1, MELBOURNE CLOSE, LINCOLN, LN6 3QG - £246,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

1 MELBOURNE CLOSE is a small detached house of 76m², built sometime between 1996 and 2002, which could now be worth an estimated £243,918. It was last sold for £246,000 in February 2025, which was around 19% below the average February 2025 detached price in the Lincoln local authority area. The most recent EPC inspection was July 2024, where the current energy rating was D, and the potential energy rating was B.

1 MELBOURNE CLOSE Sold Prices

Land registry data shows four sales for 1 MELBOURNE CLOSE 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 CLOSE 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
2025 27 FEB	£246,000	£304,302	19% below HPI
2006 28 JUN	£149,995	£183,752	18% below HPI
2000 25 JAN	£59,999	£72,764	18% below HPI
1998 14 APR	£55,500	£65,296	15% below HPI

1 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 four 1 MELBOURNE CLOSE sales between April 1998 and February 2025 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 June 2006 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the February 2025 sale, where it falls to 19% below the HPI. The line then continues to track at 19% below the HPI.

What might 1 MELBOURNE CLOSE be worth now?

1 MELBOURNE CLOSE might now be worth an estimated £243,918.

This is based on house price deflation of 0.8%, between February 2025 and March 2025, for detached houses, in the Lincoln local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 0.8% deflationary decrease is applied to the most recent sale price for 1 MELBOURNE CLOSE of £246,000 on 27th February 2025. For the value to have decreased from £246,000 to £243,918 over the eleven months to March 2025, the following assumptions must hold true:

• The value of 1 MELBOURNE CLOSE has moved in line with the HPI for detached houses in the Lincoln local authority area.
• The February 2025 sale price of £246,000 represented a fair market value for the property.
• The size, condition, and specification of 1 MELBOURNE CLOSE has not materially changed since February 2025.

How Large is 1 MELBOURNE CLOSE?

1 MELBOURNE CLOSE is 76m² according to the EPC inspection conducted in July 2024. This puts it in the smallest 30% of detached houses houses in Lincoln, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lincoln, and where 1 MELBOURNE CLOSE lies on this distribution: 21% of detached houses houses are smaller than 1 MELBOURNE CLOSE, and 78% of houses are larger. Note that EPC data is not available for all properties in Lincoln.

1 MELBOURNE CLOSE: Plot and Title Map

1 MELBOURNE CLOSE sits on a plot of roughly 0.079 of an acre, or 321m². The below map shows the location of 1 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 1 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 1 MELBOURNE CLOSE?

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