an opportunity to acquire a property requiring modernisation and create value through specification, layout and presentation.

Longer-term investment – a freehold town-centre property with the potential to form part of an investor's wider portfolio.

The accommodation currently provides a 24'5" x 12' lounge/diner, substantial 18'2" x 11'9" kitchen/diner, ground-floor bathroom, four bedrooms and an additional 9'7" x 7'6" dressing room. There is also a private courtyard-style rear garden.
Location


The property is positioned close to the centre of Market Rasen, providing convenient access to local shops, cafés, restaurants and everyday amenities. The town also benefits from rail and bus connections, with Lincoln approximately 16 miles away and Louth approximately 15 miles away.

The location, combined with the existing four-bedroom accommodation and requirement for modernisation, makes this a property worth considering for buyers seeking a value-add residential investment opportunity.

Viewing is strongly recommended for investors, developers and refurbishment buyers wishing to assess the property's potential.

Buyers should make their own enquiries regarding planning, building regulations, permitted use, rental demand, achievable rents, resale values and any proposed alterations or reconfiguration before proceeding.

EPC rating: E.

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.

Entrance Porch (1.07m x 1.09m (3'6" x 3'7"))

Glazed entrance door

Lounge Diner (7.44m x 3.66m (24'5" x 12'0"))

Glazed window to front aspect and feature fireplace

Kitchen Diner (5.54m x 3.59m (18'2" x 11'9"))

A range of fitted wall and base units, space for cooker, stainless steel sink unit, space and plumbing for washing machine, space and plumbing for dishwasher, space for fridge freezer, radiator, tiled splash backs, vinyl flooring, uPVC entrance door, stairs to first floor accommodation and storage under

Rear Hall (0.67m x 2.2m (2'2" x 7'3"))

Ground Floor Bathroom (2.75m x 1.73m (9'0" x 5'8"))

3 piece suite comprising low level WC, pedestal hand wash basin, panelled bath with mixer shower over, tiled splash backs, window to side aspect, storage cupboard and airing cupboard housing hot water cylinder

Landing (2.66m x 0.84m (8'9" x 2'9"))

Roof void access

Bedroom 1 (3.73m x 3.77m (12'3" x 12'4"))

Double glazed window to front aspect and radiator

Bedroom 2 (3.7m x 2.77m (12'2" x 9'1"))

Double glazed window to rear aspect, radiator and wood flooring

Bedroom 3 (3.22m x 2.26m (10'7" x 7'5"))

Double glazed window to side aspect and radiator

Bedroom 4 (3.06m x 2.34m (10'0" x 7'8"))

Glazed window to side aspect and wood flooring

Dressing Room (2.93m x 2.28m (9'7" x 7'6"))

Glazed window to side aspect and storage cupboard

Garden

Courtyard style garden to rear with planted borders and metal shed

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.