1, MELROSE CLOSE, WOODHALL SPA, LN10 6BA - £395,000

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 MELROSE CLOSE is a midsized detached house of 117m², built sometime between 1996 and 2002. It was last sold for £395,000 in November 2021, which was around 54% above the average November 2021 detached price in the East Lindsey local authority area. The most recent EPC inspection was May 2021, where the current energy rating was C, and the potential energy rating was B.

1 MELROSE CLOSE Sold Prices

Land registry data shows two sales for 1 MELROSE CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. Both of the two 1 MELROSE CLOSE sales 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
2021 24 NOV	£395,000	£257,326	54% above HPI
2002 28 NOV	£171,995	£117,182	47% above HPI

1 MELROSE CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the East Lindsey local authority area over time, sourced from the HPI. The two 1 MELROSE CLOSE sales from November 2002 and November 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 November 2002 sale was for 47% above the HPI. So the extrapolation line tracks at 47% above the HPI over time, until the November 2021 sale, where it rises to 54% above the HPI. The line then continues to track at 54% above the HPI.

How Large is 1 MELROSE CLOSE?

1 MELROSE CLOSE is 117m² according to the EPC inspection conducted in May 2021. This puts it in the smallest 50% of detached houses in Woodhall Spa, based on EPC data. The below chart shows the distribution of detached houses by size in Woodhall Spa, and where 1 MELROSE CLOSE lies on this distribution: 46% of detached houses are smaller than 1 MELROSE CLOSE, and 53% of houses are larger. Note that EPC data is not available for all properties in Woodhall Spa.

1 MELROSE CLOSE: Plot and Title Map

1 MELROSE CLOSE sits on a plot of roughly 0.135 of an acre, or 545m². The below map shows the location of 1 MELROSE 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 MELROSE 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 MELROSE CLOSE?

1 MELROSE CLOSE is located in WOODHALL SPA, in the LN10 postcode district. The below map shows the position of No. 1 on MELROSE CLOSE.