2-bedroom bungalow · LN8 3HE
Sold STCListed 1 day
Opportunity summary
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About
Superb two bedroom detached bungalow in a quiet Market Rasen cul-de-sac, within walking distance of the town centre.
Features include a kitchen, separate utility room, generous gardens, garage and driveway providing off-road parking for multiple vehicles. This property is also no onward chain.
Description 16 Orchard Way is a superb opportunity to purchase a two bedroom detached bungalow, pleasantly situated within a quiet cul-de-sac in the popular town of Market Rasen.
This property is no onward chain.
Conveniently positioned within a short walking distance of the town centre, the property offers well proportioned accommodation all arranged on one level, making it an appealing choice for a range of buyers, including those looking to downsize, first time buyers or anyone seeking single storey living.
The accommodation briefly comprises an entrance porch, hallway, two bedrooms, bathroom, kitchen and separate utility room.
Externally, the property benefits from a generous front garden, a spacious rear garden with established planting, a garage and a tarmac driveway providing off-road parking for multiple vehicles.
Location Market Rasen is a thriving Market Town situated on the edge of the Lincolnshire Wolds with the added benefit of a train station and bus services providing regular links to larger Towns and City networks.
The Town is renowned for its Golf Course and Racecourse and also has a wonderful range of local independent retail outlets, regular markets in the cobbled market square, various restaurants, boutique hotel and guesthouses, public houses, library, health care providers and good local schooling; Primary Schooling – Market Rasen C of E Primary (Ofsted Graded 'Good'), Secondary Schooling – De Aston School (Ofsted Graded 'Good').
Porch 3' 11" x 4' 3" (1.19m x 1.3m) Accessed via a composite external door to the front elevation with an internal door leading through to the hallway.
Living room 11' x 16' (3.35m x 4.88m) With radiators, uPVC double glazed bay window to front elevation and electric fireplace hallway With radiator, access to the roof void, two useful storage cupboards and doors leading to the principal accommodation.
Bedroom 1 11' 10" x 9' 11" (3.61m x 3.02m) With radiator, uPVC double glazed window to the rear elevation and built-in wardrobe space.
Bedroom 2 9' 5" x 9' 11" (2.87m x 3.02m) With radiator, uPVC double glazed window to the front elevation and built-in wardrobes.
Bathroom 6' 11" x 7' 3" (2.11m x 2.21m) Fitted with tiled flooring and walls, radiator, low level WC, wash hand basin set within a cupboard unit and a spacious walk-in shower.
A uPVC double glazed frosted window to the rear elevation provides natural light and privacy.
Kitchen/diner 10' 2" x 10' 5" (3.1m x 3.18m) Fitted with tiled flooring, radiator and a uPVC double glazed window to the rear elevation.
The kitchen comprises a range of wall and base units with work surfaces over, tiled splashbacks, an integrated stainless steel sink with drainer, integrated electric oven and gas hob with extractor fan over.
Utility room 8' 10" x 5' 1" (2.69m x 1.55m) With tiled flooring, base units and work surfaces, together with space and plumbing for a washing machine.
The room benefits from uPVC double glazed windows to the front and side elevations, along with a composite external door providing access to the rear.
Garage 17' 7" x 8' 6" (5.36m x 2.59m) The property benefits from a garage fitted with an up-and-over door, power and lighting, together with additional storage space within the loft area.
Outside front To the front of the property is a spacious, well maintained lawn with a slabbed pathway leading to the front entrance.
A tarmac driveway provides off-road parking for multiple vehicles and continues alongside the property towards the garage and rear garden.
Outside rear The generous rear garden features a well maintained lawn, established flowerbeds, mature shrubs and trees, providing an attractive outdoor space with a good degree of established planting.
Side access connects the rear garden with the front of the property and a garden shed provides additional storage
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.
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About 16, Orchard Way, Market Rasen
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