LN8 5RL is a residential postcode situated on Sandringham Drive, Wragby, Market Rasen, LN8 with 8 addresses.
It ranks as the 430th largest and 390th 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 8 properties: 8 houses.
LN8 5RL is a residential postcode situated on Sandringham Drive, Wragby, Market Rasen, LN8 with 8 addresses.
It ranks as the 430th largest and 390th 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 8 properties: 8 houses.
Sale prices range from £214,571 for 3 bedroom leasehold houses with a garden (807 ft2) to £235,448 for 3 bedroom freehold houses with a garden (807 ft2) .
Monthly rental prices range from £983 pcm for 3 bed houses to £999 pcm for 3 bed houses.
The gross rental yield is between 5.1% and 5.5%.
The average value per square foot is £294.
The last sale in LN8 5RL sold for £212,000 on 8th July 2020. Since then prices are up an average of 17.3%.
The current average value in the postcode is £230,720.
The LN8 5RL Sales Market has increased by 38.8% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | -2.1% | £230,720 |
| April 2025 | 1.4% | £235,741 |
| April 2024 | -2% | £232,545 |
| April 2023 | 3.2% | £237,210 |
| April 2022 | 11.8% | £229,876 |
| April 2021 | 6.2% | £205,652 |
| April 2020 | 2.8% | £193,579 |
| April 2019 | 4.3% | £188,333 |
| April 2018 | 3.2% | £180,638 |
| April 2017 | 5.3% | £175,104 |
| April 2016 | 4.3% | £166,272 |
| April 2015 | 6% | £159,352 |
| April 2014 | 5.5% | £150,379 |
| April 2013 | 1.3% | £142,499 |
| April 2012 | -0.4% | £140,618 |
| April 2011 | -2.9% | £141,183 |
| April 2010 | 4.1% | £145,406 |
| April 2009 | -10.8% | £139,653 |
| April 2008 | -1.1% | £156,577 |
| April 2007 | 0% | £158,278 |
The current average rental value in the postcode is £991.
The LN8 5RL Rental Market has increased by 41.4% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 3.9% | £991pcm |
| April 2025 | 5.2% | £954pcm |
| April 2024 | 4% | £907pcm |
| April 2023 | 6.8% | £872pcm |
| April 2022 | 8.3% | £816pcm |
| April 2021 | 2.6% | £753pcm |
| April 2020 | 1.5% | £735pcm |
| April 2019 | 0.5% | £724pcm |
| April 2018 | 0.5% | £720pcm |
| April 2017 | 2.1% | £716pcm |
| April 2016 | 2.4% | £701pcm |
| April 2015 | 2.5% | £685pcm |
| April 2014 | 3.4% | £668pcm |
| April 2013 | 1.7% | £646pcm |
| April 2012 | 0.6% | £635pcm |
| April 2011 | 1.8% | £631pcm |
| April 2010 | 4.1% | £620pcm |
| April 2009 | -4.6% | £595pcm |
| April 2008 | 1.7% | £624pcm |
| April 2007 | 0% | £613pcm |
The last sale was on 8th July 2020 for £212,000 and since then the market in the area has increased by 17.3%. The postcode has had a total of 10 sales since 1995.
LN8 5RL has seen no sales in the last three years and no sales in the last twelve months.
LN8 5RL is the 430th largest and the 390th most expensive postcode out of the 920 postcodes in the LN8 area.
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The closest station to LN8 5RL is Market Rasen station which is 11.3 kilometres away.
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The recent census recorded whether a resident owned or rented their home.
In the area around LN8 5RL, 69.9% of property is privately owned outright and 20.6% 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 5RL, 5.5% of residents are recorded as possessing school level qualifications and 23.6% 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 5RL, 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 5RL, 2.0% 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 5RL, there are an average of 1.5 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.
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.