4 Bed Bungalow, Motivated Seller, Market Rasen, LN8 3UR, £560,000





ValuationOvervalued
Sold Prices | £118K - £527K |
Sold Prices/m² | £1.2K/m² - £3.9K/m² |
| |
Square Metres | ~206.50 m² |
Price/m² | £2.7K/m² |
Value Estimate | £424,847£424,847 |
Cashflows
Cash In | |
Purchase Finance | MortgageMortgage |
Deposit (25%) | £140,000£140,000 |
Stamp Duty & Legal Fees | £47,200£47,200 |
Total Cash In | £187,200£187,200 |
| |
Cash Out | |
Rent Range | £450 - £1,150£450 - £1,150 |
Rent Estimate | £695 |
Running Costs/mo | £1,909£1,909 |
Cashflow/mo | £-1,214£-1,214 |
Cashflow/yr | £-14,568£-14,568 |
Gross Yield | 1%1% |
Local Sold Prices
34 sold prices from £118K to £527K, average is £282.5K. £1.2K/m² to £3.9K/m², average is £2.1K/m².
Price | Date | Distance | Address | Price/m² | m² | Beds | Type | |
£430K | 02/21 | 0.02 mi | Stone Cottage, Moor Road, Walesby, Market Rasen, Lincolnshire LN8 3UR | £1,673 | 257 | 4 | Detached House | |
£449K | 06/21 | 1.6 mi | 3, Springfields, Tealby, Market Rasen, Lincolnshire LN8 3XP | £3,887 | 116 | 4 | Detached House | |
£495K | 01/23 | 1.6 mi | 4, Springfields, Tealby, Market Rasen, Lincolnshire LN8 3XP | £2,735 | 181 | 4 | Detached House | |
£428.5K | 04/21 | 1.65 mi | 1b, Rasen Road, Tealby, Market Rasen, Lincolnshire LN8 3XL | £2,070 | 207 | 4 | Detached House | |
£453.5K | 05/21 | 1.65 mi | 18, Rasen Road, Tealby, Market Rasen, Lincolnshire LN8 3XL | £2,234 | 203 | 4 | Detached House | |
£487K | 05/21 | 1.65 mi | Causeway Cottage, Rasen Road, Tealby, Market Rasen, Lincolnshire LN8 3XL | £3,454 | 141 | 4 | Detached House | |
£470K | 03/24 | 1.65 mi | 34a, Rasen Road, Tealby, Market Rasen, Lincolnshire LN8 3XL | £3,133 | 150 | 4 | Bungalow | |
£370K | 11/23 | 1.77 mi | 16, Cow Lane, Tealby, Market Rasen, Lincolnshire LN8 3YB | £2,782 | 133 | 4 | Bungalow | |
£360K | 05/21 | 2.18 mi | Lime Tree Lodge, Walesby Road, Market Rasen, Lincolnshire LN8 3EY | £1,809 | 199 | 4 | Detached House | |
£208K | 03/21 | 2.19 mi | 1, Plough Drive, Market Rasen, Lincolnshire LN8 3DW | £2,057 | 101 | 4 | Detached House | |
£207.5K | 08/23 | 2.19 mi | 6, Plough Drive, Market Rasen, Lincolnshire LN8 3DW | - | - | 4 | Detached House | |
£235K | 09/21 | 2.27 mi | 41, The Furlongs, Market Rasen, Lincolnshire LN8 3DF | £2,260 | 104 | 4 | Detached House | |
£238K | 05/21 | 2.35 mi | 31, Lady Frances Drive, Market Rasen, Lincolnshire LN8 3JJ | £2,505 | 95 | 4 | Detached House | |
£410K | 08/23 | 2.38 mi | 59, Waterloo Street, Market Rasen, Lincolnshire LN8 3ES | £2,113 | 194 | 4 | Detached House | |
£240K | 06/21 | 2.4 mi | 7, Plover Walk, Market Rasen, Lincolnshire LN8 3WD | £1,875 | 128 | 4 | Detached House | |
£310K | 11/22 | 2.4 mi | 2, Plover Walk, Market Rasen, Lincolnshire LN8 3WD | - | - | 4 | Detached House | |
£192K | 05/21 | 2.44 mi | 4, Anglian Way, Market Rasen, Lincolnshire LN8 3RP | £1,882 | 102 | 4 | Detached House | |
£185K | 03/21 | 2.44 mi | 10, Anglian Way, Market Rasen, Lincolnshire LN8 3RP | £1,927 | 96 | 4 | Semi-Detached House | |
£230K | 08/23 | 2.44 mi | 16, Anglian Way, Market Rasen, Lincolnshire LN8 3RP | £2,233 | 103 | 4 | Semi-Detached House | |
£350K | 08/23 | 2.44 mi | 43, Caistor Road, Market Rasen, Lincolnshire LN8 3HY | £2,672 | 131 | 4 | Detached House | |
£250K | 03/21 | 2.48 mi | 26, Jameson Bridge Street, Market Rasen, Lincolnshire LN8 3EW | £1,953 | 128 | 4 | Detached House | |
£319K | 01/21 | 2.48 mi | The Manor Bungalow, Jameson Bridge Street, Market Rasen, Lincolnshire LN8 3EW | £1,346 | 237 | 4 | Detached House | |
£205K | 05/21 | 2.49 mi | 57, Willingham Road, Market Rasen, Lincolnshire LN8 3DX | £1,454 | 141 | 4 | Semi-Detached House | |
£290K | 12/22 | 2.5 mi | South Gables, Willingham Road, Market Rasen, Lincolnshire LN8 3DN | £2,214 | 131 | 4 | Detached House | |
£345K | 09/23 | 2.57 mi | Wold View House, Bully Hill Top, Tealby, Market Rasen, Lincolnshire LN8 6JA | £2,197 | 157 | 4 | Detached House | |
£177.9K | 07/21 | 2.59 mi | 24, Chapman Street, Market Rasen, Lincolnshire LN8 3DS | £1,816 | 98 | 4 | Semi-Detached House | |
£235K | 05/21 | 2.59 mi | Elmlea, Legsby Road, Market Rasen, Lincolnshire LN8 3DY | £1,741 | 135 | 4 | Detached House | |
£118K | 08/23 | 2.6 mi | 8, Oxford Street, Market Rasen, Lincolnshire LN8 3AL | - | - | 4 | Semi-Detached House | |
£340K | 03/21 | 2.63 mi | Nashdom, Legsby Road, Market Rasen, Lincolnshire LN8 3DZ | £3,148 | 108 | 4 | Detached House | |
£275K | 02/21 | 2.7 mi | Hawthorn House, Lammas Leas Road, Market Rasen, Lincolnshire LN8 3AP | £1,211 | 227 | 4 | Detached House | |
£177.5K | 07/21 | 2.8 mi | 43, Gordon Field, Market Rasen, Lincolnshire LN8 3AD | £1,793 | 99 | 4 | Semi-Detached House | |
£245K | 12/22 | 2.89 mi | 12, Velden Way, Market Rasen, Lincolnshire LN8 3HD | - | - | 4 | Semi-Detached House | |
£250K | 03/21 | 2.91 mi | 1, Wold View, Market Rasen, Lincolnshire LN8 3DA | £1,366 | 183 | 4 | Terraced House | |
£527K | 12/20 | 2.93 mi | Lansdowne House, Linwood Road, Market Rasen, Lincolnshire LN8 3QE | £2,648 | 199 | 4 | Detached House |
Local Rents
13 rents from £450/mo to £1.1K/mo, average is £740/mo.
Rent | Date | Distance | Address | Beds | Type | |
£900 | 12/24 | 1.37 mi | Walesby Road, Market Rasen, LN8 | 2 | Semi-Detached House | |
£1,150 | 05/24 | 1.81 mi | Caistor Lane, Tealby, Market Rasen | 3 | Flat | |
£1,100 | 05/24 | 2.21 mi | Acre Close, Market Rasen | 4 | Detached House | |
£1,100 | 05/24 | 2.21 mi | Acre Close, Market Rasen, LN8 | 4 | Detached House | |
£720 | 12/24 | 2.26 mi | - | 2 | Terraced House | |
£700 | 10/23 | 2.26 mi | - | 2 | Semi-Detached House | |
£695 | 09/23 | 2.42 mi | - | 3 | Semi-Detached House | |
£695 | 09/23 | 2.42 mi | - | 3 | Semi-Detached House | |
£750 | 01/25 | 2.42 mi | - | 3 | Semi-Detached House | |
£750 | 12/24 | 2.45 mi | - | 2 | Terraced House | |
£695 | 08/23 | 2.46 mi | - | 2 | Terraced House | |
£740 | 09/24 | 2.46 mi | - | 2 | Terraced House | |
£450 | 05/24 | 2.48 mi | Jameson Bridge Street, Market Rasen, LN8 | 1 | Flat |
Local Area Statistics
Population in LN8 | 17,21917,219 |
Population in Market Rasen | 23,26723,267 |
Town centre distance | 2.72 miles away2.72 miles away |
Nearest school | 1.80 miles away1.80 miles away |
Nearest train station | 2.78 miles away2.78 miles away |
| |
Rental demand | Landlord's marketLandlord's market |
Rental growth (12m) | +58%+58% |
Sales demand | Buyer's marketBuyer's market |
Capital growth (5yrs) | +19%+19% |
Property History
Listed for £560,000
April 28, 2023
Floor Plans

Description
- Executive Detached Bungalow featuring well-proportioned living spaces. +
- Generous Plot: Situated on a 0.4 Acres STS plot in a highly desirable Village location +
- Versatile Internal Living Space +
- Modern Breakfast Kitchen, adjoining Utility Room, and Boot Room. +
- Ample Parking: External space provides ample off-road parking for multiple vehicles and Tandem Garag +
- Meticulously Maintained Grounds with Church Views +
- Solar Panels for energy efficiency. +
- Potential for Expansion: Large loft space offers endless potential, subject to necessary consents +
- Council Tax Band - F (West Lindsey District Council) +
- EPC Energy Rating - B +
NO CHAIN! Beautifully transformed throughout by the present Vendors. 'Wychaway' is a fine example of an Executive Detached Bungalow with well proportioned living accommodation, a generous plot of 0.4 Acres STS and excellently situated within this highly desirable Village location. The well planned and versatile internal living space offers Four Double Bedrooms, Two Bathrooms, WC, Study, Lounge with sliding doors to the rear Garden and feature log burner, Living Dining Room with archway leading to the modern Breakfast Kitchen, adjoining Utility Room and Boot Room. Externally there is ample off road parking for multiple vehicles and leading inturn to the Tandem Garage, and meticulously maintained wraparound grounds complete with superb views across to the Church of St Mary's, orchard area, extensive formal lawns, large paved patio and external seating areas, pond with water feature, vegetable beds, greenhouse and garden office. The property also benefits from Solar Panels and a large loft space, offering endless potential (subject to necessary consents).
LOCATION Walesby is a scenic village in the Lincolnshire Wolds Area of Outstanding Natural Beauty. Situated on the Viking Way, Walesby is popular with walkers, horse riders, cyclists and visitors to the renowned Ramblers' Church. Community spirit is strong in Walesby with its thriving village hall, Church and Neighbourhood Watch scheme. The village falls within the catchment areas of excellent primary, comprehensive and grammar schools. Midway between Lincoln and Grimsby, the village has easy access to the A46 and is within 3 miles of Market Rasen with its station, health centre, independent shops, supermarkets, race and golf courses. A half hour walk along the Viking Way leads to a tea shop and Public House in the neighbouring village of Tealby.
RECEPTION HALL 14' 1" x 12' 2" (4.31m x 3.71m) Large uPVC Entrance Door with inset glazed panel and complimenting side panels opening into the welcoming Reception Hallway having engineered oak flooring, recessed downlighting, ceiling loft access hatch and access to each Inner Hallway with door to principal rooms.
LOUNGE 20' 11" x 12' 9" (6.38m x 3.89m) Having engineered oak flooring, recessed downlighting, two radiators, uPVC window to the side elevation, uPVC sliding doors to the rear elevation and focal fireplace area with freestanding log burner.
STUDY 8' 1" x 6' 8" (2.48m x 2.05m) Having engineered oak flooring, uPVC window to the front elevation, radiator and ceiling light point.
INNER HALLWAY (LEFT) 13' 11" x 3' 4" (4.26m x 1.04m) Having engineered oak flooring, recessed downlighting, radiator and doors to Three Bedrooms, Family Bathroom and WC.
MASTER BEDROOM 16' 7" x 11' 10" (5.08m x 3.62m) Having engineered oak flooring, dual aspect views provided by uPVC window to the rear elevation, uPVC window to the side elevation, two slimline radiators, built in wardrobes, ceiling light point and door to En-Suite.
ENSUITE 7' 7" x 6' 0" (2.33m x 1.84m) Modern suite briefly comprising of enclosed tiled corner shower cubicle with sliding entrance doors, inset 'Triton' power shower, WC and vanity wash hand basin with tiled upstands, tile effect soft cushion vinyl flooring, shaver point, frosted uPVC window to the side elevation, recessed down-lighting and towel rail/radiator.
BEDROOM TWO 13' 4" x 12' 1" (4.08m x 3.69m) Having engineered oak flooring, uPVC window to the rear elevation, radiator, built in wardrobe and ceiling light point.
BEDROOM THREE 13' 1" x 9' 0" (4.01m x 2.76m) Having engineered oak flooring, uPVC window to the rear elevation, radiator, built in wardrobe and ceiling light point.
FAMILY BATHROOM 8' 11" x 7' 10" (2.74m x 2.39m) Modern suite briefly comprising of panelled bath with side splash screen and 'Mira' power shower above, WC and vanity wash hand basin with tiled upstands and splashbacks, distressed effect contrasting wood effect LVT flooring, display/towel storage shelving, shaver point, frosted uPVC window to the front elevation, recessed down-lighting and towel rail/radiator.
WC 3' 0" x 7' 9" (0.92m x 2.38m) WC and vanity wash hand basin with tiled upstands and splashbacks, distressed effect contrasting wood effect LVT flooring, frosted uPVC window to the front elevation, recessed downlighting and radiator.
INNER HALLWAY TO BEDROOM FOUR 15' 5" x 5' 2" (4.72m x 1.60m) Having engineered oak flooring, recessed downlighting, radiator, three useful Storage Closets, Cloaks cupboard and uPVC window to the side elevation.
LIVING DINING ROOM 16' 4" x 11' 2" (5m x 3.42m) Having engineered oak flooring, uPVC window to the side elevation, radiator, ceiling light point and open arch to Breakfast Kitchen.
BREAKFAST KITCHEN 12' 2" x 12' 1" (3.71m x 3.69m) A modern fitted Kitchen with a comprehensive range of fitted units and drawers with contrasting Quartzite worksurface above, inset sink unit with mixer tap, spaces for dishwasher and fridge freezer, a further complimenting large breakfast bar island with fitted drawers and units to base level, contrasting Quartzite worksurface and two low level feature lighting points above. The cooking area comprises of fitted units to base and eye level, 'Rangemaster' oven with extractor hood above and glazed upstand, recessed downlighting, uPVC window to the side elevation, engineered oak flooring, radiator and sliding door to Utility Room.
UTILITY ROOM 9' 8" x 7' 6" (2.95m x 2.31m) Having wood effect tiled flooring, recessed downlighting, radiator, new gas wall-mounted condensing boiler (fitted July 2023), fitted units to base level, inset sink unit with mixer tap, further built in larder style cupboards, space for washing machine, single glazed internal window and door to Studio/ Boot Room.
STUDIO / BOOT ROOM 8' 2" x 16' 3" (2.51m x 4.96m) With wood effect tiled flooring, strip-lighting, tri-aspect views provided by uPVC windows to the front, side and rear elevations and two uPVC doors to each aspect and leading onto the Gardens. Fitted study area with drawers beneath, units to base level with inset sink unit with singular taps and door to the Garage.
OUTSIDE Wonderfully secluded and set back from the lane in an enviable, elevated position, the property is accessed by a large block paved Driveway leading inturn to the property's entrance, the Garage and a further reception gravelled parking area with well established lawns and mature trees, shrubs and borders to each side of the Driveway and a gated pedestrian access leading onto the side and rear Gardens. To the rear elevation, there is a bountiful Orchard with a variety of established fruit trees, a log store and wonderful views across to the Church that may be enjoyed from the formal lawns and large paved patio seating area. There are well stocked flowerbeds and borders further complimented by mature shrubs and trees, a beautiful pond with trickling waterfall feature, a working garden area with raised vegetable beds and planters with paved walkways throughout, Greenhouse and Garden Shed. To the far corner of the Garden, there is a hardstanding area complete with useful Studio/Office Outbuilding with uPVC window, power, lighting and wheeliebin storage area.
TANDEM GARAGE 10' 4" x 20' 2" (3.16m x 6.17m) Large tandem Garage with electrical consumer unit and solar panel workings/control panels, loft hatch, two ceiling light points, uPVC window to the front elevation, striplighting and up and over door.
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