Union Street, Market Rasen

EXCITING RENOVATION PROJECT WITH LOTS OF POTENTIAL, Spacious Terraced house in a town centre location IN NEED OF MODERNISATION being close to local amenities, offering entrance porch, lounge, kitchen diner, ground floor bathroom, 4 bedrooms, dressing room and GARDEN to rear. NO ONWARD CHAIN.
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.