3-bedroom bungalow · LN8 2EB
To rentListed 13 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Front Street, Normanby-By-Spital, Market Rasen, Lincolnshire, Ln8 2Eb Upon entering the bungalow, you are welcomed into a beautifully refurbished home which has been finished to a high standard throughout.
The heart of the property is the impressive open-plan kitchen, dining and living space, creating a bright, spacious and sociable setting for everyday living and entertaining.
The modern kitchen is fitted with a range of contemporary units, a breakfast island and integrated appliances including a fridge freezer, washing machine, dishwasher, electric oven and hob, while patio doors provide direct access outside.
The property offers three well-proportioned bedrooms, providing plenty of flexibility for a range of living arrangements, whether used as sleeping accommodation, guest rooms or a home office.
Completing the internal accommodation is a modern family bathroom fitted with a three-piece suite comprising WC, vanity wash hand basin and panelled bath with shower over.
The property further benefits from oil-fired central heating and double glazing throughout.
Externally, the bungalow occupies a generous, slightly elevated plot with a large lawned area and excellent off-road parking.
Two separate gravelled driveways provide parking for multiple vehicles, with the larger driveway leading to a substantial double garage benefiting from an electric garage door, power and lighting.
The garage also includes an additional area offering useful storage or potential home office space.
To the rear is a low-maintenance gravelled garden with access available down both sides of the property.
Located in the village of Normanby-by-Spital, the property is ideally positioned for those looking to enjoy village living while remaining within convenient reach of Lincoln and Market Rasen.
The village itself benefits from a local primary school, shop, Post Office and public house, with the A15 approximately two miles away providing convenient connections to the surrounding area.
Tenancy term The Landlord's preference is to let the property long term.
Rental amount - £1,500 pcm - please note you will be required to pay one month's rent upon move in Deposit - 5 weeks rent of the agreed rental price - this must be paid before moving in Council tax band - D EPC rating - D Unfurnished Available date - 16/10/2026 Additional fees There are no application fees payable.
You will be required to pay a Holding Deposit equal to one week's rent to secure the property.
Lettings Disclaimer These particulars are intended to give a fair description of the property but their accuracy cannot be guaranteed, and they do not constitute an offer of contract.
We should make you aware of the following guidance or limitations.
- Money laundering regulations – prospective tenants will be asked to produce identification documentation during the referencing process and we would ask for your co-operation in order that there will be no delay in agreeing a tenancy.
- The information/text, photographs and floor plans are for guidance only and are not necessarily comprehensive. - Measurements are approx room sizes and are only as general guidance.
You must verify the dimensions carefully to satisfy yourself of their accuracy and we recommend you measure the property yourself for any furnishings or specific requirements within the rooms.
- You should make your own enquiries regarding the property, particularly in respect of furnishings to be included/excluded and what parking facilities are available.
- Before you enter into any tenancy for one of the advertised properties, the condition and contents of the property will normally be set out in a tenancy agreement and inventory.
Please make sure you carefully read and agree with the tenancy agreement and any inventory provided before signing these documents.
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.
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.
Area
Agent & docs
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FAQ
About Lucaya, Front Street, Market Rasen
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