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See how verdicts work3-bedroom bungalow · LN8 3SH
For saleReduced £5k (−1.3%) on 10 OctListed 104 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Mead is a recently renovated three bedroom detached bungalow finished to a high standard throughout.
Occupying a generous plot, the property enjoys open field views to the rear and benefits from an air source heat pump.
Situated within the village of Faldingworth, the property is conveniently located between the historic Cathedral City of Lincoln and the popular market town of Market Rasen, both offering a range of amenities and transport links.
The accommodation comprises a porch, entrance hall, three bedrooms, family bathroom, kitchen, breakfast room, utility room, separate WC, and a spacious lounge/dining room.
Externally, the property boasts generous gardens, ample off-road parking, a garage, and a rear garden overlooking open fields.
Viewing is highly recommended to appreciate the standard of accommodation and plot on offer.
Accommodation Mead is a recently renovated three bedroom detached bungalow finished to a high standard throughout.
Occupying a generous plot, the property enjoys open field views to the rear and benefits from an air source heat pump.
Situated within the village of Faldingworth, the property is conveniently located between the historic Cathedral City of Lincoln and the popular market town of Market Rasen, both offering a range of amenities and transport links.
The accommodation comprises a porch, entrance hall, three bedrooms, family bathroom, kitchen, breakfast room, utility room, separate WC, and a spacious lounge/dining room.
Externally, the property boasts generous gardens, ample off-road parking, a garage, and a rear garden overlooking open fields.
Viewing is highly recommended to appreciate the standard of accommodation and plot on offer.
Location The property is situated in the sought after rural village of Faldingworth which has a village primary school. 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. Air Source Heat Pump.
Porch 4' 0" x 3' 8" (1.22m x 1.12m) With composite external door to the side elevation, tiled flooring and internal door leading into the hallway.
Hall With radiator, access to roof void and storage cupboard housing the hot water tank.
Bedroom 1 12' 11" x 9' 11" (3.94m x 3.02m) With radiator, uPVC double glazed window to the rear elevation and fitted wardrobes.
Bedroom 2 12' 11" x 7' 11" (3.94m x 2.41m) With radiator and uPVC double glazed window to the rear elevation.
Bedroom 3 8' 8" x 8' 4" (2.64m x 2.54m) With wood flooring, radiator and uPVC double glazed window to the side elevation.
Bathroom 8' 2" x 8' 10" (2.49m x 2.69m) With tiled flooring, radiator, low-level WC, wash hand basin within vanity unit, mirror with integral light, panel bath with mixer taps, walk-in shower with dual shower heads, large towel radiator and Velux window.
Lounge/diner 26' 10" x 13' 0" (8.18m x 3.96m) With two radiators, uPVC double glazed windows to the side and rear elevations, uPVC double glazed French patio doors leading onto the rear patio and log burner.
Kitchen 20' 4" x 11' 11" (6.2m x 3.63m) With tiled flooring throughout, dual radiators, uPVC double glazed window to the front elevation, with room opening into the breakfast room.
Fitted with a range of wall and base units with wood effect worktops over and tiled splashbacks.
Integrated five-zone Neff induction hob with extractor hood over, integrated Neff double ovens, dishwasher, ceramic sink with drainer and space for an American style fridge freezer.
Breakfast room 16' 1" x 8' 8" (4.9m x 2.64m) With wood effect flooring, radiators, triple aspect uPVC double glazed windows to the front and side elevations and large storage cupboard.
Utility room 8' 2" x 10' 1" (2.49m x 3.07m) With wood flooring, radiator, fitted with a range of wall and base units, integrated Belfast sink, plumbing for a washing machine, uPVC double glazed window to the front elevation and composite external door to the side elevation.
WC 3' 10" x 5' 5" (1.17m x 1.65m) With wood flooring, radiator, low-level WC, wash hand basin and uPVC double glazed window to the side elevation.
Garage 13' 7" x 9' 4" (4.14m x 2.84m) With electric roller door and uPVC double glazed window to the side elevation.
Outside To the front of the property there is a spacious gravel driveway providing off-road parking for multiple vehicles, wooden gates creating a secure frontage, well-maintained lawn, laurel hedging, and access to the garage.
To the rear of property, there is a large patio area with a timber-built Gazebo (3m x 4m) with felt tiled roof and decking under, well maintained lawn, over looking open fields.
There is a brick-built storage or workshop (2.4m wide x 3.6m long) with a tiled roof, UPVC window to side and timber ledged and braced door to the front with an outside tap on wall.
Internally there are 2 power points and lighting. There is a Greenhouse (1.9m wide x 2.5m long). Also, there is a Pond with an Electric pump.
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.
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FAQ
About Mead, Stocks Lane, Market Rasen
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