3-bedroom semi-detached house · LN8 6JZ
Opportunity summary
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About
An excellent opportunity to acquire an extended three-bedroom cottage occupying a substantial non-estate plot with open countryside views to the rear.
Requiring refurbishment throughout, the property offers excellent potential for extension, improvement or redevelopment, subject to the necessary planning permissions.
The accommodation includes a Lounge, Kitchen, Ground Floor Bedroom and Wet Room, two First Floor Bedrooms and a Bathroom.
Outside there is a large frontage with driveway, extensive rear garden and useful outbuilding. Conveniently located for Market Rasen, Louth and Horncastle and offered for sale with no onward chain.
LOCATION Located within the countryside of the Lincolnshire Wolds, Burgh-on-Bain is an attractive rural village offering a peaceful lifestyle surrounded by open farmland and picturesque landscapes.
Positioned approximately seven miles from both Market Rasen and Louth on the A157, the village combines countryside tranquillity with convenient access to everyday amenities and services ENTRANCE HALL With UPVC entrance door and stairs rising to the first floor.
LOUNGE/DINER 17' 9" x 10' 4" (5.41m x 3.15m) With UPVC double glazed window and radiator.
KITCHEN 17' 9" x 8' 3" (5.41m x 2.51m) With UPVC double glazed window, fitted with a range of wall, base units and drawers and a radiator.
BEDROOM 3 15' 5" x 11' 9" (4.7m x 3.58m) With UPVC external door and radiator. FIRST FLOOR LANDING With doors leading to two bedrooms and bathroom.
BEDROOM 1 17' 9" x 8' 11" (5.41m x 2.72m) With UPVC double glazed window and radiator. BEDROOM 2 13' 2" x 10' 7" (4.01m x 3.23m) With UPVC double glazed window and radiator.
BATHROOM 6' 9" x 5' 11" (2.06m x 1.8m) With UPVC double glazed window, low level WC, wash hand basin and bath.
WET ROOM 10' 8" x 6' 5" (3.25m x 1.96m) With UPVC double glazed window, low level WC, wash hand basin and walk-in shower area OUTSIDE To the front of the property there is a generous garden area together with a driveway providing off-road parking.
The rear garden extends to a substantial size and includes a useful outbuilding. The plot backs onto open countryside and enjoys attractive rural views, further enhancing the property's appeal.
The overall size of the plot offers potential for extension or redevelopment (subject to the necessary planning permissions and consents). SERVICES Mains electricity and water.
Drainage to septic tank. Oil fired central heating.
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 Mill Lane, Burgh-on-bain, Market Rasen
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