11, MELBOURNE ROAD, LINCOLN, LN6 3QF - £193,000

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

11 MELBOURNE ROAD is a very small detached house of 63m², built sometime between 1983 and 1990. It was last sold for £193,000 in February 2021, which was around 26% below the average February 2021 detached price in the Lincoln local authority area. The most recent EPC inspection was November 2019, where the current energy rating was D, and the potential energy rating was B.

11 MELBOURNE ROAD Sold Prices

Land registry data shows two sales for 11 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 11 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
2021 15 FEB	£193,000	£262,076	26% below HPI
1996 12 DEC	£51,000	£63,111	19% below HPI

11 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 11 MELBOURNE ROAD sales from December 1996 and February 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 December 1996 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the February 2021 sale, where it falls to 26% below the HPI. The line then continues to track at 26% below the HPI.

How Large is 11 MELBOURNE ROAD?

11 MELBOURNE ROAD is 63m² according to the EPC inspection conducted in November 2019. This puts it in the smallest 10% of detached houses in Lincoln, based on EPC data. The below chart shows the distribution of detached houses by size in Lincoln, and where 11 MELBOURNE ROAD lies on this distribution: 8% of detached houses are smaller than 11 MELBOURNE ROAD, and 92% of houses are larger. Note that EPC data is not available for all properties in Lincoln.

11 MELBOURNE ROAD: Plot and Title Map

11 MELBOURNE ROAD sits on a plot of roughly 0.097 of an acre, or 392m². The below map shows the location of 11 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 11 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 11 MELBOURNE ROAD?

11 MELBOURNE ROAD is located in LINCOLN, in the LN6 postcode district. The below map shows the position of No. 11 on MELBOURNE ROAD.