5, MELBOURNE CLOSE, LINCOLN, LN6 3QG - £189,000

5 MELBOURNE CLOSE is a midsized extended detached house of 105m², built sometime between 1983 and 1990. It was last sold for £189,000 in October 2013, which was around 1% below the average October 2013 detached price in the Lincoln local authority area. The most recent EPC inspection was May 2012, where the current energy rating was D, and the potential energy rating was C.

5 MELBOURNE CLOSE Sold Prices

Land registry data shows three sales for 5 MELBOURNE CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Lincoln local authority area for the corresponding sale date. One of the three 5 MELBOURNE CLOSE sales was for below the average price, whilst two were for above 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
2013 21 OCT	£189,000	£190,071	1% below HPI
2002 9 AUG	£123,500	£116,733	6% above HPI
1997 11 NOV	£74,500	£65,072	14% above HPI

5 MELBOURNE CLOSE 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 three 5 MELBOURNE CLOSE sales between November 1997 and October 2013 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 August 2002 sale was for 6% above the HPI. So the extrapolation line tracks at 6% above the HPI over time, until the October 2013 sale, where it falls to 1% below the HPI. The line then continues to track at 1% below the HPI.

How Large is 5 MELBOURNE CLOSE?

5 MELBOURNE CLOSE is 105m², which includes one extension, according to the EPC inspection conducted in May 2012. 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 5 MELBOURNE CLOSE lies on this distribution: 55% of detached houses are smaller than 5 MELBOURNE CLOSE, and 45% of houses are larger. Note that EPC data is not available for all properties in Lincoln.

5 MELBOURNE CLOSE: Plot and Title Map

5 MELBOURNE CLOSE sits on a plot of roughly 0.146 of an acre, or 592m². The below map shows the location of 5 MELBOURNE CLOSE, 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 5 MELBOURNE CLOSE). 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 5 MELBOURNE CLOSE?

5 MELBOURNE CLOSE is located in LINCOLN, in the LN6 postcode district. The below map shows the position of No. 5 on MELBOURNE CLOSE.