2-bedroom bungalow · LN8 3XL
For saleReduced £54k (−12%) on 10 OctListed 205 days
Opportunity summary
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About
An extremely rare opportunity to purchase this unique stone built detached single storey cottage which has been extended to the rear and enjoys approx.
8.5 acres (sts) of rolling Lincolnshire Wolds land positioned directly behind the property.
The property is located within the sought-after Lincolnshire Wolds village of Tealby and is within walking distance of the village centre.
The property is also conveniently located for easy access into the nearby market town of Market Rasen, together with the popular town of Louth.
The cottage enjoys outstanding open views across the surrounding countryside and rolling hillsides, particularly from the impressive rear extension which features floor-to-ceiling glazing overlooking the land.
Internally, the property offers accommodation comprising of an entrance hallway, lounge, kitchen, shower room and two bedrooms.
Description An extremely rare opportunity to purchase this unique stone built detached single storey cottage which has been extended to the rear and enjoys approx.
8.5 acres (sts) of rolling Lincolnshire Wolds land positioned directly behind the property.
The property is located within the sought-after Lincolnshire Wolds village of Tealby and is within walking distance of the village centre.
The property is also conveniently located for easy access into the nearby market town of Market Rasen, together with the popular town of Louth.
The cottage enjoys outstanding open views across the surrounding countryside and rolling hillsides, particularly from the impressive rear extension which features floor-to-ceiling glazing overlooking the land.
Internally, the property offers accommodation comprising of an entrance hallway, lounge, kitchen, shower room and two bedrooms.
To the rear of the property there is a superb garden room extension designed to take full advantage of the countryside views, together with an adjoining utility area.
Externally, the property benefits from a generous grass frontage which could be utilised as additional garden space together with a smaller garden area to the side of the property.
The adjoining land extends to approx. 8.5 acres (sts) and provides a rare opportunity for buyers seeking a property with land within the Lincolnshire Wolds.
The property is being sold with no onward chain.
Location Tealby is a village and civil parish in the West Lindsey district of Lincolnshire situated on the edge of the Lincolnshire Wolds and 3 miles north-east from Market Rasen.
The village has a public house, tennis and bowls club, a school, village shop, a tea room and offers many pleasant walks in the surrounding countryside.
Hallway With timber external door, exposed floorboards, storage cupboards, electric radiator and opening into the kitchen.
Lounge 12' 5" x 11' 10" (3.78m x 3.61m) With two timber double glazed windows, feature fireplace and electric radiator.
Kitchen 10' 3" x 4' 11" (3.12m x 1.5m) With exposed floorboards and timber double glazed window.
Fitted with a range of wall and base units with work surfaces over, stainless steel sink, integrated oven and four ring ceramic hob with stainless steel splashback, space for fridge and electric radiator.
Garden room 20' 0" x 7' 7" (6.1m x 2.31m) With double glazed windows and doors overlooking the land and surrounding countryside, solid wood flooring and spotlighting.
Utility room 7' 10" x 5' 7" (2.39m x 1.7m) With tiled flooring, base units with work surface over, plumbing and spaces for washing machine and dishwasher and extractor fan.
Bedroom 1 12' 4" x 8' 11" (3.76m x 2.72m) With timber double glazed window and electric radiator. Bedroom 2 12' 6" x 8' 2" (3.81m x 2.49m) With timber double glazed window and electric radiator.
Shower room 6' 3" x 4' 11" (1.91m x 1.5m) With timber double glazed window, vinyl flooring, low level WC, wash hand basin, walk-in shower with panelled surround, extractor fan and electric radiator.
Outside To the front of the property there is a lawned garden and a variety of mature shrubs and trees. To the left hand side of the property there is a lawned garden with a paved area with hedging.
To the right hand side of the property there is a section of driveway which also provides gated access into approximately 8.5 acres (sts) of rolling land to the rear.
This section of driveway is accessed with a right of way over a sectional driveway owned by an adjacent property.
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.
Area
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FAQ
About Field Cottage, 8, Rasen Road, Market Rasen
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