We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom bungalow · LN8 3GB
No longer listedListed 108 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
2 bedroom detached bungalow in popular residential location. Spacious accommodation comprising entrance hall, lounge, kitchen diner, 2 double bedrooms, ensuite and bathroom.
Generous rear garden, garage & driveway - no onward chain EPC rating: B.
Situation Market Rasen is a small historic Market Town which boasts bustling streets, local shops selling local produce, friendly pubs and stunning surrounding countryside.
Facilities are excellent and besides the thriving shopping centre there's a police station, fire and ambulance stations, railway station, excellent schooling, doctor's surgery, good access to nhs dentists and a library.
On top of all that, there's a racecourse the only one in Lincolnshire and a golf course, and a fair number of new residential developments which have brought in new residents to this pleasant corner of Lincolnshire.
This bustling town has become increasingly popular with commuters, not only because of its easy road access but also because of its rail links to Grimsby & Lincoln which now has direct trains to London.
Equally, because it's one of the western gateways to the Lincolnshire Wolds, you don't need to go far to find quiet roads, pleasant footpaths and beautiful countryside.
Entrance Hall (1.44m x 4.72m (4'9" x 15'6")) Composite entrance door, radiator, storage cupboard and roof void access Lounge (4.7m x 3.79m (15'5" x 12'5")) Double glazed window to front aspect and 2 radiators Kitchen Diner (5.14m x 3.07m (16'10" x 10'1")) A range of fitted wall and base units, space and plumbing for washing machine, stainless steel sink unit, electric oven, 4 ring hob, vinyl flooring, 2 double glazed windows to rear aspect, radiator and rear entrance door Bedroom 1 (3.92m x 3.79m (12'10" x 12'5")) Double glazed window to front aspect, radiator and fitted wardrobes Ensuite (2.65m x 1.96m (8'8" x 6'5")) 3 piece suite comprising low level WC, pedestal hand wash basin, shower cubicle, tiled splash backs, vinyl flooring, heated towel rail and double glazed window to front aspect Bedroom 2 (3.88m x 2.65m (12'9" x 8'8")) Double glazed window to rear aspect and radiator Bathroom (2.58m x 2.22m (8'6" x 7'3")) 3 piece suite comprising low level WC, pedestal hand wash basin, panelled bath with mixer shower over, tiled splash backs, vinyl flooring, heated towel rail and double glazed window to rear aspect Gardens Occupying a generous plot with gardens to both front and rear.
Being mostly laid to lawn with paved patio Garage Up and over door, power and lighting Driveway Tarmac driveway providing ample off road parking for a number of vehicles and ev charger Agents Notes These particulars are for guidance only.
Lovelle Estate Agency, their clients and any joint agents give notice that:- They have no authority to give or make representation/warranties regarding the property, or comment on the services, tenure and right of way of any property.
These particulars do not form part of any contract and must not be relied upon as statements or representation of fact. All measurements/areas are approximate.
The particulars including photographs and plans are for guidance only and are not necessarily comprehensive. Next Steps Successful buyers will be required to complete anti-money laundering checks.
Our partner, Hipla, will carry out the initial checks on our behalf. The current non-refundable cost is £24 inc. VAT per person.
You’ll need to pay this and complete all checks before we can issue a memorandum of sale. The cost includes obtaining relevant data and any manual checks and monitoring that might be required.
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.
Area
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FAQ
About 1, Derby Close, Market Rasen
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