LE16 8JQ is a residential postcode situated on Homefield Close, Medbourne, Market Harborough, LE16 with 15 addresses.
It ranks as the 493rd largest and 264th most expensive of the 975 postcodes in the LE16 area.
The postcode contains a total of 15 properties: 15 houses.
LE16 8JQ is a residential postcode situated on Homefield Close, Medbourne, Market Harborough, LE16 with 15 addresses.
It ranks as the 493rd largest and 264th most expensive of the 975 postcodes in the LE16 area.
The postcode contains a total of 15 properties: 15 houses.
Sale prices range from £262,121 for 2 bedroom freehold houses with a garden (486 ft2) to £576,553 for 5 bedroom freehold houses with a garden (1,895 ft2) .
Monthly rental prices range from £1,143 pcm for 2 bed houses to £2,059 pcm for 5 bed houses.
The gross rental yield is between 4.2% and 5.4%.
The average value per square foot is £520.
The last sale in LE16 8JQ sold for £825,000 on 17th April 2025. Since then prices are down an average of 0.8%.
The current average value in the postcode is £350,470.
The LE16 8JQ Sales Market has increased by 43.0% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | -1.2% | £350,470 |
| April 2025 | 0.6% | £354,703 |
| April 2024 | -4.1% | £352,579 |
| April 2023 | 4% | £367,569 |
| April 2022 | 12% | £353,525 |
| April 2021 | 7.2% | £315,783 |
| April 2020 | 2.2% | £294,659 |
| April 2019 | 1% | £288,444 |
| April 2018 | 7.1% | £285,646 |
| April 2017 | 8.8% | £266,693 |
| April 2016 | 8.3% | £245,118 |
| April 2015 | 7% | £226,245 |
| April 2014 | 7.3% | £211,498 |
| April 2013 | 3.5% | £197,138 |
| April 2012 | 0.4% | £190,485 |
| April 2011 | 0% | £189,665 |
| April 2010 | 4% | £189,633 |
| April 2009 | -15.1% | £182,282 |
| April 2008 | 0.3% | £214,639 |
| April 2007 | 0% | £213,985 |
The current average rental value in the postcode is £1,396.
The LE16 8JQ Rental Market has increased by 53.4% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 0.7% | £1,396pcm |
| April 2025 | 5.9% | £1,386pcm |
| April 2024 | 6.7% | £1,309pcm |
| April 2023 | 7% | £1,227pcm |
| April 2022 | 8.5% | £1,147pcm |
| April 2021 | 5.7% | £1,057pcm |
| April 2020 | 1.3% | £1,000pcm |
| April 2019 | 0.3% | £988pcm |
| April 2018 | 3.3% | £985pcm |
| April 2017 | 4.8% | £954pcm |
| April 2016 | 8.4% | £910pcm |
| April 2015 | 4.7% | £839pcm |
| April 2014 | 3.1% | £801pcm |
| April 2013 | 4.1% | £777pcm |
| April 2012 | 1.4% | £746pcm |
| April 2011 | 3.2% | £736pcm |
| April 2010 | 2.1% | £713pcm |
| April 2009 | -5.9% | £699pcm |
| April 2008 | 6.7% | £743pcm |
| April 2007 | 0% | £696pcm |
The last sale was on 17th April 2025 for £825,000 and since then the market in the area has decreased by 0.8%. The postcode has had a total of 10 sales since 1995.
LE16 8JQ has seen 10 sales in the last three years and no sales in the last twelve months.
LE16 8JQ is the 493rd largest and the 264th most expensive postcode out of the 975 postcodes in the LE16 area.
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The closest station to LE16 8JQ is Market Harborough station which is 7.9 kilometres away.
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According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around LE16 8JQ, 49.8% of property is privately owned outright and 29.6% is privately owned with a mortgage.
The graph below shows how this compares to East Midlands and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around LE16 8JQ, 17.0% of residents are recorded as possessing school level qualifications and 49.2% as possessing degree level qualifications.
The graph below shows how this compares to East Midlands and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around LE16 8JQ, the average age was 46.3 and the most common age was 57.
The graph below shows how this compares to East Midlands and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around LE16 8JQ, 3.9% of property was a second home.
Comparison figures for East Midlands and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around LE16 8JQ, there are an average of 1.8 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.