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Buslingthorpe Road, Market Rasen

East Midlands

£315,000
Listed on 18/10/2025

Property Details

Bedrooms
4
Type
Detached house
Area
1069 sqft

Description

This individual detached bungalow boasts a generous plot in a semi-rural setting, with picturesque views of the surrounding countryside. While the property has been well-maintained, it presents an opportunity for modernisation and personalization to suit contemporary tastes. With the right vision and necessary planning permissions, there is significant potential for updating, reconfiguring, or even extending the existing layout. The accommodation features an inviting entrance porch that leads into a hallway showcasing classic parquet flooring. The southeast-facing lounge measures 14' x 12'8", offering ample natural light and a charming open fireplace, perfect for cozy evenings. Adjacent to the lounge is a separate dining room that could easily serve as a fourth double bedroom if required. The kitchen benefits from garden views and includes practical wall and base units, along with space for additional appliances. Three further double bedrooms provide flexibility for families or guests, each featuring fitted wardrobes and ample light. A spacious bathroom includes both a panelled bath and tiled shower cubicle, catering to various preferences. Outside, the property offers extensive amenities including a tandem double garage measuring 30' x 12'10", equipped with power and lighting. Additionally, there's a timber workshop providing extra utility or storage options. The driveway accommodates several vehicles while the landscaped rear garden features multiple patio areas ideal for entertaining or relaxation alongside expansive lawn space overlooking the countryside. This bungalow's semi-rural location not only provides scenic tranquility but also offers proximity to local amenities and excellent transport links. Emphasizing its renovation potential, this property represents an appealing investment opportunity in an attractive area. With no onward chain, it invites buyers ready to embark on their own creative journey in transforming this home into something truly special.

Investment Analysis

(LN8 area)

Above Market Value

This property is priced +32.8% above area average per sq ft

+32.8%
This Property
£295/sq ft
Area Average
£222/sq ft
Avg Rent (weekly)
£222
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£260,932
10% above area average per sq ft
Potential ROI
-26.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
15
Average per month
Market Turnover
6%
Properties sold annually

Local Market Trend (LN8)

Area prices are falling by +13.8% over the last 12 months
3 year growth: -4.3%
5 year growth: 11.1%
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 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,154
Based on a loan of £236,250 over 30 years at 4.19% 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.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE