For sale Detached

38 RASEN ROAD

MARKET RASEN, TEALBY, LINCOLNSHIRE LN8 3XL

5 beds 2 baths 170 m² Listed 22 Oct 2026 (-12d)

£685,000

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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

Situated in the highly regarded and picturesque village of Tealby, this attractive, generously proportioned and well-presented five-bedroom detached bungalow offers a rare combination of spacious accommodation, versatile living space and an impressive 2.3 acres of grounds. The property, which was built in the 1920s in the Arts and Crafts style and retains many stunning, original period features, has also been extended, renovated and updated over time.  It therefore provides excellent flexibility for family life, with five good-sized bedrooms, two bathrooms and two reception rooms, creating a comfortable and adaptable home with plenty of space for entertaining, working from home or accommodating guests.
 
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.

Floorplans

All

All

EPC Graphs

EPC 1

EPC 1

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).

5y growth 6.7%
10y growth 9.4%

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: £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 0.11%
Max investor price (0.8%) £93,000
Target investor price (1%) £74,400
  • 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).