3-bedroom bungalow · LN7 6SF
To rentListed 128 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
LOCATION Inverewe is situated on North Kelsey Road, on the outskirts of the popular market town of Caistor.
Caistor offers a good range of everyday amenities including independent shops, supermarkets, cafés, public houses, a doctors' surgery and pharmacy, together with the highly regarded Caistor Grammar School.
The property enjoys convenient access to the A46, providing road links to Lincoln, Grimsby and the wider region, while the surrounding Lincolnshire Wolds offer an abundance of countryside walks and outdoor pursuits.
ACCOMMODATION This substantial Detached Bungalow occupies a generous plot on the outskirts of Caistor and offers spacious, well presented accommodation throughout.
The internal accommodation comprises an Entrance Hall leading to a dual aspect Lounge Diner, which opens into the modern Kitchen/Breakfast Room with an adjoining Pantry.
An Inner Hallway provides access to Three Bedrooms and the Family Bathroom. A Rear Lobby leads from the Kitchen to the attached Double Garage, which benefits from an electric roller door.
The property offers versatile living accommodation and enjoys pleasant surroundings, making an early viewing highly recommended.
OUTSIDE The property enjoys generous wraparound gardens, predominantly laid to lawn with a variety of mature shrubs and borders.
To the front there is a substantial hardstanding area providing ample off-street parking, leading to the attached Double Garage with electric roller door.
Additional parking is available to the side of the property.
RENT AND DEPOSIT The asking Rent for the property is £1,400.00 per calendar month and the Tenancy Deposit is £1,615.00 (equal to 5 weeks' rent). The Holding Deposit for this property is £320.00.
Included within the rent is a regularly six weekly window cleaner, and routine garden maintenance. ASSURED PERIODIC TENANCY The property will be let on an assured periodic tenancy (rolling monthly).
The landlord is seeking a tenant for longer-term occupation. 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 was implemented in May 2026 and affects 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 North Kelsey Road, Caistor, Market Rasen
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