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 work3-bedroom house · LN8 5RD
Sold STCListed 110 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Stunning and Fully Refurbished, Extended Semi Detached Cottage backing onto Open Countryside. Situated off a Private Lane in a Quiet and Tucked Away Location within the Popular Village of Wragby.
This historic town has a myriad of local services at your finger tips and all within easy reach, they include a Co-Op Food Store, Pubs, Doctors, Leisure Centre with Swimming Pool, a Large Selection of Independent Shops and Primary School.
If you need Secondary Schooling, these can be found in Horncastle which is around ten miles and boasts the Queen Elizabeth's Grammar School or the City of Lincoln which is under thirteen miles away, both having regular bus services.
There is also the Wragby Country Show and Fayre which is an annual event bringing together families, friends and neighbours with live music and a vast array of other activities.
This Pristine Cottage is like a brand new home with Modern Styling, Sleek Lines and Open Plan Living, it also has Versatile Accommodation which could work as Three or Four Bedrooms.
It is warmed by Oil Fired Central Heating and the warmth is retained with the help of uPVC Double Glazing.
The Kitchen Area has been re-fitted with contrasting grey units, there is a newly Ground Floor Shower Room and First Floor Bathroom plus a Large Utility Room and Walk-in Pantry plus Additional Walk-In Store Room.
The Fantastic Accommodation Comprises; Living/Dining/Kitchen and Family Area, Walk-In Pantry, Utility Room, Ground Floor Shower Room, Walk-In Store Room and Separate Sitting Room or Ground Floor Fourth Bedroom.
On the First Floor there are Three Good Sized Bedroom and a Bathroom. It is Offered For Sale with No Onward Chain.
Living Area - 4.50m maximum x 3.81m maximum (14'9 maximum x 12'6 - Approached through uPVC panelled entrance door with two double glazed inserts and a double glazed side screen.
Feature fireplace with brick surround, wood beam and flagstone tiled hearth. Double radiator.
Door to Separate Sitting Room/Ground Floor Fourth Bedroom and open plan to:- Dining Area - 2.57m x 4.90m (8'5 x 16'1) - Radiator.
Door to Utility Room and open plan to:- Re-Fitted Kitchen/Breakfast/Family Area - 5.97m x 4.95m (19'7 x 16'3) - Contrasting range of newly installed pale and darker grey wall and base units.
Dark grey run of worksurfaces with inset white enamel, single drainer sink top. Built-in electric oven, hob and concealed extractor hood. Built-in dishwasher, fridge and freezer.
Windows to the front and rear. Double glazed, double doors to the rear garden. One double and one single radiator. Access to loft space.
Door to:- Walk-In Pantry - 1.27m x 2.36m (4'2 x 7'9) - Window to front. Pale grey marble effect tiled floor.
Utility Room - 3.20m x 2.69m (10'6 x 8'10) - Roll-top matching worksurfaces with inset single drainer, stainless steel sink top. Oil fired boiler. Pale grey marble effect tiled floor. Velux rooflight.
Half uPVC panelled and half double glazed door to rear garden with matching side screen. Door to:- Re-Fitted Ground Floor Shower Room - White suite of corner shower cubicle.
Trough style sink in white high-gloss finish vanity unit with double cupboard under. Low level W.C. Radiator. Window to rear.
Pale grey marble effect tiled floor and contrasting grey tiling to water sensitive areas. Radiator. Door to:- Walk-In Store/Linen Cupboard - 0.84m x 2.08m (2'9 x 6'10) - Radiator.
Pale grey marble effect tiled floor. Separate Sitting Room/Ground Floor Fourth Bedroom - 3.45m x 3.61m minimum (11'4 x 11'10 minimum) - Double radiator. Window to front.
First Floor Landing - Radiator. Access to loft. Doors off. Bedroom One - 3.43m x 3.61m minimum (11'3 x 11'10 minimum) - Window to front. Double radiator. Built-in wardrobe/cupboard.
Bedroom Two - 3.05m x 3.45m (10'0 x 11'4) - Window to side. Radiator. Bedroom Three - 2.57m maximum x 3.84m maximum (8'5 maximum x 12'7 - Windows to the front and rear. Radiator.
Re-Fitted First Floor Shower Room - White suite of corner shower cubicle. Low level W.C. Trough style sink in white, high-gloss finish vanity unit with double cupboard under.
Pale grey marble effect tiled floor and contrasting grey tiling to water sensitive areas. Window to rear. Radiator.
Front Garden & Parking - Gravelled driveway with parking for around five to six cars. Raised flower border. Rear Garden - Raised lawned area.
Additional Information - Tenure: Freehold EPC Rating: T.B.C. Council Tax Band: C - East Lindsey Services: Mains Electric, Water and Drainage. Oil fired central heating.
Broadband: Currently None Connected
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
Agent & docs
FAQ
About Horncastle Road, Wragby, Market Rasen
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