LN8 3PJ is a residential postcode situated on South Owersby, Market Rasen, LN8 with 9 addresses.
It ranks as the 457th largest and 760th most expensive of the 920 postcodes in the LN8 area. The dominant property type is a mid-century house built between 1936 and 1979.
The postcode contains a total of 9 properties: 7 houses and 2 flats.
LN8 3PJ is a residential postcode situated on South Owersby, Market Rasen, LN8 with 9 addresses.
It ranks as the 457th largest and 760th most expensive of the 920 postcodes in the LN8 area. The dominant property type is a mid-century house built between 1936 and 1979.
The postcode contains a total of 9 properties: 7 houses and 2 flats.
Sale prices range from £90,484 for 2 bedroom Leasehold flats (807 ft2) to £448,437 for 5 bedroom freehold houses with a garden (2,917 ft2) .
Monthly rental prices range from £403 pcm for 2 bed flats to £1,749 pcm for 5 bed houses.
The gross rental yield is between 4.7% and 5.3%.
The average value per square foot is £154.
The last sale in LN8 3PJ sold for £520,000 on 15th November 2006. Since then prices are down an average of 0.0%.
The current average value in the postcode is £311,423.
The LN8 3PJ Sales Market has increased by 37.2% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | -3.4% | £311,423 |
| April 2025 | -1.4% | £322,512 |
| April 2024 | 0.7% | £327,131 |
| April 2023 | 3.4% | £324,765 |
| April 2022 | 10.6% | £314,205 |
| April 2021 | 3.5% | £284,162 |
| April 2020 | 1.7% | £274,429 |
| April 2019 | 8.1% | £269,942 |
| April 2018 | 2.5% | £249,708 |
| April 2017 | 7.4% | £243,646 |
| April 2016 | -0.6% | £226,929 |
| April 2015 | 6.1% | £228,329 |
| April 2014 | 5.4% | £215,108 |
| April 2013 | -1.1% | £204,094 |
| April 2012 | 1.5% | £206,432 |
| April 2011 | -4.3% | £203,465 |
| April 2010 | 3.5% | £212,603 |
| April 2009 | -8.6% | £205,429 |
| April 2008 | -2.3% | £224,670 |
| April 2007 | 0% | £229,991 |
The current average rental value in the postcode is £1,244.
The LN8 3PJ Rental Market has increased by 40.1% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 2.8% | £1,244pcm |
| April 2025 | 3.6% | £1,210pcm |
| April 2024 | 7% | £1,168pcm |
| April 2023 | 5.8% | £1,091pcm |
| April 2022 | 7.8% | £1,031pcm |
| April 2021 | 1.3% | £957pcm |
| April 2020 | 2% | £945pcm |
| April 2019 | 1.1% | £927pcm |
| April 2018 | 1.4% | £916pcm |
| April 2017 | 1.7% | £903pcm |
| April 2016 | 2.3% | £888pcm |
| April 2015 | -0.3% | £868pcm |
| April 2014 | 2.8% | £871pcm |
| April 2013 | 0% | £847pcm |
| April 2012 | 0.2% | £847pcm |
| April 2011 | 2% | £845pcm |
| April 2010 | 2.3% | £829pcm |
| April 2009 | 0.3% | £810pcm |
| April 2008 | -8.8% | £807pcm |
| April 2007 | 0% | £885pcm |
The last sale was on 15th November 2006 for £520,000 and since then the market in the area has remained stable. The postcode has had a total of 2 sales since 1995.
LN8 3PJ has seen no sales in the last three years and no sales in the last twelve months.
LN8 3PJ is the 457th largest and the 760th most expensive postcode out of the 920 postcodes in the LN8 area.
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The closest station to LN8 3PJ is Market Rasen station which is 6.5 kilometres away.
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According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
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 LN8 3PJ, 59.8% of property is privately owned outright and 23.1% 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 3PJ, 12.4% of residents are recorded as possessing school level qualifications and 29.8% 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 3PJ, 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 3PJ, 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 3PJ, there are an average of 1.9 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.