3-bedroom detached house · LN8 3AS
Sold STCListed 260 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Ideally positioned in a tucked away location close to the heart of Market Rasen, this modern and spacious three bedroom detached family home offers immaculate and well planned living accommodation throughout.
The property briefly comprises a welcoming Entrance Hall, Cloakroom/WC, comfortable Lounge and a contemporary Kitchen Diner.
To the First Floor is a landing leading to three well appointed Bedrooms, including a master Bedroom with En-suite Shower Room, together with a stylish four piece Family Bathroom.
Occupying a generous plot, the property benefits from a block paved driveway providing ample off street parking to the front and side.
To the rear is a deceptively spacious, fully enclosed garden which is a real highlight of the home. Viewing is highly recommended to fully appreciate the location and accommodation on offer.
LOCATION Market Rasen is a thriving Market Town situated on the edge of the Lincolnshire Wolds with the added benefit of a train station and bus services providing regular links to larger Towns and City networks.
The Town is renowned for its Golf Course and Racecourse and also has a wonderful range of local independent retail outlets, regular markets in the cobbled market square, various restaurants, boutique hotel and guest houses, public houses, library, health care providers and good local schooling; Primary Schooling - Market Rasen C of E Primary (Ofsted Graded 'Good'), Secondary Schooling - De Aston School (Ofsted Graded 'Good').
ENTRANCE HALL With staircase to the first floor, laminate flooring and radiator. CLOAKROOM/WC With close coupled WC, wash hand basin, tiled flooring and splashbacks and radiator.
KITCHEN/DINER 13' 2" x 12' 6" (4.02m x 3.83m) Fitted with a range of wall and base units with work surfaces over, 1 1/2 bowl sink with side drainer and mixer tap over, eye level electric oven, gas hob with extractor fan over, integrated fridge freezer and dishwasher, space for washing machine, tiled flooring, spotlights radiator and double glazed bay window to the front aspect.
LOUNGE 19' 5 (max)" x 13' 1 (max)" (5.92m x 3.99m) With double glazed window to the rear aspect, double glazed French doors to the rear garden and two radiators.
FIRST FLOOR LANDING With double glazed window to the side aspect and radiator. BEDROOM 1 16' 3" x 10' 3" (4.97m x 3.13m) With double glazed window to the front aspect and radiator.
EN-SUITE SHOWER ROOM Fitted with a three piece suite comprising of shower cubicle, close coupled WC and wash hand basin in a vanity style unit, tiled flooring and splashbacks, chrome towel radiator and spotlights.
BEDROOM 2 10' 3" x 9' 3" (3.13m x 2.83m) With two Velux windows to the rear aspect and radiator. BEDROOM 3 11' 10" x 8' 11" (3.63m x 2.72m) With double glazed window to the front aspect and radiator.
BATHROOM Fitted with a four piece suite comprising of panelled bath, shower cubicle, close coupled WC and wash hand basin in a vanity style unit, tiled flooring and splashbacks, chrome towel radiator, spotlights and two Velux window to the rear aspect.
OUTSIDE To the front and side of the property there is a block paved driveway providing ample off street parking for multiple vehicles.
To the rear there is a deceptively large enclosed rear garden laid mainly to lawn with patio seating area, decked seating area, flowerbeds and garden shed.
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
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FAQ
About Prospect Place, Market Rasen
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