LN8 3BS is a residential postcode situated on Oak Tree Close, Market Rasen, LN8 with 5 addresses.
It ranks as the 274th largest and 281st most expensive of the 920 postcodes in the LN8 area. The dominant property type is a modern house built after 1980.
The postcode contains a total of 5 properties: 5 houses.
LN8 3BS is a residential postcode situated on Oak Tree Close, Market Rasen, LN8 with 5 addresses.
It ranks as the 274th largest and 281st most expensive of the 920 postcodes in the LN8 area. The dominant property type is a modern house built after 1980.
The postcode contains a total of 5 properties: 5 houses.
Sale prices range from £203,420 for 2 bedroom freehold houses with a garden (602 ft2) to £212,752 for 2 bedroom freehold houses with a garden (602 ft2) .
Monthly rental prices range from £783 pcm for 2 bed houses to £819 pcm for 2 bed houses.
The gross rental yield is between 4.6% and 4.6%.
The average value per square foot is £344.
The current average value in the postcode is £207,983.
The LN8 3BS Sales Market has increased by 43.0% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | -1.7% | £207,983 |
| April 2025 | -0.4% | £211,603 |
| April 2024 | -0.3% | £212,511 |
| April 2023 | 3.7% | £213,095 |
| April 2022 | 12.4% | £205,405 |
| April 2021 | 4.3% | £182,730 |
| April 2020 | 1.8% | £175,208 |
| April 2019 | 8.7% | £172,152 |
| April 2018 | 2.1% | £158,426 |
| April 2017 | 6.7% | £155,208 |
| April 2016 | -1.3% | £145,482 |
| April 2015 | 7.6% | £147,371 |
| April 2014 | 7.5% | £136,959 |
| April 2013 | -2.5% | £127,386 |
| April 2012 | 2.2% | £130,673 |
| April 2011 | -5.9% | £127,806 |
| April 2010 | 2.7% | £135,868 |
| April 2009 | -9.5% | £132,290 |
| April 2008 | -3.1% | £146,246 |
| April 2007 | 0% | £150,923 |
The current average rental value in the postcode is £800.
The LN8 3BS Rental Market has increased by 45.7% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 4.7% | £800pcm |
| April 2025 | 4.8% | £764pcm |
| April 2024 | 6% | £729pcm |
| April 2023 | 6.1% | £688pcm |
| April 2022 | 9.5% | £648pcm |
| April 2021 | 2.1% | £592pcm |
| April 2020 | 2.1% | £580pcm |
| April 2019 | 1.4% | £568pcm |
| April 2018 | 1.1% | £560pcm |
| April 2017 | 0.9% | £554pcm |
| April 2016 | 1.7% | £549pcm |
| April 2015 | 1% | £540pcm |
| April 2014 | 4.9% | £535pcm |
| April 2013 | -1.3% | £510pcm |
| April 2012 | 0.8% | £516pcm |
| April 2011 | 0.3% | £513pcm |
| April 2010 | 1.4% | £511pcm |
| April 2009 | -0.6% | £504pcm |
| April 2008 | -9.5% | £507pcm |
| April 2007 | 0% | £560pcm |
LN8 3BS is the 274th largest and the 281st most expensive postcode out of the 920 postcodes in the LN8 area.
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The closest station to LN8 3BS is Market Rasen station which is 300 metres away.
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The recent census recorded whether a resident owned or rented their home.
In the area around LN8 3BS, 42.1% of property is socially rented and 25.7% is privately owned outright.
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 LN8 3BS, 9.7% of residents are recorded as possessing school level qualifications and 22.1% 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 LN8 3BS, the average age was 47 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 LN8 3BS, 0.9% 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 LN8 3BS, there are an average of 0.9 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.