For sale Detached

4 THE PADDOCK

MARKET RASEN, OWMBY BY SPITAL, LINCOLNSHIRE LN8 2HS

3 beds 2 baths Listed 22 Oct 2026 (-9d)

£460,000

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

## Property Details

| Key | Value |
|-----|-------|
| Address | 4 THE PADDOCK, MARKET RASEN, OWMBY BY SPITAL, LINCOLNSHIRE LN8 2HS |
| Price | £460,000 |
| Bedrooms | 3 |
| Bathrooms | 2 |
| Council tax | D |
| Last sold | £420,000 Jul 2022 |

## Description

Individually Designed and IMMACULATELY PRESENTED. Spacious DETACHED BUNGALOW situated on a private road in a desirable Rural Location with far reaching views overlooking the countryside. Comprising entrance hall, lounge, dining room, sun room, newly fitted kitchen, utility, 3 bedrooms, ensuite and newly fitted shower room. With GENEROUS GARDENS,  Double Garage & Extensive Driveway. VIEWING ADVISED TO FULLY APPRECIATE

EPC Rating: D

## Property Photos

- ![Photo](/listings/photos/94621845/2658181)
- ![Photo](/listings/photos/94621845/2658182)
- ![Lounge](/listings/photos/94621845/2658183) - Lounge
- ![Entrance Hall](/listings/photos/94621845/2658184) - Entrance Hall
- ![Lounge](/listings/photos/94621845/2658185) - Lounge
- ![Dining Room](/listings/photos/94621845/2658186) - Dining Room
- ![Sun Room](/listings/photos/94621845/2658187) - Sun Room
- ![Kitchen](/listings/photos/94621845/2658188) - Kitchen
- ![Kitchen](/listings/photos/94621845/2658189) - Kitchen
- ![Utility Room](/listings/photos/94621845/2658190) - Utility Room
- ![Bedroom 1](/listings/photos/94621845/2658191) - Bedroom 1
- ![Ensuite](/listings/photos/94621845/2658192) - Ensuite
- ![Ensuite](/listings/photos/94621845/2658193) - Ensuite
- ![Bedroom 2](/listings/photos/94621845/2658194) - Bedroom 2
- ![Bedroom 3](/listings/photos/94621845/2658195) - Bedroom 3
- ![Shower Room](/listings/photos/94621845/2658196) - Shower Room
- ![Photo](/listings/photos/94621845/2658197)
- ![Photo](/listings/photos/94621845/2658198)
- ![Photo](/listings/photos/94621845/2658199)
- ![Photo](/listings/photos/94621845/2674085)

## Floorplans

- ![All](/listings/photos/94621845/2658200) - All

## EPC Graphs

- ![EPC 1](/listings/photos/94621845/2658201) - EPC 1

## FENSA Certificates

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

### FENSA Certificate #6274305
- **Address:** 4 The Paddock, Owmby-by-Spital, LN8 2HS
- **Certificate Issued:** 26/01/2009
- **Work Completed:** 31/12/2008
- **Items:** 1 window(s), 1 door(s)

## Sales History

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

| Address | Price | Date | Type |
|---------|-------|------|------|
| 4 THE PADDOCK, OWMBY BY SPITAL, MARKET RASEN, WEST LINDSEY, LINCOLNSHIRE, LN8 2HS | £420,000 | 29/07/2022 | Detached |
| 4 THE PADDOCK, OWMBY BY SPITAL, MARKET RASEN, WEST LINDSEY, LINCOLNSHIRE, LN8 2HS | £285,000 | 16/11/2012 | Detached |
| 4 THE PADDOCK, OWMBY BY SPITAL, MARKET RASEN, WEST LINDSEY, LINCOLNSHIRE, LN8 2HS | £242,500 | 11/08/2004 | Detached |
| 4 THE PADDOCK, OWMBY BY SPITAL, MARKET RASEN, WEST LINDSEY, LINCOLNSHIRE, LN8 2HS | £86,500 | 26/09/1997 | 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 |
|---------|-------|------|------|
| 5 HURRICANE GROVE, WELTON, LINCOLN, WEST LINDSEY, LINCOLNSHIRE, LN2 3DA | £439,000 | 22/08/2025 | Detached |
| 2 HURRICANE GROVE, WELTON, LINCOLN, WEST LINDSEY, LINCOLNSHIRE, LN2 3DA | £360,000 | 02/08/2025 | Detached |
| 19 HURRICANE GROVE, WELTON, LINCOLN, WEST LINDSEY, LINCOLNSHIRE, LN2 3DA | £424,000 | 24/11/2023 | Detached |
| MEADOW RISE FEN ROAD, OWMBY BY SPITAL, MARKET RASEN, WEST LINDSEY, LINCOLNSHIRE, LN8 2HP | £425,000 | 31/10/2023 | Detached |
| THE LAURELS, 6 LIME GROVE, OWMBY BY SPITAL, MARKET RASEN, WEST LINDSEY, LINCOLNSHIRE, LN8 2BS | £507,500 | 20/10/2023 | Detached |
| [Same street] 1 THE PADDOCK, OWMBY BY SPITAL, MARKET RASEN, WEST LINDSEY, LINCOLNSHIRE, LN8 2HS | £332,500 | 04/03/2022 | Detached |
| LIME TREE HOUSE FEN ROAD, OWMBY BY SPITAL, MARKET RASEN, WEST LINDSEY, LINCOLNSHIRE, LN8 2HP | £550,000 | 28/02/2022 | Detached |

**Street average:** £332,500 (1 sale)
**Area average:** £450,917 (6 sales)

## Price vs local average

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

- **Local average:** £322,154 (47 Detached, LN8, 2024–2026)
- **Deviation:** +42.8%

## 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):** £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 Bungalow, Front Street, LN8 | £1,500/mo | 3 | 0.47 miles | OpenRent |

**Average rent: £1,500/mo (1 listing)**

## 1% Rule

- **Rent ratio:** 0.33% (weak for cashflow)
- **Max investor price (0.8%):** £187,500
- **Target investor price (1%):** £150,000

*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 £1,500/mo).*

- **Gross yield:** 3.9%
- **Cost-to-rent:** 25.6×
- **Monthly cashflow:** £-487/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** -4.4%

*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:** -9.8%
- **10y growth:** 20.1%

## House Price Index (HM Land Registry)

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

- **1y growth (index):** -0.1%
- **5y growth (index):** 7.2%
- **10y growth (index):** 38.6%

## 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)

Photo 1 Photo 2 Lounge Entrance Hall Lounge Dining Room Sun Room Kitchen Kitchen Utility Room Bedroom 1 Ensuite Ensuite Bedroom 2 Bedroom 3 Shower Room Photo 17 Photo 18 Photo 19 Photo 20

/ 20

Property details

Tenure

FREEHOLD

Council tax band

Last sold

£420,000 Jul 2022

Local average

£322,154 (+42.8%)

Deprivation

Decile 5 (16,333 of 33,755)

Street crime

3 incidents within 1 mile (Aug 2026)

Key features

Executive Detached Bungalow
Popular Rural Village
Private Road Location
Immaculately Presented Throughout
Spacious Accommodation
3 Reception Room, 3 Bedrooms
Generous Gardens with Stunning Views
Double Garage & Extensive Driveway
VIEWING ADVISED TO FULLY APPRECIATE

Additional details

Electricity: Mains supply
Water: Mains supply
Sewerage: Mains supply
Heating: Oil
Parking: Yes
Garden: Private garden
Listed property: No
Restrictions: No
Required access: No
Rights of way: No
Flooded in last 5 years: No
Flood defences: No

Description

Individually Designed and IMMACULATELY PRESENTED. Spacious DETACHED BUNGALOW situated on a private road in a desirable Rural Location with far reaching views overlooking the countryside. Comprising entrance hall, lounge, dining room, sun room, newly fitted kitchen, utility, 3 bedrooms, ensuite and newly fitted shower room. With GENEROUS GARDENS, Double Garage & Extensive Driveway. VIEWING ADVISED TO FULLY APPRECIATE
EPC Rating: D

Listed by

Market Rasen

The Property Franchise Group

Reference: 94621845

Flood risk

Zone: 1

Risk: Low

Job (default Low)

Registered land (INSPIRE)

This location falls inside an HM Land Registry INSPIRE registered freehold polygon.

Plot: ~1,080 m² (0.27 acres)

Source: HM Land Registry INSPIRE Index Polygons.

Floorplans

All

EPC Graphs

EPC 1

FENSA Certificates

This property has 1 FENSA certificate(s) on record, indicating window/door installations by FENSA-approved installers.

FENSA Certificate #6274305

Property Details

Street: 4 The Paddock

Town: Owmby-by-Spital

Postcode: LN8 2HS

Installation Details

Items: 1 window and 1 door

Certificate Issued: 26/01/2009

Work Completed: 31/12/2008

This certificate data was retrieved from FENSA's database

What is FENSA? FENSA (Fenestration Self-Assessment Scheme) is a government-authorised scheme that monitors building regulation compliance for replacement windows and doors. Certificates indicate that work was completed by FENSA-approved installers.

Price history

386% since 1997

Event	Date	Price	% change
Listed for sale	—	£460,000	+9.5%
Sold	29/07/2022 (4 years ago)	£420,000	+47.4%
Sold	16/11/2012 (13 years ago)	£285,000	+17.5%
Sold	11/08/2004 (22 years ago)	£242,500	+180.3%
Sold	26/09/1997 (29 years ago)	£86,500	—

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
5 HURRICANE GROVE, WELTON, LINCOLN, WEST LINDSEY, LINCOLNSHIRE, LN2 3DA	£439,000	22/08/2025	Detached
2 HURRICANE GROVE, WELTON, LINCOLN, WEST LINDSEY, LINCOLNSHIRE, LN2 3DA	£360,000	02/08/2025	Detached
19 HURRICANE GROVE, WELTON, LINCOLN, WEST LINDSEY, LINCOLNSHIRE, LN2 3DA	£424,000	24/11/2023	Detached
MEADOW RISE FEN ROAD, OWMBY BY SPITAL, MARKET RASEN, WEST LINDSEY, LINCOLNSHIRE, LN8 2HP	£425,000	31/10/2023	Detached
THE LAURELS, 6 LIME GROVE, OWMBY BY SPITAL, MARKET RASEN, WEST LINDSEY, LINCOLNSHIRE, LN8 2BS	£507,500	20/10/2023	Detached
Same street 1 THE PADDOCK, OWMBY BY SPITAL, MARKET RASEN, WEST LINDSEY, LINCOLNSHIRE, LN8 2HS	£332,500	04/03/2022	Detached
LIME TREE HOUSE FEN ROAD, OWMBY BY SPITAL, MARKET RASEN, WEST LINDSEY, LINCOLNSHIRE, LN8 2HP	£550,000	28/02/2022	Detached

Street average: £332,500 (1 sale)

Area average: £450,917 (6 sales)

Capital growth trend

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

5y growth -9.8%

10y growth 20.1%

House Price Index (HM Land Registry — official index, not sold-price averages): West Lindsey. Series: Detached. As of July 2026.

1y (index) -0.1%

5y (index) 7.2%

10y (index) 38.6%

Rental Range

Estimated market rent for West Lindsey. Low = conservative, Realistic = average, Optimistic = best case.

Low £670/mo

Realistic £744/mo

Optimistic £818/mo

Based on Local Authority from postcode lookup → West Lindsey.

LHA (30th percentile) floor for Lincoln: £673/mo (Apr 2025 – Mar 2026)

Location

Map view View on Google Maps View on OpenStreetMap Street View LN8 2HS

Nearby

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

Type	Name	Distance
Bus stop	The Paddock	0.1 miles
Shop	JTS Tech Support	1.5 miles
Shop	Glentham Village Store	1.7 miles
Train station	Market Rasen	6.4 miles
University	University of Lincoln - Riseholme Campus	7.5 miles
Train station	Kirton Lindsey	8.7 miles
University	Lincoln Bishop University	9.3 miles

Street-level crime

Category	Count
Public order	2
Violence and sexual offences	1
Total incidents	3

Within 1 mile during Aug 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
Normanby Primary School	Primary	0.3 miles	Good — 27 Sep 2011
The Hackthorn Church of England Primary School	Primary	3.2 miles	Outstanding — 14 May 2014
Welton St Mary's Church of England Primary Academy	Primary	4.8 miles	Good — 19 Jul 2013

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 Bungalow, Front Street, LN8	£1,500/mo	3	0.47 miles	OpenRent

Average rent: £1,500/mo (1 listing)

Rent-driven metrics

Based on OpenRent comparables.

Rent ratio 0.33%

Max investor price (0.8%) £187,500

Target investor price (1%) £150,000

Gross yield 3.9%

Cost-to-rent ratio 25.6×

Monthly cashflow £-487/mo 75% LTV, 3.95% APR (5yr fixed), 25yr term

Cash-on-cash ROI -4.4%

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).