Sold STC Detached

FOUNDRY HOUSE

JAMESON BRIDGE STREET, MARKET RASEN, LINCOLNSHIRE LN8 3EW

3 beds 3 baths 2,088 sq ft Listed 26 May 2022 (-1479d)

£345,000

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# 3 bedroom detached house for sale (LN8 3EW)

## Property Details

| Key | Value |
|-----|-------|
| Address | FOUNDRY HOUSE, JAMESON BRIDGE STREET, MARKET RASEN, LINCOLNSHIRE LN8 3EW |
| Price | £345,000 |
| Bedrooms | 3 |
| Bathrooms | 3 |
| Construction age | England and Wales: before 1900 |
| Floor area | 194 m² |
| Last sold | £320,000 Aug 2022 |

## Description

*IMPRESSIVE VERSATILE DETACHED HOME, EXCEPTIONALLY PRESENTED* We are delighted to offer for sale this exceptional detached house. Situated in a DESIREABLE location. The property has been RENOVATED to a high standard. 3 double bedrooms, 4 reception rooms, garage and parking. ANNEX POTENTIAL. Viewing Advised !

EPC rating: D. Council tax band: A, Tenure: Freehold,

## Property Photos

- ![Photo](/listings/photos/123702023/329200)
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## Floorplans

- ![Floorplan](/listings/photos/123702023/329237) - Floorplan

## EPC Graphs

- ![EPC Certificate](/listings/photos/123702023/329238) - EPC Certificate

## Sales History

*Recorded sales for this property. Data from Land Registry Price Paid.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| FOUNDRY HOUSE JAMESON BRIDGE STREET, MARKET RASEN, WEST LINDSEY, LINCOLNSHIRE, LN8 3EW | £320,000 | 18/08/2022 | Detached |
| FOUNDRY HOUSE JAMESON BRIDGE STREET, MARKET RASEN, WEST LINDSEY, LINCOLNSHIRE, LN8 3EW | £93,500 | 09/12/2013 | Detached |

## Sold Comparables

*Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| 15 WILLINGHAM ROAD, MARKET RASEN, WEST LINDSEY, LINCOLNSHIRE, LN8 3DP | £245,000 | 09/10/2023 | Detached |
| MARKIVES VICTORIA ROAD, MARKET RASEN, WEST LINDSEY, LINCOLNSHIRE, LN8 3ER | £265,000 | 28/09/2023 | Detached |
| [Same street] 18 JAMESON BRIDGE STREET, MARKET RASEN, WEST LINDSEY, LINCOLNSHIRE, LN8 3EW | £100,000 | 17/07/2023 | Terraced |
| SOUTH GABLES WILLINGHAM ROAD, MARKET RASEN, WEST LINDSEY, LINCOLNSHIRE, LN8 3DN | £290,000 | 05/12/2022 | Detached |
| [Same street] 15 JAMESON BRIDGE STREET, MARKET RASEN, WEST LINDSEY, LINCOLNSHIRE, LN8 3EW | £140,000 | 11/11/2022 | Terraced |
| 12 CHURCH STREET, MARKET RASEN, WEST LINDSEY, LINCOLNSHIRE, LN8 3ET | £105,000 | 21/10/2022 | Detached |
| NORWICH HOUSE PASTURE LANE, MARKET RASEN, WEST LINDSEY, LINCOLNSHIRE, LN8 3DT | £208,000 | 30/09/2022 | Detached |
| THE GATE HOUSE, 10 CAISTOR ROAD, MARKET RASEN, WEST LINDSEY, LINCOLNSHIRE, LN8 3HX | £225,000 | 21/09/2022 | Detached |
| 3 CHURCH STREET, MARKET RASEN, WEST LINDSEY, LINCOLNSHIRE, LN8 3ET | £320,000 | 18/03/2022 | Detached |
| 24 LIME WALK, MARKET RASEN, WEST LINDSEY, LINCOLNSHIRE, LN8 3SP | £155,000 | 04/02/2022 | Detached |
| [Same street] 13 JAMESON BRIDGE STREET, MARKET RASEN, WEST LINDSEY, LINCOLNSHIRE, LN8 3EW | £102,000 | 17/09/2021 | Terraced |
| 59 WATERLOO STREET, MARKET RASEN, WEST LINDSEY, LINCOLNSHIRE, LN8 3ES | £390,000 | 10/08/2021 | Detached |
| 29 LIME WALK, MARKET RASEN, WEST LINDSEY, LINCOLNSHIRE, LN8 3SP | £260,000 | 29/07/2021 | Detached |

**Street average:** £114,000 (3 sales)
**Area average:** £246,300 (10 sales)

## Price vs local average

*Outcode + property type (HousePrices, last 2 years).*

- **Local average:** £314,054 (41 Detached, LN8, 2024–2026)
- **Deviation:** +9.9%

## Rental Range

*ONS Price Index of Private Rents (West Lindsey). Low / Realistic / Optimistic = conservative / average / best case.*

- **Low:** £642/mo
- **Realistic:** £713/mo
- **Optimistic:** £784/mo

## LHA (Local Housing Allowance)

*VOA 30th percentile rent floor for Lincoln (Apr 2025 – Mar 2026).*

- **LHA floor (this property size):** £673/mo

## Rental Comparables

*Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.*

| Title | Rent | Beds | Distance | As seen on |
|------|------|------|------|------|
| 3 Bed Terraced House, Poppy's Row, LN8 | £2,150/mo | 3 | 0.16 miles | OpenRent |
| 3 Bed Terraced House, King Street, LN8 | £750/mo | 3 | 0.29 miles | OpenRent |
| 3 Bed Semi-Detached House, Dear Street, LN8 | £645/mo | 3 | 0.3 miles | OpenRent |
| 3 Bed Semi-Detached House, Thirsk Close, LN8 | £925/mo | 3 | 0.3 miles | OpenRent |
| 3 Bed Terraced House, Foxglove Road, LN8 | £950/mo | 3 | 0.43 miles | OpenRent |

**Average rent: £1,084/mo (5 listings)**

## 1% Rule

- **Rent ratio:** 0.27% (weak for cashflow)
- **Max investor price (0.8%):** £115,625
- **Target investor price (1%):** £92,500

*Monthly rent ÷ price. 1%+ = strong, 0.8–1% = okay, <0.8% = weak. Max investor price = rent ÷ 0.8% (Stoke-style target). Target investor price = rent ÷ 1% (strong cashflow band). Based on OpenRent comparables.*

## Rent-driven metrics

*Based on OpenRent comparables (median £925/mo).*

- **Gross yield:** 3.2%
- **Cost-to-rent:** 31.1×
- **Monthly cashflow:** £-551/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** -6.6%

*Gross yield = annual rent as % of price (no costs). Cost-to-rent = price ÷ annual rent (from OpenRent comparables); under 14× = strong, 14–16× = acceptable, 17×+ = compressed. Cashflow = rent − mortgage − 10% maintenance − £25/mo compliance; assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term. ROI = annual profit ÷ cash in (deposit + 4% purchase costs).*

## Price per Square Metre

- **£/m²:** £1,778/m²

## Capital growth trend

*Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.*

- **5y growth:** -3.6%
- **10y growth:** 64.4%

## House Price Index (HM Land Registry)

*Official index for West Lindsey; Detached series; as of March 2026.*

- **1y growth (index):** 1.6%
- **5y growth (index):** 11.1%
- **10y growth (index):** 41.1%

## Flood risk

- **Zone:** 1
- **Risk:** Low
- **Source:** Job (default Low)

[Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)

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Property details

Tenure

FREEHOLD

Floor area

194 m²

Year built

England and Wales: before 1900

Last sold

£320,000 Aug 2022

Price per m²

£1,778/m²

Local average

£314,054 (+9.9%)

Deprivation

Decile 4 (11,025 of 33,755)

Street crime

51 incidents within 1 mile (Apr 2026)

Key features

Executive Detached Home
Desirable Residential Location
Exceptionally Presented
Breakfast Kitchen, Utility, Cloakroom
Open Plan Lounge / Dining Area
Garden Room, Office (Annexe Potential)
Integral Garage & Off Road Parking
Courtyard Garden
EPC Rating - D
Must View to Fully Appreciate

Additional details

Heating: Gas central
Parking: Garage
Garden: Private garden

Description

Listed by

Market Rasen

The Property Franchise Group

Reference: 123702023

EPC Rating & Upgrade Cost

Fetching EPC data… Refresh this page in a moment.

Flood risk

Zone: 1

Risk: Low

Job (default Low)

Floorplans

Floorplan

EPC Graphs

EPC Certificate

Price history

242% since 2013

Event	Date	Price	% change
Sold	18/08/2022 (3 years ago)	£320,000	+242.2%
Sold	09/12/2013 (12 years ago)	£93,500	—

Source: HM Land Registry Price Paid Data. Crown copyright.

Sold Comparables

Same street and nearby sales within 0.25 miles (last 5 years). Data from Land Registry Price Paid.

Address	Price	Date	Type
15 WILLINGHAM ROAD, MARKET RASEN, WEST LINDSEY, LINCOLNSHIRE, LN8 3DP	£245,000	09/10/2023	Detached
MARKIVES VICTORIA ROAD, MARKET RASEN, WEST LINDSEY, LINCOLNSHIRE, LN8 3ER	£265,000	28/09/2023	Detached
Same street 18 JAMESON BRIDGE STREET, MARKET RASEN, WEST LINDSEY, LINCOLNSHIRE, LN8 3EW	£100,000	17/07/2023	Terraced
SOUTH GABLES WILLINGHAM ROAD, MARKET RASEN, WEST LINDSEY, LINCOLNSHIRE, LN8 3DN	£290,000	05/12/2022	Detached
Same street 15 JAMESON BRIDGE STREET, MARKET RASEN, WEST LINDSEY, LINCOLNSHIRE, LN8 3EW	£140,000	11/11/2022	Terraced
12 CHURCH STREET, MARKET RASEN, WEST LINDSEY, LINCOLNSHIRE, LN8 3ET	£105,000	21/10/2022	Detached
NORWICH HOUSE PASTURE LANE, MARKET RASEN, WEST LINDSEY, LINCOLNSHIRE, LN8 3DT	£208,000	30/09/2022	Detached
THE GATE HOUSE, 10 CAISTOR ROAD, MARKET RASEN, WEST LINDSEY, LINCOLNSHIRE, LN8 3HX	£225,000	21/09/2022	Detached
3 CHURCH STREET, MARKET RASEN, WEST LINDSEY, LINCOLNSHIRE, LN8 3ET	£320,000	18/03/2022	Detached
24 LIME WALK, MARKET RASEN, WEST LINDSEY, LINCOLNSHIRE, LN8 3SP	£155,000	04/02/2022	Detached
Same street 13 JAMESON BRIDGE STREET, MARKET RASEN, WEST LINDSEY, LINCOLNSHIRE, LN8 3EW	£102,000	17/09/2021	Terraced
59 WATERLOO STREET, MARKET RASEN, WEST LINDSEY, LINCOLNSHIRE, LN8 3ES	£390,000	10/08/2021	Detached
29 LIME WALK, MARKET RASEN, WEST LINDSEY, LINCOLNSHIRE, LN8 3SP	£260,000	29/07/2021	Detached

Street average: £114,000 (3 sales)

Area average: £246,300 (10 sales)

Capital growth trend

Land Registry outcode average: last 12 months vs 5y and 10y ago (from sold prices).

5y growth -3.6%

10y growth 64.4%

House Price Index (HM Land Registry — official index, not sold-price averages): West Lindsey. Series: Detached. As of March 2026.

1y (index) 1.6%

5y (index) 11.1%

10y (index) 41.1%

Rental Range

Estimated market rent for West Lindsey. Low = conservative, Realistic = average, Optimistic = best case.

Low £642/mo

Realistic £713/mo

Optimistic £784/mo

Based on Local Authority from postcode lookup → West Lindsey.

LHA (30th percentile) floor for Lincoln: £673/mo (Apr 2025 – Mar 2026)

Location

Map view View on Google Maps View on OpenStreetMap Street View LN8 3EW

Address

13 Jameson Bridge Street

Nearby

Nearest stations, universities and amenities (distance from property).

Type	Name	Distance
Shop	Dexel Tyre & Auto Centre	0.0 miles
Shop	Peter Rhodes (Euronics)	0.1 miles
Bus stop	Rail Station Approach Road	0.2 miles
Train station	Market Rasen	0.3 miles

Street-level crime

Category	Count
Violence and sexual offences	13
Anti-social behaviour	12
Shoplifting	9
Public order	7
Criminal damage and arson	5
Other theft	2
Vehicle crime	2
Other crime	1
Total incidents	51

Within 1 mile during Apr 2026. Source: data.police.uk (England & Wales).

Schools nearby

Nearest open schools with Ofsted ratings (England). Closed schools are not shown. Data from Get Information about Schools and Ofsted.

Name	Type	Distance	Ofsted
The Market Rasen Church of England Primary School	Primary	0.3 miles	Good — 3 Dec 2013
De Aston School	Secondary	0.4 miles	Good — 28 Feb 2013
The Middle Rasen Primary School	Primary	1.3 miles	Good — 15 Nov 2014
Legsby Primary School	Primary	2.8 miles	Good — 26 Sep 2023
Osgodby Primary School	Primary	3.0 miles	Good — 12 Jun 2019

Rental Comparables

Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.

Title	Rent	Beds	Distance	As seen on
3 Bed Terraced House, Poppy's Row, LN8	£2,150/mo	3	0.16 miles	OpenRent
3 Bed Terraced House, King Street, LN8	£750/mo	3	0.29 miles	OpenRent
3 Bed Semi-Detached House, Dear Street, LN8	£645/mo	3	0.3 miles	OpenRent
3 Bed Semi-Detached House, Thirsk Close, LN8	£925/mo	3	0.3 miles	OpenRent
3 Bed Terraced House, Foxglove Road, LN8	£950/mo	3	0.43 miles	OpenRent

Average rent: £1,084/mo (5 listings)

Rent-driven metrics

Based on OpenRent comparables.

Rent ratio 0.27%

Max investor price (0.8%) £115,625

Target investor price (1%) £92,500

Gross yield 3.2%

Cost-to-rent ratio 31.1×

Monthly cashflow £-551/mo 75% LTV, 3.95% APR (5yr fixed), 25yr term

Cash-on-cash ROI -6.6%

Rent ratio — Monthly rent ÷ purchase price (1% rule). 1%+ = strong, 0.8–1% = okay, <0.8% = weak for cashflow.
Max investor price — Rent ÷ 0.8%; the price at which rent would be 0.8% of price (Stoke-style target).
Target investor price — Rent ÷ 1%; the price at which rent would be 1% of price (strong cashflow band).
Gross yield — Annual rent as % of purchase price (no costs).
Cost-to-rent — Price ÷ annual rent (from OpenRent comparables). Under 14× = strong, 14–16× = acceptable, 17×+ = compressed.
Cashflow — Rent minus mortgage, 10% maintenance, £25/mo compliance. Assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term.
ROI — Annual profit ÷ cash in (deposit + 4% purchase costs).

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