Sold STC Detached

4 LANCASTER ROAD

MARKET RASEN, BROOKENBY, LINCOLNSHIRE LN8 6HD

370 m² Listed 1 Feb 2019 (-2689d)

£350,000

Save

Picture No. 05 Picture No. 01 Picture No. 03 Picture No. 04 Picture No. 09 Picture No. 11 Picture No. 07 Picture No. 06 Picture No. 13 Picture No. 15

/ 10

Property details

Floor area

370 m²

Last sold

£330,000 Jul 2020

Local average

£314,054 (+11.4%)

Deprivation

Decile 3 (7,593 of 33,755)

Street crime

7 incidents within 1 mile (Apr 2026)

Additional details

Parking
Yes
Garden
Yes

Description

Fine & Country Northern Lincolnshire present to the market this rarely available property. Having once been the former wing commander’s home to the now decommissioned Royal Air Force base it new represents the ideal renovation project for someone looking for a substantial family home.

The main entrance hall provides access to the four spacious formal reception rooms. The lounge has a stone feature fireplace with open fire grate and a triple panel recessed bay window that gives views onto the rear garden. A dining room and sitting room also are arranged to the rear aspect of the property. Adjacent to the front entrance is a study ideal for the modern family and could provide a snug or playroom if required. A spacious breakfast kitchen with a practical utility room and three pantry/storage rooms are located to the less formal part of the house. A Gardeners store room sits alongside a boiler room the property has ample storage rooms to the utility areas of the ground floor and a cloakroom. To the first floor are five good sized double bedrooms which are served by two family bathrooms and two separate cloakrooms. A second staircase leads to a landing area with vaulted ceiling which access three further bedrooms each of which has a wall mounted hand wash basin and a further spacious storage room. This top floor accommodation is thought to have been used as the servant’s quarters when the property was main RAF residence. In addition to the main property there is a small selection of attached outbuildings which comprises of a garage, two storage areas, rear lobby area and a boiler room. The house itself sits back from Lancaster Road and to the rear of the property is a predominately grassed garden.

Listed by

Northern Lincolnshire

DDM Residential

Reference: 59902002

EPC Rating & Upgrade Cost

Fetching EPC data… Refresh this page in a moment.

Flood risk

Zone: 1

Risk: Low

Job (default Low)

EPC Graphs

EPC Rating Graph

EPC Rating Graph

Price history

Event Date Price % change
Sold 27/07/2020 (5 years ago) £330,000

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
6 CHICHESTER ROAD, BROOKENBY, MARKET RASEN, WEST LINDSEY, LINCOLNSHIRE, LN8 6EY £285,000 23/10/2023 Detached
Same street 6 LANCASTER ROAD, BROOKENBY, MARKET RASEN, WEST LINDSEY, LINCOLNSHIRE, LN8 6HD £360,000 29/09/2023 Detached
Same street 8 LANCASTER ROAD, BROOKENBY, MARKET RASEN, WEST LINDSEY, LINCOLNSHIRE, LN8 6HD £360,000 13/07/2023 Detached
3 SALISBURY AVENUE, BROOKENBY, MARKET RASEN, WEST LINDSEY, LINCOLNSHIRE, LN8 6EZ £270,000 19/08/2022 Detached
Same street 11 LANCASTER ROAD, BROOKENBY, MARKET RASEN, WEST LINDSEY, LINCOLNSHIRE, LN8 6HD £285,000 20/05/2022 Detached
3 DURHAM CLOSE, BROOKENBY, MARKET RASEN, WEST LINDSEY, LINCOLNSHIRE, LN8 6JD £328,000 02/02/2022 Detached
7 CAMBRIDGE CRESCENT, BROOKENBY, MARKET RASEN, WEST LINDSEY, LINCOLNSHIRE, LN8 6HB £287,500 13/10/2021 Detached
5 CAMBRIDGE CRESCENT, BROOKENBY, MARKET RASEN, WEST LINDSEY, LINCOLNSHIRE, LN8 6HB £275,000 16/06/2021 Detached

Street average: £335,000 (3 sales)

Area average: £289,100 (5 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: Apr 2025 – Mar 2026

Location

Nearby

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

Type Name Distance
Bus stop Roland House 0.0 miles
Shop Classic Furniture 0.5 miles
Shop Manor View Stores 1.1 miles
Train station North Thoresby 6.2 miles
Train station Ludborough 6.4 miles
University University Centre Grimsby 8.5 miles
University University Centre (University of Hull) 8.6 miles
Hospital Harrison House 8.7 miles
Hospital St Hughs 8.8 miles

Street-level crime

Category Count
Public order 4
Violence and sexual offences 2
Anti-social behaviour 1
Total incidents 7

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
Binbrook CofE Primary School Primary 1.0 miles Good — 29 Apr 2024
East Ravendale CofE Primary School Academy Primary 3.2 miles Good — 19 Nov 2023

Rental Comparables

Residential lets from OpenRent and Rightmove for the area. Bedroom counts vary — use the Beds column to compare like-for-like lets. Student lets are excluded.

Title Rent Beds Distance As seen on
2 Bed Terraced House, Hunter Road, LN8 £625/mo 2 0.43 miles OpenRent
2 Bed Terraced House, Drigh Road, LN8 £650/mo 2 0.46 miles OpenRent
2 Bed Terraced House, Drigh Road, LN8 £650/mo 2 0.46 miles OpenRent

Average rent: £642/mo (3 listings)

Rent-driven metrics

Based on OpenRent comparables.

Rent ratio 0.19%
Max investor price (0.8%) £81,250
Target investor price (1%) £65,000
Gross yield 2.2%
Cost-to-rent ratio 44.9×
Monthly cashflow £-818/mo 75% LTV, 3.95% APR (5yr fixed), 25yr term
Cash-on-cash ROI -9.7%
  • 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).