# 3 bedroom detached bungalow for rent (LN7 6SF) ## Property Details | Key | Value | |-----|-------| | Address | INVEREWE, NORTH KELSEY ROAD, MARKET RASEN, CAISTOR, LINCOLNSHIRE LN7 6SF | | Price | £1,400 pcm | | Bedrooms | 3 | | Bathrooms | 1 | | Council tax | D | | Last sold | £197,000 Aug 2007 | ## Description **LOCATION** **** Inverewe is situated on North Kelsey Road, on the outskirts of the popular market town of Caistor. Caistor offers a good range of everyday amenities including independent shops, supermarkets, cafés, public houses, a doctors' surgery and pharmacy, together with the highly regarded Caistor Grammar School. The property enjoys convenient access to the A46, providing road links to Lincoln, Grimsby and the wider region, while the surrounding Lincolnshire Wolds offer an abundance of countryside walks and outdoor pursuits.  **ACCOMMODATION** **** This substantial Detached Bungalow occupies a generous plot on the outskirts of Caistor and offers spacious, well presented accommodation throughout. The internal accommodation comprises an Entrance Hall leading to a dual aspect Lounge Diner, which opens into the modern Kitchen/Breakfast Room with an adjoining Pantry. An Inner Hallway provides access to Three Bedrooms and the Family Bathroom. A Rear Lobby leads from the Kitchen to the attached Double Garage, which benefits from an electric roller door. The property offers versatile living accommodation and enjoys pleasant surroundings, making an early viewing highly recommended.  **OUTSIDE** **** The property enjoys generous wraparound gardens, predominantly laid to lawn with a variety of mature shrubs and borders. To the front there is a substantial hardstanding area providing ample off-street parking, leading to the attached Double Garage with electric roller door. Additional parking is available to the side of the property.  **RENT** **AND** **DEPOSIT** **** The asking Rent for the property is £1,400.00 per calendar month and the Tenancy Deposit is £1,615.00 (equal to 5 weeks' rent). The Holding Deposit for this property is £320.00. Included within the rent is a regularly six weekly window cleaner, and routine garden maintenance.  **ASSURED** **PERIODIC** **TENANCY** **** The property will be let on an assured periodic tenancy (rolling monthly). The landlord is seeking a tenant for longer-term occupation.  **ADDITIONAL** **FEES** **** There are no application fees payable. You will be required to pay a Holding Deposit equal to one weeks rent to secure the property. More information on charges to Tenants can be found on our website - **VIEWINGS** **** By prior appointment through Mundys.  **THE** **RENTERS** **RIGHTS** **ACT** **2025** **** New legislation was implemented in May 2026 and affects existing and new tenancies. More information on the changes is available at:   ## Property Photos - ![Photo](/listings/photos/89858838/2617887) - ![Photo](/listings/photos/89858838/2617888) - ![Photo](/listings/photos/89858838/2617889) - ![Photo](/listings/photos/89858838/2617890) - ![Photo](/listings/photos/89858838/2617891) - ![Photo](/listings/photos/89858838/2617892) - ![Photo](/listings/photos/89858838/2617893) - ![Photo](/listings/photos/89858838/2617896) - ![Photo](/listings/photos/89858838/2617899) - ![Photo](/listings/photos/89858838/2617902) - ![Photo](/listings/photos/89858838/2617905) - ![Photo](/listings/photos/89858838/2617906) ## Floorplans - ![Floorplan 1](/listings/photos/89858838/2617907) - Floorplan 1 ## EPC Graphs - ![EPC Front Page](/listings/photos/89858838/2617908) - EPC Front Page ## Rental Range *ONS Price Index of Private Rents (West Lindsey). Low / Realistic / Optimistic = conservative / average / best case.* - **Low:** £670/mo - **Realistic:** £744/mo - **Optimistic:** £818/mo ## LHA (Local Housing Allowance) *VOA 30th percentile rent floor for Grimsby (Apr 2025 – Mar 2026).* - **LHA floor (this property size):** £520/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 | |------|------|------|------|------| | [North Kelsey Road, Caistor, Market Rasen](http://87.117.209.195:8080/listings/18cee55) | £1,400/mo | 3 | 0 miles | Rightmove | | [Mallard Drive, Caistor LN7 6SA](http://87.117.209.195:8080/listings/a30b602) | £850/mo | 3 | 0.5 miles | Rightmove | | 3 Bed Bungalow, Millfields, LN7 | £1,100/mo | 3 | 0.7 miles | OpenRent | | [Navigation Lane, Caistor, Market Rasen, LN7](http://87.117.209.195:8080/listings/cfd9651) | £1,100/mo | 3 | 0.73 miles | Rightmove | | 3 Bed Detached House, Navigation Lane, LN7 | £1,100/mo | 3 | 0.73 miles | OpenRent | | [Varlows Yard, Caistor, LN7](http://87.117.209.195:8080/listings/2520290) | £995/mo | 3 | 0.94 miles | Rightmove | | [Risedale, Caistor](http://87.117.209.195:8080/listings/359b7d8) | £875/mo | 3 | 0.96 miles | Rightmove | | [Mill Lane, Caistor, LN7](http://87.117.209.195:8080/listings/aee5f96) | £995/mo | 3 | 1.17 miles | Rightmove | **Average rent: £1,052/mo (8 listings)** ## Rent-driven metrics *Based on OpenRent comparables (median £1,048/mo).* - **Gross yield:** 898.3% - **Monthly cashflow:** £913/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term) - **Cash-on-cash ROI:** 2697.6% *Gross yield = annual rent as % of price (no costs). 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).* ## 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)