LN8 5LF is a residential postcode situated on Louth Road, West Barkwith, Market Rasen, LN8 with 23 addresses.
It ranks as the 763rd largest and 553rd 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 23 properties: 22 houses and 1 flat.
LN8 5LF is a residential postcode situated on Louth Road, West Barkwith, Market Rasen, LN8 with 23 addresses.
It ranks as the 763rd largest and 553rd 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 23 properties: 22 houses and 1 flat.
Sale prices range from £90,484 for 2 bedroom Leasehold flats (635 ft2) to £495,109 for 5 bedroom freehold houses with a garden (4,757 ft2) .
Monthly rental prices range from £403 pcm for 2 bed flats to £2,224 pcm for 5 bed houses.
The gross rental yield is between 4.6% and 6.1%.
The average value per square foot is £178.
The last sale in LN8 5LF sold for £750,000 on 26th May 2022. Since then prices are down an average of 2.1%.
The current average value in the postcode is £305,057.
The LN8 5LF Sales Market has increased by 35.4% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | -3.4% | £305,057 |
| April 2025 | 0.6% | £315,636 |
| April 2024 | -1.4% | £313,729 |
| April 2023 | 3.1% | £318,161 |
| April 2022 | 10.7% | £308,681 |
| April 2021 | 5.8% | £278,761 |
| April 2020 | 2.8% | £263,603 |
| April 2019 | 4.3% | £256,420 |
| April 2018 | 3.3% | £245,922 |
| April 2017 | 5.7% | £238,167 |
| April 2016 | 4.4% | £225,375 |
| April 2015 | 5.1% | £215,879 |
| April 2014 | 4.2% | £205,401 |
| April 2013 | 2% | £197,172 |
| April 2012 | -0.4% | £193,392 |
| April 2011 | -2.1% | £194,073 |
| April 2010 | 4% | £198,311 |
| April 2009 | -10.5% | £190,678 |
| April 2008 | -0.1% | £213,028 |
| April 2007 | 0% | £213,180 |
The current average rental value in the postcode is £1,319.
The LN8 5LF Rental Market has increased by 37.9% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 2.6% | £1,319pcm |
| April 2025 | 4.4% | £1,285pcm |
| April 2024 | 4.7% | £1,231pcm |
| April 2023 | 6.7% | £1,177pcm |
| April 2022 | 7.3% | £1,103pcm |
| April 2021 | 2.1% | £1,028pcm |
| April 2020 | 1.6% | £1,007pcm |
| April 2019 | 0.5% | £991pcm |
| April 2018 | 0.6% | £986pcm |
| April 2017 | 2.5% | £980pcm |
| April 2016 | 2.4% | £956pcm |
| April 2015 | 1.7% | £934pcm |
| April 2014 | 2.1% | £918pcm |
| April 2013 | 2.3% | £899pcm |
| April 2012 | 0.6% | £879pcm |
| April 2011 | 2.6% | £873pcm |
| April 2010 | 4% | £851pcm |
| April 2009 | -4.2% | £818pcm |
| April 2008 | 2.7% | £854pcm |
| April 2007 | 0% | £831pcm |
The last sale was on 26th May 2022 for £750,000 and since then the market in the area has decreased by 2.1%. The postcode has had a total of 8 sales since 1995.
LN8 5LF has seen no sales in the last three years and no sales in the last twelve months.
LN8 5LF is the 763rd largest and the 553rd most expensive postcode out of the 920 postcodes in the LN8 area.
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The closest station to LN8 5LF is Market Rasen station which is 9.8 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 5LF, 48.2% of property is privately owned outright and 25.0% 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 5LF, 18.9% of residents are recorded as possessing school level qualifications and 26.4% 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 5LF, the average age was 49.5 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 5LF, 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 5LF, there are an average of 1.7 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.