# 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 |
| 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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- ![Photo](/listings/photos/123702023/329211)
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- ![Photo](/listings/photos/123702023/329222)
- ![Photo](/listings/photos/123702023/329227)
- ![Photo](/listings/photos/123702023/329229)
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- ![Photo](/listings/photos/123702023/329234)
- ![Photo](/listings/photos/123702023/329235)
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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, King Street, LN8 | £750/mo | 3 | 0.29 miles | OpenRent |

**Average rent: £750/mo (1 listing)**

## 1% Rule

- **Rent ratio:** 0.22% (weak for cashflow)
- **Max investor price (0.8%):** £93,750
- **Target investor price (1%):** £75,000

*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 £750/mo).*

- **Gross yield:** 2.6%
- **Cost-to-rent:** 38.3×
- **Monthly cashflow:** £-709/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** -8.5%

*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).*

## Capital growth trend

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

- **5y growth:** -2.9%
- **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)