# 5 bedroom detached bungalow for sale (LN8 3XL) ## Property Details | Key | Value | |-----|-------| | Address | 38 RASEN ROAD, MARKET RASEN, TEALBY, LINCOLNSHIRE LN8 3XL | | Price | £685,000 | | Bedrooms | 5 | | Bathrooms | 2 | | Last sold | £150,000 Feb 2001 | ## 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 ## Property Photos - ![Photo](/listings/photos/94622031/2631826) - ![Photo](/listings/photos/94622031/2631827) - ![Photo](/listings/photos/94622031/2631829) - ![Photo](/listings/photos/94622031/2631830) - ![Photo](/listings/photos/94622031/2631832) - ![Photo](/listings/photos/94622031/2631833) - ![Photo](/listings/photos/94622031/2631834) - ![Photo](/listings/photos/94622031/2631835) - ![Photo](/listings/photos/94622031/2631836) - ![Photo](/listings/photos/94622031/2631837) - ![Photo](/listings/photos/94622031/2631838) - ![Photo](/listings/photos/94622031/2631839) - ![Photo](/listings/photos/94622031/2631840) - ![Photo](/listings/photos/94622031/2631841) - ![Photo](/listings/photos/94622031/2631842) - ![Photo](/listings/photos/94622031/2631843) - ![Photo](/listings/photos/94622031/2631844) - ![Photo](/listings/photos/94622031/2631845) - ![Photo](/listings/photos/94622031/2631846) - ![Photo](/listings/photos/94622031/2631847) - ![Photo](/listings/photos/94622031/2631848) - ![Photo](/listings/photos/94622031/2631849) ## Floorplans - ![All](/listings/photos/94622031/2631850) - All ## EPC Graphs - ![EPC 1](/listings/photos/94622031/2631851) - EPC 1 ## Sales History *Recorded sales for this property. Data from Land Registry Price Paid.* | Address | Price | Date | Type | |---------|-------|------|------| | 38 RASEN ROAD, TEALBY, MARKET RASEN, WEST LINDSEY, LINCOLNSHIRE, LN8 3XL | £150,000 | 15/02/2001 | 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 | |---------|-------|------|------| | [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) ## Price vs local average *Outcode + property type (HousePrices, last 2 years).* - **Local average:** £322,154 (47 Detached, LN8, 2024–2026) - **Deviation:** +112.6% ## 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):** £922/mo ## 1% Rule - **Rent ratio:** 0.11% (weak for cashflow) - **Max investor price (0.8%):** £93,000 - **Target investor price (1%):** £74,400 *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 Area rent estimate.* ## 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)