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Property Price Trends
Willingham Rd, Market Rasen, Lincolnshire
LN8 5RP East Lindsey District
What are the historical property price trends?
Explore the yearly trends in property prices for the LN8 postcode district in the UK. Stay informed and make smart real estate decisions based on the accurate, analysed data.
Property Price Trends
LN8
Most Expensive Property
£6,794,377
Racecourse Garage Willingham Road, LN8 3RE
Sold: 05 October 2023
Cheapest Property
£84,500
49 Serpentine Street, LN8 3AR
Sold: 05 December 2023
£228,000
The average house price in East Lindsey was £228,000 in November 2024 (provisional), up 2.7% from November 2023. This was similar to the rise in the East Midlands over the same period.
£650
Private rents rose to an average of £650 in December 2024, an annual increase of 9.7% from £593 in December 2023. This was higher than the rise in the East Midlands (8.3%) over the year.
£193,000
The average price paid by first-time buyers was £193,000 in November 2024 (provisional). This was 3.9% higher than the average of £186,000 in November 2023 (revised).
£230,000
For homes bought with a mortgage, the average house price was £230,000 in November 2024 (provisional). This was 3.2% higher than the average of £223,000 in November 2023 (revised).
Data last updated: 17 Feb 2025. Data extracted from ONS housing prices/rents: inflation and price indices by local authority (East Lindsey, E07000137). Rent estimates are provisional, and are for the latest 2 months.
Local House Price Trends
Have property prices been rising or falling in LN8 5RP?
The graph below shows the five-year capital growth figures for properties for the LN8 postcode district. Figures show year-on-year capital growth and not accumulative growth over the five-year period.
Compare House Price Trends
Enter a postcode below to compare the property prices in LN8 with any other UK postcode:
Regional Property Analysis
What trends is the property market seeing in Lincolnshire?
Homebuyers
For homebuyers looking to purchase property in Lincolnshire, the market is currently experiencing a steady increase in house prices. According to recent data, the average house price in Lincolnshire is £241,822, with popular areas like Lincoln (LN1, LN2) and Grantham (NG31) seeing the highest demand. However, the availability of housing stock can be limited in these sought-after areas, leading to increased competition among buyers. It is important for homebuyers to act quickly and be prepared to make competitive offers to secure their desired property. Overall, the property market in Lincolnshire offers a mix of affordable options and higher-end properties, catering to a range of buyers' needs and preferences.
Renters
Rent prices in Lincolnshire vary depending on the type of property and location, with the average monthly rent for a two-bedroom property standing at around £650. Popular rental areas include Lincoln (LN5, LN6) and Scunthorpe (DN15), where demand for rental properties remains high. However, renters may find limited availability in these areas, particularly for properties with desirable features and amenities. It is advisable for renters to start their search early and be prepared to act quickly when a suitable property becomes available. Overall, the rental market in Lincolnshire offers a mix of affordable options and higher-end rentals, catering to a range of tenants' needs and preferences.
Investors
For investors looking to purchase property in Lincolnshire, the market offers promising opportunities for capital growth and rental income. The average rental yield in Lincolnshire is around 4.5%, making it an attractive option for investors seeking a steady return on their investment. Areas like Boston (PE21, PE22) and Skegness (PE24) are popular among investors due to their affordability and potential for high rental demand. However, it is important for investors to conduct thorough research and due diligence before making any investment decisions. Overall, the property market in Lincolnshire presents a mix of options for investors, whether they are looking for buy-to-let opportunities or properties for long-term capital growth.
Homebuyers
For homebuyers looking to purchase property in Lincolnshire, the market is currently experiencing a steady increase in house prices. According to recent data, the average house price in Lincolnshire is £241,822, with popular areas like Lincoln (LN1, LN2) and Grantham (NG31) seeing the highest demand. However, the availability of housing stock can be limited in these sought-after areas, leading to increased competition among buyers. It is important for homebuyers to act quickly and be prepared to make competitive offers to secure their desired property. Overall, the property market in Lincolnshire offers a mix of affordable options and higher-end properties, catering to a range of buyers' needs and preferences.
Renters
Rent prices in Lincolnshire vary depending on the type of property and location, with the average monthly rent for a two-bedroom property standing at around £650. Popular rental areas include Lincoln (LN5, LN6) and Scunthorpe (DN15), where demand for rental properties remains high. However, renters may find limited availability in these areas, particularly for properties with desirable features and amenities. It is advisable for renters to start their search early and be prepared to act quickly when a suitable property becomes available. Overall, the rental market in Lincolnshire offers a mix of affordable options and higher-end rentals, catering to a range of tenants' needs and preferences.
Investors
For investors looking to purchase property in Lincolnshire, the market offers promising opportunities for capital growth and rental income. The average rental yield in Lincolnshire is around 4.5%, making it an attractive option for investors seeking a steady return on their investment. Areas like Boston (PE21, PE22) and Skegness (PE24) are popular among investors due to their affordability and potential for high rental demand. However, it is important for investors to conduct thorough research and due diligence before making any investment decisions. Overall, the property market in Lincolnshire presents a mix of options for investors, whether they are looking for buy-to-let opportunities or properties for long-term capital growth.
Last updated on 31 Jul 2025. Property market analysis is based on official data, and interpreted using neural networks (machine learning model), and subject to our Terms and Conditions.
Yield for LN8 5RP
Estimated yield for property investors
3.06%
Yield
The estimated yield for the LN8 5RP postcode area is 3.06%, compared to the national average yield of 3.8%.
View yield analysisHouse price affordability
Use this graph to view the housing affordability ratio data, as well as median house prices and household earnings in England and Wales, from 1997-2024.
Property sales
What houses have been sold in LN8 5RP?
The recently sold properties table lists homes around LN8 5RP that have been recorded by HM Land Registry, and their sold prices.
Price paid information is not personal, but property-related information. All commercial transactions, sales that have not been lodged with HM Land Registry or sales that were not for full market value are excluded.
| Date | Price | Property Address | Property Type | Estate Type |
|---|---|---|---|---|
| 30 January 2023 | £106,775 | 1 Wheatsheaf Drive, Wragby, Market Rasen, LN8 5AH | Semi-Detached | Freehold |
| 30 January 2023 | £103,852 | 3 Wheatsheaf Drive, Wragby, Market Rasen, LN8 5AH | Semi-Detached | Freehold |
| 30 January 2023 | £103,852 | 21 Wheatsheaf Drive, Wragby, Market Rasen, LN8 5AH | Semi-Detached | Freehold |
| 30 January 2023 | £106,775 | 6 Wheatsheaf Drive, Wragby, Market Rasen, LN8 5AH | Semi-Detached | Freehold |
| 30 January 2023 | £106,775 | 58 Wheatsheaf Drive, Wragby, Market Rasen, LN8 5AH | Semi-Detached | Freehold |
| 30 June 2022 | £176,995 | 9 Wheatsheaf Drive, Wragby, Market Rasen, LN8 5AH | Semi-Detached | Freehold |
| 28 November 2022 | £200,995 | 12 Wheatsheaf Drive, Wragby, Market Rasen, LN8 5AH | Detached | Freehold |
| 11 July 2022 | £186,995 | 11 Wheatsheaf Drive, Wragby, Market Rasen, LN8 5AH | Semi-Detached | Freehold |
| 19 December 2022 | £192,995 | 60 Wheatsheaf Drive, Wragby, Market Rasen, LN8 5AH | Semi-Detached | Freehold |
| 22 December 2022 | £190,995 | 17 Wheatsheaf Drive, Wragby, Market Rasen, LN8 5AH | Semi-Detached | Freehold |
| 22 December 2022 | £212,995 | 13 Wheatsheaf Drive, Wragby, Market Rasen, LN8 5AH | Detached | Freehold |
| 31 October 2022 | £185,995 | 8 Wheatsheaf Drive, Wragby, Market Rasen, LN8 5AH | Semi-Detached | Freehold |
| 19 December 2022 | £206,995 | 15 Wheatsheaf Drive, Wragby, Market Rasen, LN8 5AH | Detached | Freehold |
| 29 November 2023 | £225,000 | 16 Honeysuckle Lane, Wragby, Market Rasen, LN8 5AL | Terraced | Freehold |
| 20 December 2018 | £572,000 | Coach House Rand, Market Rasen, LN8 5NJ | Other | Freehold |
| 01 October 2020 | £115,000 | Beehive Cottage Louth Road, Wragby, Market Rasen, LN8 5PH | Terraced | Freehold |
| 01 March 2024 | £212,500 | 15 Sawmill Lane, Wragby, Market Rasen, LN8 5PU | Semi-Detached | Freehold |
| 30 November 2023 | £153,000 | 10b Sawmill Lane, Wragby, Market Rasen, LN8 5PU | Semi-Detached | Freehold |
| 26 February 2024 | £185,000 | 18 Ropewalk, Wragby, Market Rasen, LN8 5YA | Detached | Freehold |
| 25 January 2023 | £270,000 | 18 Station Drive, Wragby, Market Rasen, LN8 5YF | Detached | Freehold |
| 30 January 2023 | £410,000 | 12 Station Drive, Wragby, Market Rasen, LN8 5YF | Detached | Freehold |
Nearby sold properties | ||||
| 05 September 2022 | £775,000 | 1 Chestnut Grove, Glentham, Market Rasen, LN8 2BW | Detached | Freehold |
| 26 February 2024 | £155,000 | 8 Chapel Court, Glentham, Market Rasen, LN8 2DY | Semi-Detached | Freehold |
| 05 December 2023 | £84,500 | 49 Serpentine Street, Market Rasen, LN8 3AR | Terraced | Freehold |
| 07 December 2022 | £375,000 | 1 Highfield Close, Market Rasen, LN8 3BF | Detached | Freehold |
| 01 December 2023 | £157,000 | 17 Whitworth Way, Market Rasen, LN8 3BU | Terraced | Freehold |
| 09 October 2023 | £245,000 | 15 Willingham Road, Market Rasen, LN8 3DP | Detached | Freehold |
| 13 February 2024 | £195,000 | 5 7 Market Place, Market Rasen, LN8 3HJ | Other | Freehold |
| 08 March 2024 | £240,000 | 47 Caistor Road, Market Rasen, LN8 3HY | Detached | Freehold |
| 19 January 2024 | £430,000 | 107 Caistor Road, Middle Rasen, Market Rasen, LN8 3JB | Detached | Freehold |
| 26 October 2022 | £160,000 | The Haven Toft Next Newton, Market Rasen, LN8 3NE | Detached | Freehold |
| 14 February 2024 | £460,000 | Stone Cottage North Willingham, Market Rasen, LN8 3RA | Detached | Freehold |
| 05 October 2023 | £6,794,377 | Racecourse Garage Willingham Road, Market Rasen, LN8 3RE | Other | Freehold |
| 07 November 2023 | £188,000 | 32 Lime Walk, Market Rasen, LN8 3SP | Semi-Detached | Freehold |
| 28 November 1996 | £141,000 | 34a Rasen Road, Tealby, Market Rasen, LN8 3XL | Detached | Freehold |
| 15 September 2014 | £275,000 | 34a Rasen Road, Tealby, Market Rasen, LN8 3XL | Detached | Freehold |
| 06 March 2024 | £470,000 | 34a Rasen Road, Tealby, Market Rasen, LN8 3XL | Detached | Freehold |
| 20 November 2023 | £370,000 | 16 Cow Lane, Tealby, Market Rasen, LN8 3YB | Detached | Freehold |
| 16 December 2022 | £189,950 | 8 Kerman Court, Market Rasen, LN8 3ZE | Semi-Detached | Freehold |
| 10 February 2023 | £132,965 | 6 Kerman Court, Market Rasen, LN8 3ZE | Semi-Detached | Freehold |
| 14 July 2023 | £135,000 | 2 Dale View Road, Brookenby, Market Rasen, LN8 6EP | Semi-Detached | Freehold |
| 13 July 2023 | £360,000 | 8 Lancaster Road, Brookenby, Market Rasen, LN8 6HD | Detached | Freehold |
| 29 September 2023 | £360,000 | 6 Lancaster Road, Brookenby, Market Rasen, LN8 6HD | Detached | Freehold |
| 01 March 2024 | £410,000 | Fourways Stainton Le Vale, Market Rasen, LN8 6HP | Detached | Freehold |
| 13 October 2022 | £402,000 | The Old Stables Station Road, South Willingham, Market Rasen, LN8 6JQ | Detached | Freehold |
Please note that house prices for properties sold in and around LN8 5RP during this period do not reflect current values of properties in this postcode area, they are the prices paid at the time of sale. Prices paid is property price data for single residential property sales in England and Wales, sold on the market at full market value, and lodged with the Land Registry for registration.
For more information about the statistical data sets contained on this page, visit https://www.gov.uk/government/statistical-data-sets.
Average monthly mortgage payments
Data on this page contains HM Land Registry data © Crown copyright and database right 2021. This data is licensed under the Open Government Licence v3.0. Property data and analysis from PropertyData.co.uk.
Statistical Data Sets
Statistics extracted are from the UK House Price Index, published each month from HM Land Registry, and broken down into Country, Region, and County level.
All content is available under the Open Government Licence v3.0, except where otherwise stated
