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 3BE
Listing removedListed 329 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
EXCLUSIVE SMALL DEVELOPMENT - OVER 55'S Specifically designed for retirement, this niche development offers a sense of community for the over 55's. Impeccably well presented, 2 bedroom bungalow.
Close to shops & amenities. NO ONWARD CHAIN EPC rating: C.
Tenure: Leasehold, Service charge description: £151.23 per month, Length of lease (remaining): 69 years 11 months, 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.
The town boasts high-quality and award winning places to eat for all budgets. 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.
Entrance Porch 1.03m x 1.22m (3'5" x 4'0") double glazed entrance door and radiator Lounge 5.05m x 3.91m (16'7" x 12'10") double glazed bay window to front aspect, radiator and feature fireplace Kitchen 3.57m x 2.33m (11'9" x 7'8") a range of fitted wall and base units, pantry cupboard, space and plumbing for washing machine, sink unit, space for cooker, space for undercounter fridge, radiator, tiled splash backs, vinyl flooring and double glazed window to front aspect Hallway 1.63m x 0.99m (5'4" x 3'3") roof void access and storage cupboard Bedroom 1 3.2m x 2.98m (10'6" x 9'9") double glazed window to rear aspect, radiator and fitted wardrobes Bedroom 2 / Dining Room 1.9m x 3.28m (6'3" x 10'9") uPVC entrance door, radiator and vinyl flooring Shower Room 2.03m x 2.35m (6'8" x 7'9") 3 piece suite comprising low level WC, pedestal hand wash basin, walk in shower cubicle, tiled splash backs, radiator, tiled flooring and airing cupboard housing hot water cylinder Gardens The property benefits from well maintained gardens to both the front and rear of the property.
The front garden is mostly laid to lawn with planted shrubs. The rear garden is again mostly laid to lawn with planted shrubs plants and trees and a paved patio area.
Parking There is residential parking to the front of the property.
Development Fees We have been informed by the current owner that there is a monthly fee of £151.23 payable to Sanctuary Housing Association.
This fee covers the Emergency phone line, Buildings Insurance, Window Cleaning, Gardening, and external repairs when required.
Leasehold Information 99 Year Lease from 04/10/1999 - 01/01/2096 - 71 Years Remaining. 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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
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
Agent & docs

FAQ
About Cedar Close, Market Rasen, LN8
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