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Buslingthorpe Road, Market Rasen

East Midlands

£315,000

Listed on 18/10/2025

Property Details

Bedrooms
4
Type
Detached Bungalow
Area
1069 sqft

Description

This distinctive detached bungalow is set on an impressive plot in a semi-rural area, boasting picturesque countryside views. Despite its well-maintained condition, the property presents excellent opportunities for modernization and reconfiguration, subject to obtaining the necessary planning permissions. The layout includes an entrance porch leading to a hallway, a 14' lounge with an open fireplace, a dining room that can double as a fourth bedroom, and a kitchen with scenic garden views. Additionally, there are three further double bedrooms and a spacious bathroom. The exterior features ample parking space provided by a tarmac driveway, a substantial 30' tandem garage for storage or workshop use, and a large rear garden primarily laid to lawn. With no chain involved, this property is ideal for those looking to add value through thoughtful renovations.

Investment Analysis

(LN8 area)

Above Market Value

This property is priced +28.9% above area average per sq ft

+28.9%
This Property
£295/sq ft
Area Average
£229/sq ft
Avg Rent (weekly)
£200
Avg Yield
3.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£268,870
10% above area average per sq ft
Potential ROI
-24.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
21
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (LN8)

Area prices are falling by -4.7% over the last 12 months
3 year growth: -5.0%
5 year growth: +6.8%
Investment Disclaimer: Analysis based on LN8 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Buslingthorpe Road, Market Rasen
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£1,124
Based on a loan of £236,250 over 30 years at 3.97% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Stamp Duty Calculator

Price History

-3.1% since listed
£315,000£10,000(-3.1%)
06/11/2025
Current price
£325,000Initial listing
17/10/2025

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