Perkins, George Mawer & Co says ..

Property Oracle says ..

This property presents a unique opportunity for a buyer seeking a substantial renovation project in a rural Lincolnshire setting. Located on Gallamore Lane in Middle Rasen, the property is a barn conversion currently in a state requiring complete refurbishment. The existing structure appears to be a long, single-story building, possibly an old poultry house, with substantial land surrounding it. The provided architectural plans show that planning permission has already been obtained for a conversion into a four-bedroom family home. This will require a high level of investment to fully realize. The conversion’s potential is considerable, but potential buyers should be prepared for a significant financial commitment to complete the project. The ample surrounding land offers considerable opportunities for landscaping and creating a large garden or other outdoor features. While the property’s condition needs considerable improvements, the ample land and the convenient proximity to Market Rasen and its amenities mitigate this factor, and thus the property offers a reasonable investment potential for those who are able to manage and fund the renovation project. The lack of detailed information on square footage or plot size prevents a precise assessment of value per square foot and makes a comparison with similar properties based on sqft difficult. However, nearby property prices provide context to understand this property’s pricing in the local market.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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