# 2 bedroom detached bungalow for sale (LN8 3EE)

## Property Details

| Key | Value |
|-----|-------|
| Address | 25 THE RIDINGS, MARKET RASEN, LINCOLNSHIRE LN8 3EE |
| Price | £215,000 |
| Bedrooms | 2 |
| Bathrooms | 1 |
| Council tax | B |
| Last sold | £53,750 Sep 1999 |

## Description

DETACHED BUNGALOW IN POPULAR LOCATION. We are delighted to offer for sale this detached bungalow situated on The Ridings. Comprising Porch, Entrance Hall, Lounge, Kitchen Diner, 2 Bedrooms & Bathroom. Gardens front & rear, Garage & Driveway. NO ONWARD CHAIN

EPC Rating: D

## Property Photos

- ![Photo](/listings/photos/94621422/2658266)
- ![Photo](/listings/photos/94621422/2658267)
- ![Lounge](/listings/photos/94621422/2658268) - Lounge
- ![Lounge](/listings/photos/94621422/2658269) - Lounge
- ![Kitchen Diner](/listings/photos/94621422/2658270) - Kitchen Diner
- ![Kitchen Diner](/listings/photos/94621422/2658271) - Kitchen Diner
- ![Bedroom 1](/listings/photos/94621422/2658272) - Bedroom 1
- ![Bedroom 1](/listings/photos/94621422/2658273) - Bedroom 1
- ![Bedroom 2](/listings/photos/94621422/2658274) - Bedroom 2
- ![Bathroom](/listings/photos/94621422/2658275) - Bathroom
- ![Photo](/listings/photos/94621422/2658276)
- ![Photo](/listings/photos/94621422/2658277)

## Floorplans

- ![All](/listings/photos/94621422/2658278) - All

## EPC Graphs

- ![EPC 1](/listings/photos/94621422/2658279) - EPC 1

## FENSA Certificates

This property has 1 FENSA certificate(s) on record.

### FENSA Certificate #11771580
- **Address:** 25 The Ridings, MARKET RASEN, LN8 3EE
- **Certificate Issued:** 02/08/2016
- **Work Completed:** 11/06/2016
- **Items:** 2 window(s)

## Sales History

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

| Address | Price | Date | Type |
|---------|-------|------|------|
| 25 THE RIDINGS, MARKET RASEN, WEST LINDSEY, LINCOLNSHIRE, LN8 3EE | £53,750 | 17/09/1999 | 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 |
|---------|-------|------|------|
| COTTESMORE LEGSBY ROAD, MARKET RASEN, WEST LINDSEY, LINCOLNSHIRE, LN8 3DY | £317,500 | 10/02/2025 | Detached |
| 12 WELLS DRIVE, MARKET RASEN, WEST LINDSEY, LINCOLNSHIRE, LN8 3EF | £205,000 | 12/12/2024 | Detached |
| 1 BEECHERS WAY, MARKET RASEN, WEST LINDSEY, LINCOLNSHIRE, LN8 3FJ | £250,000 | 10/10/2023 | Detached |
| 16 WELLS DRIVE, MARKET RASEN, WEST LINDSEY, LINCOLNSHIRE, LN8 3EF | £183,000 | 03/03/2023 | Detached |
| [Same street] 22 THE RIDINGS, MARKET RASEN, WEST LINDSEY, LINCOLNSHIRE, LN8 3EE | £215,000 | 04/11/2022 | Detached |
| 9 HORSESHOE WAY, MARKET RASEN, WEST LINDSEY, LINCOLNSHIRE, LN8 3FN | £277,500 | 18/10/2022 | Detached |
| [Same street] 46 THE RIDINGS, MARKET RASEN, WEST LINDSEY, LINCOLNSHIRE, LN8 3EE | £238,000 | 03/10/2022 | Other |
| 7 BEECHERS WAY, MARKET RASEN, WEST LINDSEY, LINCOLNSHIRE, LN8 3FJ | £310,000 | 16/09/2022 | Detached |
| 33 BEECHERS WAY, MARKET RASEN, WEST LINDSEY, LINCOLNSHIRE, LN8 3FJ | £260,000 | 29/07/2022 | Detached |
| 7A HORSESHOE WAY, MARKET RASEN, WEST LINDSEY, LINCOLNSHIRE, LN8 3FN | £250,000 | 13/07/2022 | Detached |
| LYNDALE LEGSBY ROAD, MARKET RASEN, WEST LINDSEY, LINCOLNSHIRE, LN8 3DY | £385,000 | 16/06/2022 | Detached |
| [Same street] 39 THE RIDINGS, MARKET RASEN, WEST LINDSEY, LINCOLNSHIRE, LN8 3EE | £279,950 | 27/05/2022 | Detached |
| 29 THIRSK CLOSE, MARKET RASEN, WEST LINDSEY, LINCOLNSHIRE, LN8 3EB | £225,000 | 03/05/2022 | Detached |
| [Same street] 38 THE RIDINGS, MARKET RASEN, WEST LINDSEY, LINCOLNSHIRE, LN8 3EE | £230,000 | 04/03/2022 | Detached |
| 4 SADDLERS WAY, MARKET RASEN, WEST LINDSEY, LINCOLNSHIRE, LN8 3FP | £265,000 | 03/02/2022 | Detached |
| [Same street] 45 THE RIDINGS, MARKET RASEN, WEST LINDSEY, LINCOLNSHIRE, LN8 3EE | £273,000 | 15/12/2021 | Detached |
| 31 THIRSK CLOSE, MARKET RASEN, WEST LINDSEY, LINCOLNSHIRE, LN8 3EB | £245,000 | 06/12/2021 | Detached |
| 28 THIRSK CLOSE, MARKET RASEN, WEST LINDSEY, LINCOLNSHIRE, LN8 3EB | £260,000 | 29/11/2021 | Detached |
| TEMPLECOMBE, 9 WELLS DRIVE, MARKET RASEN, WEST LINDSEY, LINCOLNSHIRE, LN8 3EF | £285,000 | 29/11/2021 | Detached |

**Street average:** £247,190 (5 sales)
**Area average:** £265,571 (14 sales)

## Price vs local average

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

- **Local average:** £322,154 (47 Detached, LN8, 2024–2026)
- **Deviation:** -33.3%

## 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 Lincoln (Apr 2025 – Mar 2026).*

- **LHA floor (this property size):** £598/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 |
|------|------|------|------|------|
| 2 Bed Detached House, Chapman Street, LN8 | £975/mo | 2 | 0.35 miles | OpenRent |
| 2 Bed Detached House, Chapman Street, LN8 | £1,050/mo | 2 | 0.35 miles | OpenRent |
| 2 Bed Terraced House, The Maltings Court, LN8 | £700/mo | 2 | 0.4 miles | OpenRent |
| 2 Bed Terraced House, Moorhen Close, LN8 | £780/mo | 2 | 0.52 miles | OpenRent |
| 2 Bed Flat, Queen St, LN8 | £650/mo | 2 | 0.55 miles | OpenRent |
| 2 Bed Flat, King Street, LN8 | £550/mo | 2 | 0.69 miles | OpenRent |
| [Thoresway, Market Rasen LN8 3UY](http://87.117.209.195:8080/listings/6159b16) | £995/mo | 2 | 6.16 miles | Rightmove |
| [Javelin Avenue, Brookenby, LN8](http://87.117.209.195:8080/listings/0a6b129) | £625/mo | 2 | 7.05 miles | Rightmove |

**Average rent: £791/mo (8 listings)**

## 1% Rule

- **Rent ratio:** 0.34% (weak for cashflow)
- **Max investor price (0.8%):** £92,500
- **Target investor price (1%):** £74,000

*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 £740/mo).*

- **Gross yield:** 4.1%
- **Cost-to-rent:** 24.2×
- **Monthly cashflow:** £-206/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** -4%

*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:** 6.7%
- **10y growth:** 9.4%

## House Price Index (HM Land Registry)

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

- **1y growth (index):** 0.7%
- **5y growth (index):** 11.5%
- **10y growth (index):** 40.8%

## 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)