# 3 bedroom detached bungalow for rent (LN7 6SA)

## Property Details

| Key | Value |
|-----|-------|
| Address | 13 MALLARD DRIVE, MARKET RASEN, CAISTOR, LINCOLNSHIRE LN7 6SA |
| Price | £850 pcm |
| Bedrooms | 3 |
| Bathrooms | 1 |
| Council tax | C |
| Last sold | £112,000 Jun 2012 |

## Description

A three bedroom detached bungalow situated just off North Kelsey Road in Caistor on a well proportion plot. Well-presented, spacious accommodation which includes; Reception room with doors to the garden, modern fitted kitchen with integrated appliances and breakfast seating, three double bedrooms, a modern fitted bathroom. Enclosed rear garden with timber storage shed and driveway. Gas central heating EER D (60). Deposit £980 *Landlord to carry out some works. Available from mid-late November

## Property Photos

- ![Photo](/listings/photos/94471344/2615063)
- ![Photo](/listings/photos/94471344/2615064)
- ![Photo](/listings/photos/94471344/2615065)
- ![Photo](/listings/photos/94471344/2615066)
- ![Photo](/listings/photos/94471344/2615068)
- ![Photo](/listings/photos/94471344/2615071)
- ![Photo](/listings/photos/94471344/2615073)
- ![Photo](/listings/photos/94471344/2615074)

## FENSA Certificates

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

### FENSA Certificate #5823195
- **Address:** 13 Mallard Drive, Caistor, LN7 6SA
- **Certificate Issued:** 07/07/2008
- **Work Completed:** 17/06/2008
- **Items:** 10 window(s), 1 door(s)

## 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 |
|------|------|------|------|------|
| [Mallard Drive, Caistor LN7 6SA](http://87.117.209.195:8080/listings/a30b602) | £850/mo | 3 | 0 miles | Rightmove |
| [Navigation Lane, Caistor, Market Rasen, LN7](http://87.117.209.195:8080/listings/cfd9651) | £1,100/mo | 3 | 0.26 miles | Rightmove |
| [Varlows Yard, Caistor, LN7](http://87.117.209.195:8080/listings/2520290) | £995/mo | 3 | 0.44 miles | Rightmove |
| [Risedale, Caistor](http://87.117.209.195:8080/listings/359b7d8) | £875/mo | 3 | 0.48 miles | Rightmove |
| [North Kelsey Road, Caistor, Market Rasen](http://87.117.209.195:8080/listings/18cee55) | £1,400/mo | 3 | 0.5 miles | Rightmove |
| [Mill Lane, Caistor, LN7](http://87.117.209.195:8080/listings/aee5f96) | £995/mo | 3 | 0.68 miles | Rightmove |

**Average rent: £1,036/mo (6 listings)**

## Rent-driven metrics

*Based on OpenRent comparables (median £995/mo).*

- **Gross yield:** 1404.7%
- **Monthly cashflow:** £867/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 4221.4%

*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)