Louth Road - LN8 5LB
Key Postcode Insights
LN8 5LB is a residential postcode situated on Louth Road, Wragby, Market Rasen, LN8 with 13 addresses.
It ranks as the 593rd largest and 681st most expensive of the 920 postcodes in the LN8 area. The most common property type is a early-century house built between 1912 and 1935.
The postcode contains a total of 13 properties: 13 houses.
- Ave. Sale Price
- £337,326
- 10 Year change
- up 41.0%
- Ave. Rental Price
- £1,316pcm
- 10 Year change
- up 50.8%
- Ave. £ per ft²
- £221/ft²
- Ave. Gross Yield
- 4.7%/year/yr
Key Postcode Insights
LN8 5LB is a residential postcode situated on Louth Road, Wragby, Market Rasen, LN8 with 13 addresses.
It ranks as the 593rd largest and 681st most expensive of the 920 postcodes in the LN8 area. The most common property type is a early-century house built between 1912 and 1935.
The postcode contains a total of 13 properties: 13 houses.
- Ave. Sale Price
- £337,326
- 10 Year change
- up 41.0%
- Ave. Rental Price
- £1,316pcm
- 10 Year change
- up 50.8%
- Ave. £ per ft²
- £221/ft²
- Ave. Gross Yield
- 4.7%/year/yr
Explore Propertiesin LN8 5LB
- Ashdene
Unknown
- Barn View
4 Bed Modern House
- Caravel
3 Bed Modern House
- Fairways
4 Bed Early-century House
- Four Wynds
4 Bed Early-century House
Sales Market Trends
The last sale in LN8 5LB sold for £455,000 on 25th September 2023. Since then prices are down an average of 1.0%.
The current average value in the postcode is £337,326.
The LN8 5LB Sales Market has increased by 41.0% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | -1.2% | £337,326 |
| June 2025 | 0.5% | £341,423 |
| June 2024 | -0.6% | £339,852 |
| June 2023 | 0.9% | £341,841 |
| June 2022 | 11.8% | £338,683 |
| June 2021 | 6.7% | £302,821 |
| June 2020 | 3.4% | £283,727 |
| June 2019 | 4.2% | £274,289 |
| June 2018 | 3.8% | £263,120 |
| June 2017 | 5.9% | £253,423 |
| June 2016 | 3.4% | £239,203 |
| June 2015 | 5.3% | £231,323 |
| June 2014 | 6.3% | £219,741 |
| June 2013 | -0.1% | £206,664 |
| June 2012 | -0.8% | £206,934 |
| June 2011 | -1.2% | £208,608 |
| June 2010 | 6.5% | £211,214 |
| June 2009 | -9.1% | £198,365 |
| June 2008 | -2.6% | £218,276 |
| June 2007 | 0% | £224,006 |
Rental Market Trends
The current average rental value in the postcode is £1,316.
The LN8 5LB Rental Market has increased by 50.8% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 4.2% | £1,316pcm |
| June 2025 | 3.5% | £1,263pcm |
| June 2024 | 5.6% | £1,220pcm |
| June 2023 | 7.9% | £1,156pcm |
| June 2022 | 7.2% | £1,072pcm |
| June 2021 | 6.2% | £1,000pcm |
| June 2020 | 2% | £942pcm |
| June 2019 | 1.7% | £923pcm |
| June 2018 | 1.6% | £908pcm |
| June 2017 | 2.3% | £893pcm |
| June 2016 | 3.8% | £873pcm |
| June 2015 | 1.5% | £841pcm |
| June 2014 | 4% | £829pcm |
| June 2013 | 0.1% | £797pcm |
| June 2012 | 0.4% | £796pcm |
| June 2011 | 2% | £793pcm |
| June 2010 | 2.8% | £778pcm |
| June 2009 | -2.3% | £756pcm |
| June 2008 | -1.5% | £774pcm |
| June 2007 | 0% | £785pcm |
Sales History
The last sale was on 25th September 2023 for £455,000 and since then the market in the area has decreased by 1.0%. The postcode has had a total of 12 sales since 1995.
LN8 5LB has seen 3 sales in the last three years and no sales in the last twelve months.
- Sold Sep 2023£455,000 | 4 Bed HouseFairways, Louth Road, Market Rasen, LN8 5LBFairways, Louth Road, Market Rasen, LN8 5LB
- Sold Aug 2023£105,000 | 4 Bed HouseOakdene, Louth Road, Market Rasen, LN8 5LBOakdene, Louth Road, Market Rasen, LN8 5LB
- Sold May 2023£390,000 | 4 Bed HouseBarn View, Louth Road, Market Rasen, LN8 5LBBarn View, Louth Road, Market Rasen, LN8 5LB
- Sold Sep 2021£400,000 | 4 Bed HouseThe Pines, Louth Road, Market Rasen, LN8 5LBThe Pines, Louth Road, Market Rasen, LN8 5LB
- Sold Apr 2019£325,000 | 4 Bed HouseThe Pines, Louth Road, Market Rasen, LN8 5LBThe Pines, Louth Road, Market Rasen, LN8 5LB
Nearby Postcodes
LN8 5LB is the 593rd largest and the 681st most expensive postcode out of the 920 postcodes in the LN8 area.
- LN8 5PH, Louth Road, Wragby, Market Rasen, LN8LN8 5PH47 Addresses|406 m away
- LN8 5PJ, Silver Street, Wragby, Market Rasen, LN8LN8 5PJ19 Addresses|533 m away
- LN8 5YF, Station Drive, Wragby, Market Rasen, LN8LN8 5YF18 Addresses|551 m away
- LN8 5RD, Horncastle Road, Wragby, Market Rasen, LN8LN8 5RD6 Addresses|588 m away
- LN8 5YB, Bridle Way, Wragby, Market Rasen, LN8LN8 5YB28 Addresses|593 m away
Property Types
- 3 modern houses built after 1980
- 1 mid-century house built between 1936 and 1979
- 1 house of an unknown age
- 4 early-century houses built between 1912 and 1935
- 4 other addresses of unknown type
- modern house (3)
- mid-century house (1)
- house (1)
- early-century house (4)
- Unknown (4)
Energy Efficiency
- Energy Performance Certificate (EPC) surveys conducted for 8 properties.
- The most common rating is D.
- A (0)
- E (1)
- B (1)
- F (1)
- C (2)
- G (0)
- D (3)
- No EPC (5)
Top 3 Most Expensive Sales
- Sold Feb 2022£490,000 | 5 Bed HouseThornfield, Louth Road, Market Rasen, LN8 5PHThornfield, Louth Road, Market Rasen, LN8 5PH
- Sold Sep 2023£455,000 | 4 Bed HouseFairways, Louth Road, Market Rasen, LN8 5LBFairways, Louth Road, Market Rasen, LN8 5LB
- Sold Oct 2022£444,000 | 4 Bed HouseEastgate Lodge, Louth Road, Market Rasen, LN8 5PHEastgate Lodge, Louth Road, Market Rasen, LN8 5PH
Schools Nearby
- Wragby Primary School600 m away
- Legsby Primary School6.9 km away
- Bardney Church of England and Methodist Primary School9.0 km away
- De Aston School10.4 km away
- The Priory Pembroke Academy12.2 km away
- William Farr CofE Comprehensive School12.6 km away
More reading links
Public Transport Nearby
The closest station to LN8 5LB is Market Rasen station, which is 10.7 kilometres away.
- Market Rasen|10.7 km away
- Lincoln|18.0 km away
- Metheringham|18.3 km away
- Hykeham|23.0 km away
