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See how verdicts work4-bedroom bungalow · LN8 3SH
For saleReduced £20k (−5.1%) on 26 OctListed 489 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
NO ONWARD CHAIN - A larger than average four bedroomed detached family bungalow located in the popular village of Faldingworth, which lies to the north of the historic Cathedral and University City of Lincoln and just south of the Market Town of Market Rasen.
The property has spacious living accommodation to Reception Hallway, Lounge, Conservatory, Dining Kitchen, Utility Room, WC, Family Bathroom, Master Bedroom with En-suite facilities and three further Bedrooms (one bedroom is currently being used as a Study and one as a Dining Room).
Outside the property is approached via a blocked paved driveway with mature shrubs and trees to the front.
To the side of the property there is a lawned garden, concealed gas tank, detached double garage with workshop to the rear, vegetable plots and greenhouse.
There is a formal lawned garden to the rear of the property with mature shrubs and trees and backs onto a tree lined churchyard. The property is being sold with No Onward Chain.
LOCATION The property is situated in the sought after rural village of Faldingworth which has a village primary school and public house.
Faldingworth lies on the A46 road between Market Rasen and Lincoln.
Market Rasen is a small market town offering a range of shopping and schooling facilities to include primary school, De-Aston comprehensive school, railway link to mainline stations, golf club and Lincolnshire's only racecourse.
The Historic City of Lincoln, the port of Grimsby, the Humber Bank, Humberside International Airport, Doncaster Airport and the A1 road link and M180 motorway link are within commuting distance.
SERVICES Mains electricity, water and drainage. Calor Gas Central Heating. The property also benefits from Solar Panels.
RECEPTION HALLWAY With leaded UPVC window and door to the front aspect, doors to the family bathroom, kitchen, lounge and four bedrooms, radiator, Karndean flooring and access to the roof void.
BEDROOM 1 14' 10" x 12' 1" (4.54m x 3.70m) , with walk-in double glazed UPVC leaded bay window to the front aspect, radiator, door to en-suite and fitted wardrobes.
EN-SUITE 8' 3" x 5' 10" (2.52m x 1.79m) , with UPVC double glazed leaded window to the side aspect, suite to comprise of shower, WC and wash hand basin with vanity cupboard, partly tiled walls and radiator.
BEDROOM 2 12' 1" x 11' 5" (3.69m x 3.48m) , with UPVC double glazed leaded window to the front aspect, radiator and fitted bedroom furniture.
BEDROOM 3 12' 9" x 10' 7" (3.90m x 3.24m) (currently being used as a Dining Room), with UPVC double glazed leaded window to the side aspect and radiator.
BEDROOM 4 8' 11" x 10' 5" (2.74m x 3.20m) (currently being used as a Study), with UPVC double glazed leaded window to the front aspect and radiator.
FAMILY BATHROOM 8' 2" x 12' 2" (2.51m x 3.72m) , with UPVC double glazed leaded window to the side aspect, suite to comprise of bath, separate shower cubicle, WC and wash hand basin, partly tiled walls, fitted vanity cupboards, radiator and airing cupboard.
LOUNGE 18' 1" x 12' 2" (5.53m x 3.71m) , with UPVC double glazed leaded windows to the side aspect, UPVC double glazed leaded windows and double doors to the conservatory, wall lights, gas fire with marble hearth and wooden surround and a radiator.
CONSERVATORY 10' 5" x 12' 5" (3.20m x 3.80m) , with double glazed windows and doors to the rear aspect, power, lighting and radiator.
KITCHEN DINER 14' 11" x 11' 10" (4.55m x 3.62m) , with UPVC double glazed leaded window overlooking the rear garden, doors to the utility room and reception hallway, fitted with a range of base units and drawers with work surfaces over, composite sink unit and drainer with mixer tap above, integral oven and grill, four ring hob with extractor fan, integral dishwasher, space for fridge, wall mounted units with complementary splashbacks and radiator.
UTILITY ROOM 12' 9" x 9' 10" (3.91m x 3.00m) , with UPVC double glazed leaded window to the rear aspect, door to the rear aspect, fitted with base units with work surfaces over, space for automatic washing machine, a wall mounted calor gas central heating system and door to WC.
WC With WC, wash hand basin, partly tiled walls and radiator. DOUBLE GARAGE 17' 5" x 18' 9" (5.31m x 5.73m) , with two electric doors to the front aspect, door to the side aspect, power and lighting.
WORKSHOP 9' 6" x 17' 2" (2.92m x 5.25m) , with two UPVC windows overlooking the rear garden, door to the side aspect, power and lighting.
OUTSIDE To the front of the property there is an elevated block paved driveway with mature shrubs and trees.
To the side of the property there is a lawned garden, concealed gas tank, detached double garage with workshop to the rear, vegetable plots, greenhouse, and views over farmland.
The property also backs onto an idyllic, tree lined churchyard. There is a formal lawned garden to the rear of the property with flowerbeds, mature shrubs, trees, and paved seating areas.
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
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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 Stocks Lane, Faldingworth, Market Rasen
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