28, MELBOURNE WAY, WADDINGTON, LINCOLN, LN5 9XJ - £218,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

28 MELBOURNE WAY is a midsized extended detached house of 93m², built sometime between 1996 and 2002. It was last sold for £218,000 in March 2019, which was around 14% below the average March 2019 detached price in the North Kesteven local authority area. The most recent EPC inspection was August 2014, where the current energy rating was D, and the potential energy rating was B.

28 MELBOURNE WAY Sold Prices

Land registry data shows three sales for 28 MELBOURNE WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the North Kesteven local authority area for the corresponding sale date. The three 28 MELBOURNE WAY sales were a mix of below the average price, and roughly equal to 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
2019 18 MAR	£218,000	£252,775	14% below HPI
2004 1 OCT	£170,000	£170,125	Close to HPI
2001 30 NOV	£88,000	£92,321	5% below HPI

28 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 three 28 MELBOURNE WAY sales between November 2001 and March 2019 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 October 2004 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the March 2019 sale, where it falls to 14% below the HPI. The line then continues to track at 14% below the HPI.

How Large is 28 MELBOURNE WAY?

28 MELBOURNE WAY is 93m², which includes one extension, according to the EPC inspection conducted in August 2014. 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 28 MELBOURNE WAY lies on this distribution: 42% of detached houses are smaller than 28 MELBOURNE WAY, and 57% of houses are larger. Note that EPC data is not available for all properties in Waddington.

28 MELBOURNE WAY: Plot and Title Map

28 MELBOURNE WAY sits on a plot of roughly 0.097 of an acre, or 393m². The below map shows the location of 28 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 28 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 28 MELBOURNE WAY?

28 MELBOURNE WAY is located in WADDINGTON, in the LN5 postcode district. The below map shows the position of No. 28 on MELBOURNE WAY.