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About This Property

Discover what makes this home special

This charming three-bedroom house in Milford, Lincolnshire, offers a comfortable and practical living space ideal for families or first-time buyers. The property features a spacious lounge, a modern kitchen/dining area with access to the garden, and a convenient cloakroom on the ground floor. Upstairs, there are three well-proportioned bedrooms and a family bathroom, providing ample space for a growing household.

Located in a semi-rural setting near the village of Market Rasen, this home benefits from peaceful surroundings while maintaining reasonable access to local amenities and transport links. The property presents an excellent opportunity for buyers seeking a balance between countryside living and connectivity to nearby urban centres such as Lincoln.

Property Features

The property boasts a well-designed layout with a large kitchen/dining room that opens onto the garden, perfect for entertaining and family meals. The separate lounge provides a cozy space for relaxation. Additional features include a downstairs cloakroom and useful storage cupboard under the stairs. Upstairs, the three bedrooms offer flexibility for family, guests, or a home office, complemented by a family bathroom.

GardenCloakroomKitchen/Dining RoomLoungeThree BedroomsFamily Bathroom+1

Local Amenities

Milford benefits from proximity to Market Rasen, which offers a range of local amenities including primary and secondary schools such as Market Rasen Primary School and Caistor Grammar School, known for their good reputations. Residents have access to supermarkets, local shops, and leisure facilities including a golf club and racecourse. The area is surrounded by green spaces and parks, ideal for outdoor activities and family outings.

Market Rasen Primary SchoolCaistor Grammar SchoolMarket Rasen SupermarketLocal ShopsMarket Rasen Golf ClubMarket Rasen Racecourse+1
Market Rasen Train Station (3.3 miles, 8 mins drive) • 25 mins by car to Lincoln

Estimate Calculator

Mortgage Calculator

25%
25
4.5%
Monthly Payment-
Purchase Costs
Total Price£239,995
Mortgage Deposit-
Stamp Duty-
Deposit Contribution£0
Searches & Other£1,500
Legal Fees£2,000
Total Cash Required-
Monthly Costs & Income
Estimated Service Charge£0/mo
Estimated Ground Rent£0/mo
Mortgage-
Landlord's Insurance£25/mo
Agency Fees-
Est. Rent-
Net Monthly-

Mortgage Calculator

10%
25
4.5%
Monthly Payment-
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Purchase Costs
Total Price£239,995
Mortgage Deposit-
Stamp Duty-
Deposit Contribution£0
Searches & Other£1,500
Legal Fees£1,500
Total Cash Required-
Monthly Costs
Estimated Service Charge£0/mo
Estimated Ground Rent£0/mo
Mortgage-
Home Insurance£30/mo
Total Monthly-

International Suitability

Moderate Opportunity
55/100
ChallengingModerateGoodExcellent
Affordable property price
Limited direct international transport links
Stable local rental demand

International Buyer Calculator

35%
20
5.5%
Monthly Payment-
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International buyers typically require 25-40% deposit with limited lender options
Purchase Costs (Non-UK Resident)
Total Price£239,995
Mortgage Deposit (Min 25%)-
Stamp Duty + 2% Surcharge-
Legal Fees (Intl Complex)£3,500
AML & ID Verification£500
Bank Transfer Fees£1,000
Total Cash Required-
Monthly Costs & Income
Estimated Service Charge£0/mo
Estimated Ground Rent£0/mo
Mortgage-
Full Management (10%)-
Landlord's Insurance£35/mo
Est. Rent-
Net Monthly-
Key Considerations for International Buyers
+2% Stamp DutyAdditional surcharge for non-UK residents on property purchases
Higher DepositMost lenders require 25-40% deposit for non-UK residents
AML ComplianceEnhanced due diligence and source of funds verification required
Property ManagementFull management service recommended for overseas landlords

Investment Analytics

Key metrics for investors & buyers
Gross Rental Yield
5.1%
Based on £1,020/mo rent
Area Price Growth
+0.2%
Average annual increase
5-Year Value Forecast
£242,405
+£2,410 projected gain
5-Year Rent Forecast
£1,289/mo
Based on 4.8% annual growth
Price per Sq Ft£267
Annual Rent Income£12,240
10-Year ROI204%
Break-Even Point17 yrs

Property Value Projection

Based on 0.2% annual growth
£242,405
5yr
£244,838
10yr
£247,297
15yr
£249,779
20yr
£252,287
25yr
Current: £239,995

Monthly Rental Income

Based on 4.8% annual growth
£1,289
5yr
£1,630
10yr
£2,061
15yr
£2,605
20yr
£3,293
25yr
Current: £1,020/mo
* Projections are estimates based on historical market data and are not guaranteed. Past performance does not indicate future results.

Property Features

Local Area & Amenities

Floorplan

Ground Floor

Property Floorplan

Location

Commute Time Planner

Lincoln
20 mins
25 mins
Grimsby
40 mins
45 mins

Location Scores

45
Walk Score
Car-Dependent
40
Transit Score
Some Transit
50
Bike Score
Bikeable
View Location Details

Future Developments Nearby

Transport Infrastructure+Positive Impact
Lincoln Eastern Bypass Extension
5 milesEst. 2025
Commercial and ResidentialModerate Positive Impact
Market Rasen Town Centre Regeneration
3.5 milesEst. 2027
* Information based on local planning applications and may be subject to change

Loading location insights...

£239,995
AvailableNB0000054194
View Location Analytics

Milford

Eastern, LN11 7AX
Tennyson Fields 2, Louth
3
Bedrooms
1
Bathrooms
900
Est. Sq ft
house
Type

Developer

Lovell Homes
Available Plot Numbers
157175184186
4 plot(s) available
Ownershipfreehold

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£239,995Milford

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Milford
MilfordEastern£239,995

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