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Normanby Rise, Claxby, Market Rasen LN8 - Image 1
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Normanby Rise, Claxby, Market Rasen LN8

East Midlands

£380,000
Listed on 26/03/2026

Property Details

Bedrooms
3
Type
Detached Bungalow
Area
1501 sqft

Description

This spacious detached bungalow, set on approximately 1.39 acres of land, presents a unique opportunity for renovation enthusiasts and investors alike. Located in the tranquil village of Claxby, amid stunning views and natural beauty, the property features three generous double bedrooms and ample living space that allows for customization to suit modern living standards. The expansive grounds include a rear garden and a paddock area, perfect for equestrian pursuits or additional outdoor projects. Internally, the layout comprises an entrance hall leading to a large lounge and dining room, a kitchen with potential for updating, a practical utility room with external access, and a family bathroom that could benefit from modernisation. Each room offers flexibility in design choices for those looking to enhance the property further. With its desirable location near the Lincolnshire Wolds Area of Outstanding Natural Beauty, this bungalow offers not only privacy but also significant potential for transformation into a dream home while capitalising on the possibility of future value increase through renovations. Local amenities are within easy reach in nearby market towns, adding to the appeal of this investment opportunity.

Investment Analysis

(LN8 area)

Above Market Value

This property is priced +10.9% above area average per sq ft

+10.9%
This Property
£253/sq ft
Area Average
£228/sq ft
Avg Rent (weekly)
£203
Avg Yield
3.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£40,000 - £70,000
Target Value
£376,781
10% above area average per sq ft
Potential ROI
-16.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
19
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (LN8)

Area prices are falling by -5.1% over the last 12 months
3 year growth: -4.4%
5 year growth: +9.1%
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

Normanby Rise, Claxby, Market Rasen LN8
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Mortgage Calculator

£
£
£
%
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years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£1,346
Based on a loan of £285,000 over 30 years at 3.91% 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.

Price History

-2.6% since listed
£380,000£10,000(-2.6%)
26/03/2026
Current price
£390,000Initial listing
18/11/2025

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