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See how verdicts work4-bedroom detached house · LN8 3XX
Listing removedReduced £50k (−10%) on 28 JulListed 559 days
Opportunity summary
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About
A detached family home requiring some updating with a substantial outbuilding and generous gardens, in an idyllic Lincolnshire village setting approx. 3.5 miles from Market Rasen.
Description The property is a comfortable detached family home offering four bedrooms and light, airy living space with neutral accommodation, while outside there are extensive gardens and grounds.
The main reception room measures approx. 28ft and provides space for a seating area and a dining area.
It has a wood burning stove and a triple aspect, taking in views across the garden with sliding glass doors opening on to the rear patio area.
The ground floor also has a comfortable snug, which is ideal for a library, study or play room, while the kitchen offers modern fittings, a central island with a breakfast bar and integrated appliances, including an oven, an electric hob and an extractor hood.
Upstairs there are four well-presented double bedrooms of similar proportions, as well as a family bathroom. The bathroom has a corner bathtub and a separate shower unit.
Additionally, there is a useful storage/airing cupboard on the first-floor landing.
The house is set on a generous plot, with the driveway at the front providing ample parking and access to the integrated garage.
There is paved terracing and patio to the front and rear of the house, while beyond, the garden gently descends with rolling lawns, shaded woodland area, orchard, a pond, and a vegetable garden with raised beds.
The grounds also include the substantial workshop. This outbuilding measures almost 800 square feet and could be converted into an annexe, subject to the necessary consents.
Location The charming village of Tealby is set in a peaceful rural position, surrounded by beautiful Lincolnshire Wolds countryside.
The village has a pub, a village hall and a primary school, as well as a historic parish church.
Tealby’s village hall plays host to a range of regular activities, while the characterful village pub is a popular destination as well as a friendly local spot for a drink.
The small town of Market Rasen, approx. 3.5 miles away, providing several everyday amenities, including a good selection of shops, supermarkets and a weekly market.
The town also provides several primary schools and a state secondary. Leisure facilities in Market Rasen include a leisure centre, while there is also regular racing at Market Rasen racecourse.
The area is well connected by road, with the A46 providing routes towards Grimsby and Lincoln. Rail services can be accessed in Market Rasen and Lincoln.
Lincoln’s train station has a direct train to London (Lincoln to London Kings Cross from approximately 120 minutes). Disclaimer: All distances and journey times are approximate.
Square Footage: 2,468 sq ft Acreage: 0.92 Acres Additional Info Mains Water Electricity Mains Drainage Central Heating Electric Night Storage Heaters Local Authority: West Lindsey District Council Photographs taken March 2025 The property is located within a Conservation Area The neighbour has a right of way on the driveway.
Please note: There are restrictive covenants including not for business use and restricting building on parts of the land.
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
Agent & docs
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FAQ
About 3, Church Lane, Market Rasen
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