Housing Market Analysis for OTBY LANE, LN8 3UT

Are you looking to understand LN8 3UT house prices? Here, we provide a detailed analysis of the latest sold house prices, trends over the years, and key statistics to help you gauge the real estate landscape in this West Lindsey postcode.

For the location information and nearby amenities in the LN8 3UT area, explore the LN8 3UT Area information page.
For comprehensive crime statistics in the LN8 3UT area, explore the LN8 3UT Crime Rates page.

Overview of Sold House prices

As per the latest sold houses in the LN8 3UT postcode area, The average prices are as follows,

  • Detached
    • The average price is around £256,625 median price is £240,250 Standard Deviation is £101,342 with Total Sold: 4
    • The Last 5 Year average price is £302,500 with Total Sold: 1
    • The most recent sale happened at this postcode is SWALLOWS, 2 OTBY LANE: £302,500 (Sold on 18 Oct 2019)
    • The first recorded sale happened at this postcode is WEST WOLD OTBY LANE: £146,000 (Sold on 15 Aug 1995)

Sold Price Trend Over the Years:

Below table and chart gives the average LN8 3UT house prices and number of sold houses over the years. This helps understand the price trend over the years in this postcode.

Please note that this data is populated based on the sold houses data given by the Land Registry.

House Type: Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2019£302,5001
2014£400,000 £1,587 1
2001£178,0001
1995£146,0001

All the Sales in the OTBY LANE, LN8 3UT

See the table below for more details on the sold house prices in the LN8 3UT, West Lindsey postcode.

AddressSold DatePrice% Change
SWALLOWS, 2 OTBY LANEDetached, Freehold18 Oct 2019£302,500First Sale
FARTHINGS OTBY LANEDetached, FreeholdArea: 252 Sq.mtrAge: 1967-197512 Jun 2014£400,000First Sale
WEST WOLD OTBY LANEDetached, Freehold08 Oct 2001£178,00021.92%
15 Aug 1995£146,000First Sale

Check out the sold house prices near the LN8 3UT postcode. Properties currently for saleProperties currently for rent

OTBY LANE, LN8 3UT Near By properties

Interactive Map

This Interactive map can help you visualize the nearby sold house in the LN8 3UT postcode area

Nearby Sold House Price Statstics

Knowing the nearby sold house in the area helps gauge the property market in the area. Below data gives house price Statstics of the surrounding area of the LN8 3UT postcode.

  • Detached
    • The average price is around £251,090 median price is £223,611 Standard Deviation is £134,161 with Total Sold: 56
    • The Last 5 Year average price is £301,573 with Total Sold: 7
    • The most recent sale happened at this postcode is , SPRINGFIELD RASEN ROAD: £300,010 (Sold on 01 May 2024)
    • The first recorded sale happened at this postcode is , WEST WOLD OTBY LANE: £146,000 (Sold on 15 Aug 1995)
  • Other
    • The average price is around £516,667 median price is £565,000 Standard Deviation is £133,062 with Total Sold: 3
    • The Last 5 Year average price is £450,000 with Total Sold: 2
    • The most recent sale happened at this postcode is , THE OLD SMITHY MOOR ROAD: £335,000 (Sold on 19 Apr 2023)
    • The first recorded sale happened at this postcode is , THE OLD ORCHARD HALL DRIVE: £650,000 (Sold on 09 May 2018)
  • Terraced
    • The average price is around £149,600 median price is £155,000 Standard Deviation is £53,284 with Total Sold: 5
    • The Last 5 Year average price is £220,000 with Total Sold: 1
    • The most recent sale happened at this postcode is , 4 THE ROW: £220,000 (Sold on 12 Oct 2022)
    • The first recorded sale happened at this postcode is , 2 - 3 THE ROW: £57,500 (Sold on 08 Apr 1997)
  • Semi-Detached
    • The average price is around £175,500 median price is £147,750 Standard Deviation is £108,364 with Total Sold: 6
    • The most recent sale happened at this postcode is 4, SOUTH VIEW MOOR ROAD: £140,500 (Sold on 20 Jun 2016)
    • The first recorded sale happened at this postcode is , 2 SOUTH VIEW: £48,500 (Sold on 31 Jul 1996)

Sold Price Trend Over the Years:

House Type: Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£300,0101
2023£301,750 £1,929 2
2022£225,000 £1,875 1
2021£340,000 £1,705 2
2019£302,5001
2018£215,000 £2,728 2
2016£243,500 £2,357 4
2015£325,000 £2,372 1
2014£299,400 £2,194 5
2013£149,000 £2,129 1
2012£477,500 £1,508 4
2010£222,222 £2,196 1
2009£297,500 £2,049 2
2007£257,950 £2,352 3
2006£348,833 £1,325 3
2005£290,0001
2004£232,250 £1,614 4
2003£149,000 £2,129 1
2002£82,500 £1,179 1
2001£178,0001
2000£250,800 £653 5
1999£138,000 £627 1
1998£91,6673
1997£125,950 £754 1
1996£120,667 £790 3
1995£122,0002
House Type: Other
YearAvg. PriceAvg. Price/Sq. mtrSold
2023£335,000 £1,994 1
2019£565,000 £4,036 1
2018£650,000 £2,189 1
House Type: Terraced
YearAvg. PriceAvg. Price/Sq. mtrSold
2022£220,0001
2016£140,5001
2014£155,0001
2008£175,0001
1997£57,5001
House Type: Semi-Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2016£140,500 £1,693 1
2012£390,0001
2006£155,0001
2004£104,0001
2003£215,000 £1,604 1
1996£48,5001

House Type in LN8 3UT area

The most common house types in the LN8 3UT postcode area are Detached (79), Semi-detached (18), and Terraced (4).

Total102
Detached79
Semi-detached18
Terraced4
Flat1
Shared house0
converted building0
commercial building0
temporary structure0

Tenure of household

As per the tenure of household, most of the the properties are Owned: Owns outright (61), and Owned: Owns with a mortgage or loan (24).

Owned: Owns outright61
Owned: Owns with a mortgage or loan24
Private rented: Private landlord or letting agency9
Social rented: Other social rented4
Private rented: Other private rented3
Does not apply0
Shared ownership: Shared ownership0
Social rented: Rents from council or Local Authority0
Lives rent free0

Number of People in a Household

The most houses in the LN8 3UT have 2 people in household (58), and 1 person in household (18).

2 people in household58
1 person in household18
3 people in household16
4 people in household7
5 people in household3
0 people in household0
6 people in household0
7 people in household0
8 or more people in household0