2-bedroom bungalow · LN8 3EE
For saleListed 3 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Welcome to Ridings Park, Market Rasen where we have eight lovely homes available.
Having acquired this development from a previous developer we have made many improvements to the specification ranging from top of the range stunning kitchens (with quartz worktop, undercounter sinks, fully fitted dishwasher, washer/ dryer, oven, hob, microwave) to double patios, planted gardens, USB/C sockets, external lighting and sockets.
Importantly we provide air source heat pumps as the source of heating as otherwise if we had provided gas boilers, under current government policy they would need to be replaced with alternative heating anyway should they need replacing post 2035.
We are saving you that capital cost. We are gradually improving all the communal areas of this development. For example we are planting some 2000 bulbs by the roads leading up to these 8 units.
It is going to look stunning.
Located in the popular market town of Market Rasen, residents can enjoy a range of local amenities, independent shops, cafés, schools and transport links, all surrounded by the beautiful Lincolnshire countryside.
Your new home awaits you, providing you: LUXURY – Luxury shaker kitchens with quality quartz worktops, undermounted 1 ½ ceramic undermounted sink, brass tap and all integrated equipment including microwave, oven, washer/dryer, dishwasher, and fridge/ freezer.
MODERN – Air source heat pumps providing heat to traditional water based radiators.
As gas boilers are potentially to be banned by the government this should hopefully save the cost of replacing an old fashioned gas boiler system at some time in the future.
COSY – What is nicer than getting the visual warmth of a traditional looking stove and fireplace.
(fitted as standard in six of the homes) ALL THOSE LITTLE EXTRAS – Made of many parts we hope that you will appreciate some things that we have added to make your home a real home, ranging from two patios; outside light, outside electrical socket, USB/C sockets, self-close loo seats.
NATURE BROUGHT TO YOU – You don’t need to go straight out to the garden centre after you buy, we bring your garden to you.
All gardens include front and back lawns, hedges at front, two or more trees at rear, and shrubs at rear.
THE DEVELOPER Merchant Place Homes Limited, is part of a privately owned property group established in 1998 comprising finance companies, an investment company and various development entities.
Developments are varied, ranging from Hitachi Rails train factory built over 10 years ago now in Newton Aycliffe to a hotel in Cambridge to residential developments in Gloucester and Cirencester.
EPC Forecasted to be an EPC B taking into account the building construction such as the good insulation and the modern air source heat pump heating. WARRANTY To be provided by Checkmate.
Checkmate has been a leading brand in the structural warranty sector since its launch in 2010 and is a leading industry expert in the provision of ten year and twelve year latent defects insurance and new home warranty policies CONSUMER CODE The Consumer Code for Home Builders was introduced in April 2010 by the house-building industry.
It is there to make the home buying process fairer and more transparent for purchasers and covers every stage of the home-buying process.
Find out more at: Disclaimer haart Estate Agents also offer a professional, ARLA accredited Lettings and Management Service.
If you are considering renting your property in order to purchase, are looking at buy to let or would like a free review of your current portfolio then please call the Lettings Branch Manager on the number shown above.
haart Estate Agents is the seller's agent for this property. Your conveyancer is legally responsible for ensuring any purchase agreement fully protects your position.
We make detailed enquiries of the seller to ensure the information provided is as accurate as possible. Please inform us if you become aware of any information being inaccurate.
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.
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About The Ridings, Market Rasen
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