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Thorpe Lane, Tealby, Market Rasen LN8

East Midlands

£1,400,000

Listed on 11/05/2026

Property Details

Bedrooms
5
Type
Detached
Area
3757 sqft

Description

Nestled on the outskirts of the picturesque village of Tealby, this remarkable Grade II listed farmhouse presents a unique opportunity for those looking to invest in a substantial property with significant renovation potential. Thorpe Farm is set within approximately 7.88 acres of varied grounds, offering privacy and abundant outdoor space, including formal gardens and paddocks suitable for equestrian activities. The existing structure has been thoughtfully restored by its current owners, melding traditional period features with modern conveniences, yet there's ample scope for further enhancement or expansion. The home's layout revolves around an impressive central courtyard that doubles as an outdoor entertainment area, complete with a fitted kitchen. Inside, the open-plan kitchen/dining/family room boasts vaulted ceilings and underfloor heating; however, there remains potential for improvement in aesthetic finishes or reconfiguration. Multiple reception rooms provide character-filled spaces waiting to be personalized. An attached barn holds excellent possibilities for conversion into ancillary living quarters or holiday accommodations (subject to planning permission). Additionally, previously lapsed planning permission allows for the development of a contemporary home within the adjacent woodland, showcasing further investment opportunities. For those seeking to establish a countryside retreat while remaining connected to urban conveniences, Thorpe Farm enjoys easy access to local amenities in Tealby and is conveniently positioned for commuting to larger towns such as Lincoln and Louth.

Investment Analysis

(LN8 area)

Above Market Value

This property is priced +61.0% above area average per sq ft

+61.0%
This Property
£373/sq ft
Area Average
£232/sq ft
Avg Rent (weekly)
£224
Avg Yield
3.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£100,000 - £150,000
Target Value
£956,720
10% above area average per sq ft
Potential ROI
-38.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
20
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (LN8)

Area prices are falling by -4.3% over the last 12 months
3 year growth: -6.0%
5 year growth: +2.6%
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 LN8
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£5,289
Based on a loan of £1,050,000 over 30 years at 4.45% 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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