38 RASEN ROAD
MARKET RASEN, TEALBY, LINCOLNSHIRE LN8 3XL
£685,000
Property details
Tenure
FREEHOLD
Floor area
170 m²
Last sold
£150,000 Feb 2001
Local average
£322,154 (+112.6%)
Deprivation
Decile 6 (19,256 of 33,755)
Street crime
1 incident within 1 mile (Aug 2026)
Key features
- Character-rich, Period, Detached Bungalow
- Sought After Village of Tealby
- Well Presented Throughout
- Spacious & Flexible Accommodation
- Set in Approximately 2.3 Acre
- 2 Reception Rooms, 5 Bedrooms, 2 Bathrooms
- Gardens including Orchard, Paddock, Outbuildings
- Garage & Gated Driveway
- Viewing Advised to Fully Appreciate
- NO ONWARD CHAIN
Additional details
- Electricity
- Mains supply
- Water
- Mains supply
- Sewerage
- Mains supply
- Heating
- Gas central
- 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
At the heart of the property are the two reception rooms, offering a choice of spaces for relaxing and entertaining, while the well-appointed accommodation provides ample room for a growing family, multi-generational living, home working, or those simply looking for a substantial single-storey home. The sunny, private, rear patio area, accessible from the kitchen and living/dining room, also provides opportunity to easily extend living and entertaining outside and enjoy the beautiful surrounding private grounds and views.
Externally, the property is particularly noteworthy, occupying approximately 2.3 acres and providing an exceptional amount of private outdoor space. The beautifully established grounds, formerly used for commercial horticultural purposes and more recently for equestrian grazing and stabling, offer considerable scope for a variety of uses, whether that be further developing and enjoying the gardens, keeping animals, pursuing hobbies or simply making the most of the space, privacy and views that this sizeable plot affords.
Tealby is renowned for its attractive village setting and countryside surroundings, making this one of Lincolnshire’s most desirable locations for those seeking a more rural lifestyle while retaining convenient access to nearby amenities and transport links. Offered with no onward chain, this is a rare opportunity to acquire a substantial character property and outstanding grounds, both with huge potential, in an exceptional village location.
EPC Rating: D
Listed by
Market Rasen
The Property Franchise Group
Reference: 94622031
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: ~9,355 m² (2.31 acres)
Source: HM Land Registry INSPIRE Index Polygons.
Price history
| Event | Date | Price | % change |
|---|---|---|---|
| Listed for sale | — | £685,000 | +356.7% |
| Sold | 15/02/2001 (25 years ago) | £150,000 | — |
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 |
|---|---|---|---|
| Same street 31 RASEN ROAD, TEALBY, MARKET RASEN, WEST LINDSEY, LINCOLNSHIRE, LN8 3XL | £360,000 | 26/09/2025 | Detached |
| Same street 1A RASEN ROAD, TEALBY, MARKET RASEN, WEST LINDSEY, LINCOLNSHIRE, LN8 3XL | £495,000 | 30/07/2025 | Detached |
| Same street 34A RASEN ROAD, TEALBY, MARKET RASEN, WEST LINDSEY, LINCOLNSHIRE, LN8 3XL | £470,000 | 06/03/2024 | Detached |
| 38 COW LANE, TEALBY, MARKET RASEN, WEST LINDSEY, LINCOLNSHIRE, LN8 3YB | £215,000 | 05/12/2023 | Detached |
| 16 COW LANE, TEALBY, MARKET RASEN, WEST LINDSEY, LINCOLNSHIRE, LN8 3YB | £370,000 | 20/11/2023 | Detached |
| Same street 10 RASEN ROAD, TEALBY, MARKET RASEN, WEST LINDSEY, LINCOLNSHIRE, LN8 3XL | £600,000 | 10/05/2023 | Detached |
| Same street CHERRY COTTAGE RASEN ROAD, TEALBY, MARKET RASEN, WEST LINDSEY, LINCOLNSHIRE, LN8 3XL | £552,500 | 26/08/2022 | Detached |
Street average: £495,500 (5 sales)
Area average: £292,500 (2 sales)
Capital growth trend
Land Registry outcode average: last 12 months vs 5y and 10y ago (from sold prices).
House Price Index (HM Land Registry — official index, not sold-price averages): West Lindsey. Series: Detached. As of July 2026.
Rental Range
Estimated market rent for West Lindsey. Low = conservative, Realistic = average, Optimistic = best case.
Based on Local Authority from postcode lookup → West Lindsey.
LHA (30th percentile) floor for Lincoln: £922/mo (Apr 2025 – Mar 2026)
Location
Nearby
Nearest stations, universities and amenities (distance from property).
| Type | Name | Distance |
|---|---|---|
| Bus stop | All Saints Church | 0.4 miles |
| Bus stop | St Mary's Church | 1.5 miles |
| Shop | Travis Perkins | 2.7 miles |
| Shop | Dexel Tyre & Auto Centre | 2.8 miles |
| Train station | Market Rasen | 3.0 miles |
| Train station | Ludborough | 10.3 miles |
Street-level crime
| Category | Count |
|---|---|
| Criminal damage and arson | 1 |
| Total incidents | 1 |
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 |
|---|---|---|---|
| Tealby School | Primary | 0.4 miles | Good — 23 Jun 2020 |
| De Aston School | Secondary | 2.6 miles | Good — 28 Feb 2013 |
| The Market Rasen Church of England Primary School | Primary | 3.1 miles | Good — 3 Dec 2013 |
| Legsby Primary School | Primary | 3.4 miles | Good — 26 Sep 2023 |
Rental Comparables
Rental listings exist nearby, but none matched the 5-bedroom count for this property.
Rent-driven metrics
Based on Area rent estimate.
- 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).