1, MELBOURNE CLOSE, LINCOLN, LN6 3QG - £149,995

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

1 MELBOURNE CLOSE is a small detached house of 76m², built sometime between 1996 and 2002. It was last sold for £149,995 in June 2006, which was around 17% below the average June 2006 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 three sales for 1 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. All of the three 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
2006 28 JUN	£149,995	£181,453	17% below HPI
2000 25 JAN	£59,999	£71,854	16% below HPI
1998 14 APR	£55,500	£64,480	14% 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 three 1 MELBOURNE CLOSE sales between April 1998 and June 2006 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 2000 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the June 2006 sale, where it falls to 17% below the HPI. The line then continues to track at 17% below the HPI.

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 in Lincoln, based on EPC data. The below chart shows the distribution of detached houses by size in Lincoln, and where 1 MELBOURNE CLOSE lies on this distribution: 20% of detached 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.