22, MELBOURNE ROAD, LINCOLN, LN6 3QF - £110,000

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

22 MELBOURNE ROAD is a very small detached house of 74m², built sometime between 1991 and 1995. It was last sold for £110,000 in May 2003, which was around 23% below the average May 2003 detached price in the Lincoln local authority area. The most recent EPC inspection was February 2019, where the current energy rating was D, and the potential energy rating was B.

22 MELBOURNE ROAD Sold Prices

Land registry data shows three sales for 22 MELBOURNE ROAD 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 22 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
2003 2 MAY	£110,000	£142,082	23% below HPI
1999 11 JUN	£59,995	£70,349	15% below HPI
1996 31 JUL	£54,000	£62,373	13% below HPI

22 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 three 22 MELBOURNE ROAD sales between July 1996 and May 2003 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 1999 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the May 2003 sale, where it falls to 23% below the HPI. The line then continues to track at 23% below the HPI.

How Large is 22 MELBOURNE ROAD?

22 MELBOURNE ROAD is 74m² according to the EPC inspection conducted in February 2019. This puts it in the smallest 20% of detached houses in Lincoln, based on EPC data. The below chart shows the distribution of detached houses by size in Lincoln, and where 22 MELBOURNE ROAD lies on this distribution: 18% of detached houses are smaller than 22 MELBOURNE ROAD, and 81% of houses are larger. Note that EPC data is not available for all properties in Lincoln.

22 MELBOURNE ROAD: Plot and Title Map

22 MELBOURNE ROAD sits on a plot of roughly 0.062 of an acre, or 251m². The below map shows the location of 22 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 22 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 22 MELBOURNE ROAD?

22 MELBOURNE ROAD is located in LINCOLN, in the LN6 postcode district. The below map shows the position of No. 22 on MELBOURNE ROAD.