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 3UD
For saleListed 7 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
DETATCHED BUNGALOW IN POPULAR VILLAGE LOCATION. Spacious accommodation comprising entrance hall, lounge diner, kitchen, conservatory, 2 double bedrooms & wet room.
Gardens front and rear, Garage & driveway. NO ONWARD CHAIN EPC rating: D.
Tenure: Freehold, Location Middle Rasen itself is home to the 12th Century ‘St Peter’s Church’, Middle Rasen Primary School which has gained a ‘Good’ rating from Ofsted, Nags Head Public House and locally owned and run Post Office / local shop.
Middle Rasen really is a little gem of a village. Friendly & welcoming community spirit that really does feel like home. The neighbouring Market Town of Market Rasen is just a short drive away.
Charles Dickens once described Market Rasen as ‘the sleepiest town in England’ These days it is a bustling market town with a varied selection of friendly independent shops, regular markets and an abundance of places to eat and drink.
Situated on the edge of the town, is the wonderful market Rasen Racecourse. This is a top national hunt course and attracts some of the best horses & jockeys in the country.
It is well worth a visit whether you fancy a flutter or just want to experience the exciting atmosphere of a race day.
Entrance Hall 3.11m x 1.14m (10'2" x 3'9") glazed entrance door, radiator and roof void access Lounge Diner 3.6m x 4.66m (11'10" x 15'3") double glazed bow window to front aspect, radiator and feature fire place Kitchen 3.4m x 2.68m (11'2" x 8'10") a range of wall and base units, breakfast bar, space and plumbing for washing machine, stainless steel sink unit, space for cooker, space for under counter fridge, wall mounted gas boiler, tiled splash backs, tiled flooring, radiator and double glazed window to rear aspect Conservatory 1.91m x 2.72m (6'3" x 8'11") double glazed windows to all aspects, tiled flooring and uPVC French doors to rear Bedroom 1 3.03m x 3.59m (9'11" x 11'9") double glazed window to rear aspect, radiator, laminate flooring and fitted wardrobes Bedroom 2 3.41m x 2.55m (11'2" x 8'4") double glazed window to front aspect and radiator Wet Room 2.24m x 1.62m (7'4" x 5'4") low level WC, hand wash basin, shower, splash backs, vinyl flooring, radiator and double glazed window to side aspect Gardens Benefiting from gardens front and rear, the front garden being laid to lawn with planted shrubs.
The garden is mostly laid to patio with planted shrubs Driveway generous driveway providing ample off road parking for a number of vehicles Garage 2.52m x 5.16m (8'3" x 16'11") up and over door, power and lighting 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 Dovecote, Middle Rasen, LN8
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