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See how verdicts work2-bedroom bungalow · LN8 3DZ
For saleListed 203 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A rare opportunity to purchase a spacious detached bungalow, together with a recently converted one bedroom detached self-contained annexe.
The property occupies a generous plot with open views and is set back from the road, approached via a long private driveway.
Constructed by the current owners in 1993, the bungalow offers well-planned and practical living accommodation.
Internally, the property comprises of an entrance porch leading into a central hallway with access to a kitchen diner, separate WC and utility room.
There are two well-proportioned double bedrooms and a large bathroom. The main sitting room is dual aspect, allowing for good natural light and views across the gardens.
The current owners have also converted the former garage into a fully self-contained one bedroom annexe, creating a highly versatile space.
Ideal for multi-generational living, it offers independent accommodation while remaining close to the main home.
Description A rare opportunity to purchase a spacious detached bungalow, together with a recently converted one bedroom detached self-contained annexe.
The property occupies a generous plot with open views and is set back from the road, approached via a long private driveway.
Constructed by the current owners in 1993, the bungalow offers well-planned and practical living accommodation.
Internally, the property comprises of an entrance porch leading into a central hallway with access to a kitchen diner, separate WC and utility room.
There are two well-proportioned double bedrooms and a large bathroom. The main sitting room is dual aspect, allowing for good natural light and views across the gardens.
The current owners have also converted the former garage into a fully self-contained one bedroom annexe, creating a highly versatile space.
Ideal for multi-generational living, it offers independent accommodation while remaining close to the main home.
Alternatively, the annexe provides an excellent opportunity for those working from home, running a small business or seeking a dedicated studio or office space separate from the main house.
There is also potential for use as guest accommodation or a holiday let, subject to any necessary consents, offering an additional income stream if required.
The annexe includes an open plan living kitchen dining area with a newly fitted kitchen, a double bedroom and a newly installed shower room.
It benefits from its own private garden area and underfloor heating, an independent central heating system and separate electrics.
Outside, the property is approached via a long gravel driveway with planted borders, leading to a generous gravelled parking and turning area, along with access to a detached timber garage.
The property stands within wraparound gardens to the sides and rear, which have been well-maintained by the current owners and include a variety of established plants, shrubs and trees, creating a pleasant and private setting.
The property is positioned on the edge of the market town, within walking distance of the town centre, as well as the nearby racecourse and golf course.
Viewing is highly recommended to appreciate the setting, space and flexibility on offer.
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').
Porch 5' 10" x 5' 7" (1.78m x 1.7m) With UPVC double glazed external door with matching window to the side and internal door leading into the hallway. Hall With radiator and built-in storage cupboard.
Lounge 19' 11" x 12' 0" (6.07m x 3.66m) With feature fire surround with inset gas fire, two radiators and UPVC double glazed window and sliding patio doors opening onto the rear garden.
Kitchen/diner 12' 3" x 16' 3" (3.73m x 4.95m) Fitted with a range of wall and base units with work surfaces over and panelled splashbacks, 1 1/2 bowl stainless steel sink and drainer with mixer tap, integrated double oven, four ring gas hob with extractor over, space for a fridge, radiator and two UPVC double glazed windows.
Utility room 8' 0" x 7' 7" (2.44m x 2.31m) Fitted with base units and work surfaces over with tiled splashbacks, stainless steel sink and drainer, plumbing and space for a washing machine, space for a fridge freezer, gas fired central heating boiler and water softener and UPVC double glazed window.
WC 3' 10" x 7' 7" (1.17m x 2.31m) Fitted with low level WC and wash hand basin, tiled splashback, radiator and UPVC double glazed window.
Hall bedroom 1 13' 11" x 16' 2" (4.24m x 4.93m) With two UPVC double glazed windows and radiator.
Bedroom 2 9' 8" x 10' 2" (2.95m x 3.1m) With UPVC double glazed window, fitted wardrobes, dressing table and radiator.
Bathroom 11' 7" x 8' 8" (3.53m x 2.64m) Fitted with a low level WC, wash hand basin, bath and separate shower cubicle, part tiled walls, heated towel rail, extractor fan and UPVC double glazed window.
Kitchen/diner annex 22' 0" x 11' 5" (6.71m x 3.48m) With tiled flooring and underfloor heating and fitted with a range of wall, drawer and base units with work surfaces over and complementary tiled splashbacks, stainless steel sink and drainer with mixer tap, integrated oven, electric hob with extractor over, integrated washer dryer, space for fridge freezer, breakfast bar, spotlighting, UPVC double glazed doors opening onto the patio with additional window and external door leading to a low maintenance courtyard and access to the bedroom, shower room and storage cupboard.
Bedroom annex 12' 1" x 7' 11" (3.68m x 2.41m) With UPVC double glazed window, fitted wardrobes, tiled flooring with underfloor heating, wall lighting, access to loft space and a built-in storage cupboard.
Bathroom 6' 5" x 10' 2" (1.96m x 3.1m) Fitted with low level WC, wash hand basin with storage below and walk-in shower with panelled surround, tiled flooring with underfloor heating, heated towel rail, spotlighting, extractor fan, cupboard housing the gas fired central heating boiler and water softener and UPVC double glazed window.
Outside The property is approached via a long gravel driveway with planted borders, leading to gravelled parking and turning area and access to a detached timber garage.
The property stands within its own grounds, with gardens extending to both sides and the rear. To the left hand side is a lawned area with a variety of mature shrubs and trees.
The rear garden is also laid to lawn, offering a practical and private outdoor space.
The main gardens are positioned to the right hand side of the property, being well-maintained by the current owners and predominantly laid to lawn, complemented by a wide range of established plants, shrubs and mature trees.
Steps lead up to a patio seating area which overlooks the gardens.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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
About Manyana, Legsby Road, Market Rasen
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