7, MELBOURNE ROAD, LINCOLN, LN6 3QF - £175,000

7 MELBOURNE ROAD is a very small detached house of 69m², built sometime between 1983 and 1990. It was last sold for £175,000 in January 2017, which was around 21% below the average January 2017 detached price in the Lincoln local authority area. The most recent EPC inspection was January 2015, where the current energy rating was D, and the potential energy rating was B.

7 MELBOURNE ROAD Sold Prices

Land registry data shows two sales for 7 MELBOURNE ROAD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Lincoln local authority area for the corresponding sale date. Both of the two 7 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
2017 27 JAN	£175,000	£222,289	21% below HPI
2008 3 NOV	£129,000	£172,331	25% below HPI

7 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 two 7 MELBOURNE ROAD sales from November 2008 and January 2017 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 November 2008 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the January 2017 sale, where it rises to 21% below the HPI. The line then continues to track at 21% below the HPI.

How Large is 7 MELBOURNE ROAD?

7 MELBOURNE ROAD is 69m² according to the EPC inspection conducted in January 2015. This puts it in the smallest 20% of detached houses in Lincoln, based on EPC data. The below chart shows the distribution of detached houses by size in Lincoln, and where 7 MELBOURNE ROAD lies on this distribution: 13% of detached houses are smaller than 7 MELBOURNE ROAD, and 86% of houses are larger. Note that EPC data is not available for all properties in Lincoln.

7 MELBOURNE ROAD: Plot and Title Map

7 MELBOURNE ROAD sits on a plot of roughly 0.086 of an acre, or 346m². The below map shows the location of 7 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 7 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 7 MELBOURNE ROAD?

7 MELBOURNE ROAD is located in LINCOLN, in the LN6 postcode district. The below map shows the position of No. 7 on MELBOURNE ROAD.