LN8 3JP is a residential postcode situated on Lancaster Approach, Middle Rasen, Market Rasen, LN8 with 3 addresses.
It ranks as the 137th largest and 826th most expensive of the 920 postcodes in the LN8 area.
The postcode contains a total of 3 properties: 3 houses.
LN8 3JP is a residential postcode situated on Lancaster Approach, Middle Rasen, Market Rasen, LN8 with 3 addresses.
It ranks as the 137th largest and 826th most expensive of the 920 postcodes in the LN8 area.
The postcode contains a total of 3 properties: 3 houses.
Sale prices range from £306,542 for 5 bedroom freehold houses with a garden (2,218 ft2) to £448,437 for 5 bedroom freehold houses with a garden (2,218 ft2) .
Monthly rental prices range from £1,493 pcm for 5 bed houses to £1,741 pcm for 5 bed houses.
The gross rental yield is between 4.7% and 5.8%.
The average value per square foot is £202.
The last sale in LN8 3JP sold for £495,000 on 6th April 2023. Since then prices are down an average of 5.5%.
The current average value in the postcode is £401,138.
The LN8 3JP Sales Market has increased by 42.3% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | -4.6% | £401,138 |
| April 2025 | -1.3% | £420,442 |
| April 2024 | 0.3% | £426,031 |
| April 2023 | 4.3% | £424,659 |
| April 2022 | 11.2% | £407,099 |
| April 2021 | 4.4% | £366,244 |
| April 2020 | 1.9% | £350,805 |
| April 2019 | 9.2% | £344,318 |
| April 2018 | 3.4% | £315,426 |
| April 2017 | 8.2% | £305,036 |
| April 2016 | -0.5% | £281,926 |
| April 2015 | 6.3% | £283,368 |
| April 2014 | 5.3% | £266,556 |
| April 2013 | 0% | £253,118 |
| April 2012 | 2.5% | £253,106 |
| April 2011 | -3.8% | £246,850 |
| April 2010 | 3.9% | £256,570 |
| April 2009 | -8.3% | £246,843 |
| April 2008 | 0% | £269,145 |
| April 2007 | 0% | £269,085 |
The current average rental value in the postcode is £1,659.
The LN8 3JP Rental Market has increased by 45.3% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 1.6% | £1,659pcm |
| April 2025 | 3.7% | £1,633pcm |
| April 2024 | 6.6% | £1,575pcm |
| April 2023 | 6.8% | £1,477pcm |
| April 2022 | 8.4% | £1,383pcm |
| April 2021 | 2.1% | £1,276pcm |
| April 2020 | 2.2% | £1,250pcm |
| April 2019 | 2.1% | £1,223pcm |
| April 2018 | 2.3% | £1,198pcm |
| April 2017 | 2.5% | £1,171pcm |
| April 2016 | 2.4% | £1,142pcm |
| April 2015 | -0.2% | £1,115pcm |
| April 2014 | 2.8% | £1,117pcm |
| April 2013 | 1.1% | £1,087pcm |
| April 2012 | 1.3% | £1,074pcm |
| April 2011 | 2.5% | £1,061pcm |
| April 2010 | 2.8% | £1,035pcm |
| April 2009 | 0.6% | £1,007pcm |
| April 2008 | -6.6% | £1,001pcm |
| April 2007 | 0% | £1,071pcm |
The last sale was on 6th April 2023 for £495,000 and since then the market in the area has decreased by 5.5%. The postcode has had a total of 1 sales since 1995.
LN8 3JP has seen 1 sale in the last three years and no sales in the last twelve months.
LN8 3JP is the 137th largest and the 826th most expensive postcode out of the 920 postcodes in the LN8 area.
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The closest station to LN8 3JP is Market Rasen station which is 2.3 kilometres away.
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The recent census recorded whether a resident owned or rented their home.
In the area around LN8 3JP, 50.0% of property is privately owned outright and 30.2% 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 LN8 3JP, 14.9% of residents are recorded as possessing school level qualifications and 29.4% 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 3JP, 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 3JP, 0.0% 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 3JP, there are an average of 1.6 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.