24, MELBOURNE ROAD, LINCOLN, LN6 3QF - £238,000

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

24 MELBOURNE ROAD is a very small extended detached house of 75m², built sometime between 1991 and 1995. It was last sold for £238,000 in August 2022, which was around 20% below the average August 2022 detached price in the Lincoln local authority area. The most recent EPC inspection was February 2022, where the current energy rating was D, and the potential energy rating was C.

24 MELBOURNE ROAD Sold Prices

Land registry data shows two sales for 24 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 24 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
2022 17 AUG	£238,000	£296,732	20% below HPI
2001 13 JUL	£72,500	£86,596	16% below HPI

24 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 24 MELBOURNE ROAD sales from July 2001 and August 2022 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 July 2001 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the August 2022 sale, where it falls to 20% below the HPI. The line then continues to track at 20% below the HPI.

How Large is 24 MELBOURNE ROAD?

24 MELBOURNE ROAD is 75m², which includes one extension, according to the EPC inspection conducted in February 2022. 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 24 MELBOURNE ROAD lies on this distribution: 19% of detached houses are smaller than 24 MELBOURNE ROAD, and 80% of houses are larger. Note that EPC data is not available for all properties in Lincoln.

24 MELBOURNE ROAD: Plot and Title Map

24 MELBOURNE ROAD sits on a plot of roughly 0.069 of an acre, or 279m². The below map shows the location of 24 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 24 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 24 MELBOURNE ROAD?

24 MELBOURNE ROAD is located in LINCOLN, in the LN6 postcode district. The below map shows the position of No. 24 on MELBOURNE ROAD.