2, MELBOURNE WAY, WADDINGTON, LINCOLN, LN5 9XJ - £267,000

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

2 MELBOURNE WAY is a midsized detached house of 96m², built sometime between 1991 and 1995. It was last sold for £267,000 in October 2021, which was around 7% below the average October 2021 detached price in the North Kesteven local authority area. The most recent EPC inspection was August 2017, where the current energy rating was D, and the potential energy rating was C.

2 MELBOURNE WAY Sold Prices

Land registry data shows four sales for 2 MELBOURNE WAY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the North Kesteven local authority area for the corresponding sale date. All of the four 2 MELBOURNE WAY 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 25 OCT	£267,000	£285,623	7% below HPI
2020 20 MAR	£250,000	£254,353	2% below HPI
2007 8 JUN	£178,500	£195,434	9% below HPI
2002 2 JAN	£92,000	£95,392	4% below HPI

2 MELBOURNE WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the North Kesteven local authority area over time, sourced from the HPI. The four 2 MELBOURNE WAY sales between January 2002 and October 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 March 2020 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the October 2021 sale, where it falls to 7% below the HPI. The line then continues to track at 7% below the HPI.

How Large is 2 MELBOURNE WAY?

2 MELBOURNE WAY is 96m² according to the EPC inspection conducted in August 2017. This puts it in the smallest 50% of detached houses in Waddington, based on EPC data. The below chart shows the distribution of detached houses by size in Waddington, and where 2 MELBOURNE WAY lies on this distribution: 46% of detached houses are smaller than 2 MELBOURNE WAY, and 53% of houses are larger. Note that EPC data is not available for all properties in Waddington.

2 MELBOURNE WAY: Plot and Title Map

2 MELBOURNE WAY sits on a plot of roughly 0.144 of an acre, or 584m². The below map shows the location of 2 MELBOURNE WAY, 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 2 MELBOURNE WAY). 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 2 MELBOURNE WAY?

2 MELBOURNE WAY is located in WADDINGTON, in the LN5 postcode district. The below map shows the position of No. 2 on MELBOURNE WAY.