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Thorpe Lane, Tealby, Market Rasen - Image 1
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Thorpe Lane, Tealby, Market Rasen

East Midlands

£1,400,000
Listed on 30/12/2025

Property Details

Bedrooms
5
Type
Detached house
Area
3757 sqft

Description

This distinctive Grade II Listed farmhouse, Thorpe Farm, offers a remarkable blend of historic charm and contemporary comfort, nestled on approximately 7.88 acres of land near the picturesque village of Tealby in Lincolnshire. The property has seen careful restoration that preserves its original character while introducing modern amenities, making it an inviting and spacious residence. The central courtyard serves as a striking outdoor entertaining area with a fully-equipped kitchen, easily accessible from the main living spaces through expansive French doors. Inside, the open-plan kitchen/dining/family area features impressive vaulted ceilings and top-tier appliances, flowing seamlessly into landscaped gardens. Additional reception rooms—including a snug, formal lounge, library, and study—provide versatile spaces for family life or working from home. The extensive grounds include meticulously maintained gardens, paddocks ideal for equestrian use, and woodland areas. An attached barn presents significant potential for further conversion into additional living space or rental units (subject to planning permission). Notably, previous planning permission was granted for an innovative new build within the woodland (now lapsed), showcasing possible avenues for future development. In addition to its tranquil setting, the property is conveniently located within walking distance to local amenities and offers excellent transport links to Lincoln and Newark—with fast train services to London—making it ideal for commuters. This home is not just a residence but a canvas for further investment and expansion opportunities in a highly desirable location.

Investment Analysis

(LN8 area)

Above Market Value

This property is priced +66.0% above area average per sq ft

+66.0%
This Property
£373/sq ft
Area Average
£224/sq ft
Avg Rent (weekly)
£201
Avg Yield
3.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£100,000 - £150,000
Target Value
£927,585
10% above area average per sq ft
Potential ROI
-40.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
17
Average per month
Market Turnover
23%
Properties sold annually

Local Market Trend (LN8)

Area prices are falling by -9.2% over the last 12 months
3 year growth: -3.7%
5 year growth: +13.9%
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

Thorpe Lane, Tealby, Market Rasen
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£5,049
Based on a loan of £1,050,000 over 30 years at 4.06% 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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