LN8 3HJ is a residential postcode situated on Market Place, Market Rasen, LN8 with 12 addresses.
It ranks as the 553rd largest and 58th most expensive of the 920 postcodes in the LN8 area. The dominant property type is a period house built between 1800 and 1911.
The postcode contains a total of 12 properties: 1 house and 11 flats.
LN8 3HJ is a residential postcode situated on Market Place, Market Rasen, LN8 with 12 addresses.
It ranks as the 553rd largest and 58th most expensive of the 920 postcodes in the LN8 area. The dominant property type is a period house built between 1800 and 1911.
The postcode contains a total of 12 properties: 1 house and 11 flats.
Sale prices range from £115,088 for 3 bedroom leasehold flats with a garden (2,389 ft2) to £124,025 for 2 bedroom freehold houses with a garden (581 ft2) .
Monthly rental prices range from £508 pcm for 3 bed flats to £712 pcm for 2 bed houses.
The gross rental yield is between 5.0% and 6.9%.
The average value per square foot is £51.
The last sale in LN8 3HJ sold for £150,000 on 14th August 2025. Since then prices are up an average of 31.4%.
The current average value in the postcode is £120,707.
The LN8 3HJ Sales Market has increased by 36.6% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | -2% | £120,707 |
| April 2025 | -1.5% | £123,140 |
| April 2024 | 0.8% | £125,076 |
| April 2023 | 3.1% | £124,043 |
| April 2022 | 10.8% | £120,351 |
| April 2021 | 3.1% | £108,587 |
| April 2020 | 1.7% | £105,367 |
| April 2019 | 7.8% | £103,627 |
| April 2018 | 1.9% | £96,086 |
| April 2017 | 6.7% | £94,311 |
| April 2016 | -1.3% | £88,377 |
| April 2015 | 6.5% | £89,520 |
| April 2014 | 5.9% | £84,062 |
| April 2013 | -2.2% | £79,346 |
| April 2012 | 1.6% | £81,169 |
| April 2011 | -5.1% | £79,921 |
| April 2010 | 2.8% | £84,246 |
| April 2009 | -8.7% | £81,955 |
| April 2008 | -4.4% | £89,788 |
| April 2007 | 0% | £93,918 |
The current average rental value in the postcode is £530.
The LN8 3HJ Rental Market has increased by 39.2% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 4.4% | £530pcm |
| April 2025 | 3.6% | £507pcm |
| April 2024 | 7.1% | £489pcm |
| April 2023 | 5.4% | £457pcm |
| April 2022 | 8% | £433pcm |
| April 2021 | 0.9% | £401pcm |
| April 2020 | 2% | £398pcm |
| April 2019 | 0.7% | £390pcm |
| April 2018 | 0.9% | £388pcm |
| April 2017 | 1% | £384pcm |
| April 2016 | 1.7% | £381pcm |
| April 2015 | -0.1% | £374pcm |
| April 2014 | 3.3% | £374pcm |
| April 2013 | -1% | £362pcm |
| April 2012 | 0.1% | £366pcm |
| April 2011 | 1.1% | £366pcm |
| April 2010 | 1.5% | £362pcm |
| April 2009 | 0.3% | £356pcm |
| April 2008 | -10.7% | £355pcm |
| April 2007 | 0% | £398pcm |
The last sale was on 14th August 2025 for £150,000 and since then the market in the area has increased by 31.4%. The postcode has had a total of 9 sales since 1995.
LN8 3HJ has seen 1 sale in the last three years and 1 sale in the last twelve months.
LN8 3HJ is the 553rd largest and the 58th most expensive postcode out of the 920 postcodes in the LN8 area.
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The closest station to LN8 3HJ 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 3HJ, 41.5% of property is privately owned outright and 35.5% is privately rented.
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 3HJ, 11.7% of residents are recorded as possessing school level qualifications and 34.0% 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 3HJ, 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 3HJ, 0.3% 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 3HJ, there are an average of 1.1 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.