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Normanby Rise, Claxby, Market Rasen

East Midlands

£360,000
Listed on 11/05/2026

Property Details

Bedrooms
3
Type
Detached Bungalow
Area
1501 sqft

Description

This spacious detached bungalow, nestled within approximately 1.39 acres of serene grounds, presents a unique opportunity for those looking to invest in a property with significant potential in the charming village of Claxby. The bungalow features three generously sized double bedrooms and is set back from the road, offering both privacy and ample outdoor space ideal for various uses. The expansive gardens and paddock cater to equestrian interests or simply provide a remarkable setting for family activities. While the internal spaces—including a lounge, dining room, kitchen, porch, utility room, and bathroom—are functional, they would greatly benefit from modern updating. This allows prospective buyers the chance to apply their personal vision to create a dream home in an idyllic rural location. With local amenities just a short drive away and situated on the edge of the Lincolnshire Wolds Area of Outstanding Natural Beauty, this property combines rural tranquility with convenience. Its established plot features well-maintained lawns and mature trees that could easily be revitalised or altered according to individual preferences.

Investment Analysis

(LN8 area)

Above Market Value

This property is priced +4.9% above area average per sq ft

+4.9%
This Property
£240/sq ft
Area Average
£229/sq ft
Avg Rent (weekly)
£200
Avg Yield
3.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
Target Value
£377,524
10% above area average per sq ft
Potential ROI
-5.6%
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

Normanby Rise, Claxby, 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
£1,284
Based on a loan of £270,000 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

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