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1 bed flat for sale Union Street, Market Rasen, LN8

Asking price

£69,500

Reduced on 28/09/2026

Type: Flat
Bedrooms: 1
Bathrooms: 1
Size: £211 per sq ft
Tenure: Leasehold

Service charge £592 a yearGround rent £573 a year Council tax Band A £1,570 a year

* From the agent's description. Check it with them before you rely on it.

Key features

INVESTMENT OPPORTUNITY
Tenant in Situ - 9.8% Gross Yield
Fully Compliant Property
Ground Floor Apartment
Town Centre Location
Close to Local Amenities
Entrance Hall, Lounge Diner, Kitchen
1 Double Bedroom & Bathroom
NO ONWARD CHAIN

About this property

INVESTMENT OPPORTUNITY 9.8% GROSS YIELD – TENANTED 1-BEDROOM GROUND FLOOR APARTMENT*

We are pleased to offer for sale this ground floor 1 BEDROOM APARTMENT. Situated in the heart of Market Rasen. Close to all local amenities in popular market town of Market Rasen. Comprising entrance hall, lounge diner, kitchen, bedroom and bathroom *

Floorplan

Council tax

Band A £1,570 a year

Per year

Band A

This home: £1,570
Band B

£1,831
Band C

£2,093
Band D

£2,354
Band E

£2,877
Band F

£3,401
Band G

£3,924
Band H

£4,709

This home is in band A, which costs £1,570 a year in West Lindsey for 2026/27.

Figures from MHCLG (Open Government Licence v3): the average bill for each band across West Lindsey, including the typical parish precept, so a parish's own bill can differ a little. Discounts lower the bill, such as 25% off for an adult living alone. Check a home's band on GOV.UK.

Price guide

This home

£211 / sq ft

Area average (sold)

£226 / sq ft

Price per area, sold homes nearby

£141 / sq ft

£211 / sq ft

£293 / sq ft

Lowest

This home

Highest

£211 per sq ft, below the middle of recent sales in LN8 (£141–£293, 10th–90th percentile, 443 sales over 24 months).

Lowest and highest are the 10th and 90th percentiles of 443 homes sold in LN8 over the last 24 months. This home's figure uses its asking price. All sold £/sq ft in LN8 →

Location

Union Street, Market Rasen, LN8

Open map Street View

Mortgage and stamp duty

Property price £69,500

£35k £104k

Deposit10% £7,000

£0 £70k

Interest rate 4.5%

0.5% 15%

Repayment period 25 years

5 years 40 years

A £62,500 mortgage. Most lenders would want a household income of about £14,000 to support it.

A guide only, for a capital repayment mortgage. The rate you are offered and what you can borrow depend on your circumstances and a full application with a lender or broker. Your home may be repossessed if you do not keep up repayments on your mortgage.

Properties sold nearby

HM Land Registry sales nearby. Floor areas from Energy Performance Certificates where matched.

Address	Type	Sold	Size	Size	£/sq ft	Price
7, Fitzwilliam Court, Union Street Flat / maisonette	Flat / maisonette	Sept 2025	280 sq ft £189/sq ft	280 sq ft	£189	£53,000
6, Fitzwilliam Court, Union Street Flat / maisonette	Flat / maisonette	Nov 2022	689 sq ft £105/sq ft	689 sq ft	£105	£72,500
11, Fitzwilliam Court, Union Street Flat / maisonette	Flat / maisonette	Mar 2022	818 sq ft £113/sq ft	818 sq ft	£113	£92,500
6, Fitzwilliam Court, Union Street Flat / maisonette	Flat / maisonette	Feb 2022	689 sq ft £94/sq ft	689 sq ft	£94	£65,000
12, Fitzwilliam Court, Union Street Flat / maisonette	Flat / maisonette	Nov 2020	334 sq ft £174/sq ft	334 sq ft	£174	£58,000
10, Fitzwilliam Court, Union Street Flat / maisonette	Flat / maisonette	Mar 2020	474 sq ft £144/sq ft	474 sq ft	£144	£68,000
5, Fitzwilliam Court, Union Street Flat / maisonette	Flat / maisonette	Aug 2019	452 sq ft £150/sq ft	452 sq ft	£150	£68,000
4, Fitzwilliam Court, Union Street Flat / maisonette	Flat / maisonette	Jul 2019	344 sq ft £135/sq ft	344 sq ft	£135	£46,500