3-bedroom detached house · LN8 3AD
Sold STCListed 158 days
Opportunity summary
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About
DESCRIPTION A great opportunity to purchase a recently renovated three-bedroom detached family home.
The property is located in the popular town of Market Rasen, situated on the edge of the Lincolnshire Wolds, and benefits from being within walking distance of the town centre, local amenities, shops, and transport links, including the train station.
The property offers a spacious driveway providing off-road parking for multiple vehicles, along with a garage.
Internally, the ground floor offers an open-plan kitchen dining area with French patio doors to the rear, along with a spacious living room featuring a multi-fuel log burner.
Upstairs consists of three bedrooms and a family bathroom.
To the rear of the property is a south-facing garden with a well-maintained lawn, decking, and patio area, with access to the front via the side and garage.
LOCATION Market Rasen is a thriving Market Town situated on the edge of the Lincolnshire Wolds with the added benefit of a train station and bus services providing regular links to larger Towns and City networks.
The Town is renowned for its Golf Course and Racecourse and also has a wonderful range of local independent retail outlets, regular markets in the cobbled market square, various restaurants, boutique hotel and guest houses, public houses, library, health care providers and good local schooling; Primary Schooling - Market Rasen C of E Primary (Ofsted Graded 'Good'), Secondary Schooling - De Aston School (Ofsted Graded 'Good').
HALL With a composite external door with windows to either side, slate tiled flooring throughout, radiator, door to living room, opening into kitchen diner and stairs rising to the first floor.
LIVING ROOM 12' 9" x 13' 11" (3.89m x 4.24m) With carpet throughout, radiator, uPVC double glazed window to the front elevation and a multi-fuel log burner.
KITCHEN/DINER 9' 9" x 20' 11" (2.97m x 6.38m) With slate tiled flooring, radiator, fitted with a range of base units with wooden worktops over and tiled splashbacks, integrated double Belfast sink, space for a range cooker with extractor fan over, uPVC double glazed windows to the rear elevation, uPVC double French patio doors to the rear elevation, uPVC double glazed door to the side elevation, opening to hallway and door to understairs storage.
HALL With carpet throughout, radiator, uPVC double glazed window to the side elevation, access to roof void and doors to bedrooms and bathroom.
BEDROOM 1 12' 6" x 6' 7" (3.81m x 2.01m) With carpet throughout, radiator and uPVC double glazed window to the front elevation.
BEDROOM 2 10' 0" x 10' 8" (3.05m x 3.25m) With carpet throughout, radiator and uPVC double glazed window to the rear elevation.
BEDROOM 3 7' 10" x 8' 4" (2.39m x 2.54m) With carpet throughout, radiator and uPVC double glazed window to the front elevation.
BATHROOM 5' 10" x 10' 0" (1.78m x 3.05m) With tiled flooring, radiator, low level WC, wash hand basin, panel bath with overhead shower and mixer taps and uPVC double glazed frosted windows to the rear and side elevations.
OUTSIDE With a large tarmac driveway, raised border beds and access to the rear via the side and garage. The rear garden consists of a well-maintained lawn area with secure hedgerow surround.
There is also a decking area and resin patio, with access to the garage and to the front of the property via the side.
GARAGE 15' 5" x 8' 4" (4.7m x 2.54m) With electric roller door and external door to the rear garden.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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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.
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FAQ
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