£995,000
4 bed detached house for saleLincoln Road, Faldingworth, Market Rasen LN8
4 beds
1 bath
4 receptions
eXp World UK
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About this property
Ref: RM0870
Commercial and residential opportunity
Tenant in situ in commercial unit paying £36K pa
Scope to drastically increase rental income from commercial
4 bedroom home
4 reception rooms
Half acre paddock
Workshops
Double garage
Ref: RM0870
This substantial four bedroom detached property, set on a large and versatile plot, is offered for sale alongside a neighbouring commercial unit, creating a rare mixed-use opportunity with significant residential, business, and investment potential.
The main residence is spacious and well arranged, offering four bedrooms and four reception rooms, making it suitable as a large family home or for those seeking to combine living accommodation with business use. The ground floor comprises a generous kitchen with central island and double doors opening to the rear garden, a downstairs WC, living room, dining room, conservatory, and a distinctive spa room where the current owners have created a leisure space with hot tub and bar.
To the first floor are 2 double bedrooms and 2 single bedrooms, together with a family bathroom. The hallway and landing are spacious and inviting, enhancing the overall sense of scale within the home.
Externally, the residential plot continues to offer a wide range of facilities. To the front is a double garage with electric door and a well-maintained garden. To the rear, a seating and entertaining area with pergola and astro turf can be accessed from both the conservatory and spa room. Immediately behind the house is a garden area incorporating a dog kennel and log cabin, which offers potential for conversion into an annexe or studio, subject to any necessary consents.
Further back on the plot are two large workshops, from which the current owners have previously operated a business. One workshop includes a spraying area, work space, reception area, disabled WC, and first-floor office. The second workshop offers two large open work areas, details of which can be seen within the photographs. To the side of the property is a secure half-acre paddock, adding further flexibility for animal use, storage, or leisure purposes.
In addition to the residential property, the sale also includes a large adjoining commercial unit, currently operated as a dog kennel manufacturing facility. The premises is presently leased at £36,000 per annum inclusive of VAT, with the lease due to expire in October 2026. The current tenant has expressed an interest in entering into a new five-year lease, providing an immediate income opportunity for an investor. Alternatively, vacant possession could be taken back upon lease expiry.
The commercial premises has a history of varied uses, including a car garage, petrol station, car showroom, and manufacturing, highlighting its adaptability. There is scope to subdivide the unit and let areas separately, and the owners advise that interest has previously been received from parties seeking to lease part of the frontage for uses such as a car wash. The owners further advise that the potential rental income could be significantly increased by letting the unit in sections, subject to any necessary permissions.
While the residential dwelling would benefit from some modernisation, the scale, versatility, and income potential offered by the combined residential and commercial elements make this an exceptional opportunity. Viewing is essential to fully appreciate the space, flexibility, and possibilities on offer.
Anti-money laundering regulations - We are required by law to conduct Anti-Money Laundering (aml) checks on all parties involved in the sale or purchase of a property. We take the responsibility of this seriously in line with hmrc guidance, and in ensuring the accuracy and continuous monitoring of these checks. Our partner, Movebutler, will carry out the initial checks on our behalf. They will contact you once your offer has been accepted, to conclude, where possible, a biometric check with you electronically.
As an applicant, you will be charged a non-refundable fee of £30 (inclusive of VAT) per buyer for these checks. The fee covers data collection, manual checking, and monitoring. You will need to pay this amount directly to Movebutler and complete all Anti-Money Laundering (aml) checks before your offer can be formally accepted.
Agents note - Please be advised that the property details may be subject to change and must not be relied upon as an accurate description of this home. Although these details are considered materially correct, the accuracy cannot be guaranteed, and they do not form part of any contract. Where a title plan map image is available, we will use this in all marketing, but if it is not, we will add lines to what we believe are the boundaries of the subject property. All services and appliances must be considered 'untested', and a buyer should ensure their appointed solicitor collates any relevant information or service/warranty documentation. Please note that all dimensions are approximate/maximums and should not be relied upon for floor coverings.
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