1, MELBOURNE ROAD, LINCOLN, LN6 3QF - £251,000

1 MELBOURNE ROAD is a midsized extended detached house of 105m², built sometime between 1983 and 1990. It was last sold for £251,000 in June 2021, which was around 10% below the average June 2021 detached price in the Lincoln local authority area. The most recent EPC inspection was December 2020, where the current energy rating was C, and the potential energy rating was B.

1 MELBOURNE ROAD Sold Prices

Land registry data shows four sales for 1 MELBOURNE ROAD since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Lincoln local authority area for the corresponding sale date. All of the four 1 MELBOURNE ROAD sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2021 25 JUN	£251,000	£277,450	10% below HPI
2007 29 JAN	£154,600	£187,367	17% below HPI
2003 5 SEP	£138,500	£153,529	10% below HPI
2002 8 FEB	£92,000	£95,505	4% below HPI

1 MELBOURNE ROAD Price Paid vs. HPI Average

The below graph shows the average detached house price in the Lincoln local authority area over time, sourced from the HPI. The four 1 MELBOURNE ROAD sales between February 2002 and June 2021 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the January 2007 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the June 2021 sale, where it rises to 10% below the HPI. The line then continues to track at 10% below the HPI.

How Large is 1 MELBOURNE ROAD?

1 MELBOURNE ROAD is 105m², which includes one extension, according to the EPC inspection conducted in December 2020. This puts it in the largest 50% of detached houses in Lincoln, based on EPC data. The below chart shows the distribution of detached houses by size in Lincoln, and where 1 MELBOURNE ROAD lies on this distribution: 55% of detached houses are smaller than 1 MELBOURNE ROAD, and 45% of houses are larger. Note that EPC data is not available for all properties in Lincoln.

1 MELBOURNE ROAD: Plot and Title Map

1 MELBOURNE ROAD sits on a plot of roughly 0.070 of an acre, or 285m². The below map shows the location of 1 MELBOURNE ROAD, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 1 MELBOURNE ROAD). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 1 MELBOURNE ROAD?

1 MELBOURNE ROAD is located in LINCOLN, in the LN6 postcode district. The below map shows the position of No. 1 on MELBOURNE ROAD.