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 detached house · LN8 3HX
Listing removedReduced £10k (−4%) on 25 JulListed 349 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Stunning 3 bedroom detached house with Gardens, Garage & Parking for over 50's* situated on Church Mill, an exclusive development for the over 50's.
Situated close to Market Rasen town centre, within walking distance to local shops and amenities. Viewing advised to fully appreciate EPC rating: D.
Situation Market Rasen town is popular with walkers and there are great routes and trails just five minutes stroll from the town centre.
You can also head out to Willingham Woods where there are numerous trails and paths for all ages and abilities.
In the town centre you will find traditional and long-standing family run shops including ironmongers, butchers, menswear confectionery, bakery & fruit & veg as well as a weekly outdoor market.
The town boasts high-quality and award winning places to eat for all budgets. Furthermore there is excellent schooling with De Aston close by as well as good local Primary Schools.
Market Rasen is approximately 16 miles from Lincoln City and 15 miles from the market town of Louth.
There are regular bus and train services (approx 7 minute walk) with links to London via Lincoln (10 - 15 mins) and Peterborough.
Dining Room (3.72m x 2.24m (12'2" x 7'4")) UPVC front entrance door, double glazed window to front aspect, 2 radiators, stairs to first floor accommodation and fitted storage WC / Cloakroom (1.49m x 1.18m (4'11" x 3'10")) Low level WC, pedestal hand wash basin, fitted storage, tiled splash backs, radiator and double glazed window to side aspect Lounge (2.93m x 6.57m (9'7" x 21'7")) Double glazed windows to front, side and rear aspect, 2 radiators and feature fire place Kitchen (4.25m x 2.95m (13'11" x 9'8")) A range of fitted wall and base units, dishwasher, washing machine, electric oven, 4 ring hob, space for fridge freezer, wall mounted gas boiler, pantry cupboard, tiled splash backs, double glazed window to rear aspect and uPVC rear entrance door Landing (1.98m x 1.94m (6'6" x 6'4")) Double glazed window to rear aspect, radiator, airing cupboard and roof void access with ladder and light Bedroom 1 (3.34m x 3.96m (10'11" x 13'0")) Double glazed windows to front and side aspect, radiator and a range of fitted furniture Bedroom 2 (2.86m x 3.53m (9'5" x 11'7")) Double glazed window to front aspect, radiator and fitted wardrobes Bedroom 3 (2.34m x 1.96m (7'8" x 6'5")) Double glazed window to rear aspect and radiator Bathroom (1.84m x 2.92m (6'0" x 9'7")) 3 piece suite comprising low level WC, vanity hand wash basin, panelled bath with shower over, fitted storage, tiled splash backs, heated towel rail and double glazed window to rear aspect Gardens Benefitting from mature, manicured gardens with paved patio area to front, side and rear aspects Garage Up and over door, power and lighting Driveway Gravelled driveway providing extra off road parking Fees & Lease Information Ground Rent £0 / Service Charge - £1400 per annum.
Lease Length - 986 remaining. Unfortunately no pets are allowed on this development 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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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 The Gate House, 10, Caistor Road, Market Rasen
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