3, MEETING LANE, MELBOURN, ROYSTON, SG8 6AN - £545,000

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

3 MEETING LANE is a small detached house of 100m², built sometime between 1996 and 2002. It was last sold for £545,000 in January 2024, which was around 6% below the average January 2024 detached price in the South Cambridgeshire local authority area. The most recent EPC inspection was August 2016, where the current energy rating was D, and the potential energy rating was B.

3 MEETING LANE Sold Prices

Land registry data shows three sales for 3 MEETING LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the South Cambridgeshire local authority area for the corresponding sale date. Two of the three 3 MEETING LANE sales were for below the average price, whilst one was for above 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
2024 12 JAN	£545,000	£581,068	6% below HPI
2017 17 JUL	£450,000	£525,567	14% below HPI
2003 25 JUL	£285,000	£263,732	8% above HPI

3 MEETING LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Cambridgeshire local authority area over time, sourced from the HPI. The three 3 MEETING LANE sales between July 2003 and January 2024 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 2017 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the January 2024 sale, where it rises to 6% below the HPI. The line then continues to track at 6% below the HPI.

How Large is 3 MEETING LANE?

3 MEETING LANE is 100m² according to the EPC inspection conducted in August 2016. This puts it in the smallest 30% of detached houses in Melbourn, based on EPC data. The below chart shows the distribution of detached houses by size in Melbourn, and where 3 MEETING LANE lies on this distribution: 21% of detached houses are smaller than 3 MEETING LANE, and 78% of houses are larger. Note that EPC data is not available for all properties in Melbourn.

3 MEETING LANE: Plot and Title Map

3 MEETING LANE sits on a plot of roughly 0.150 of an acre, or 607m². The below map shows the location of 3 MEETING LANE, 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 3 MEETING LANE). 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 3 MEETING LANE?

3 MEETING LANE is located in MELBOURN, in the SG8 postcode district. The below map shows the position of No. 3 on MEETING LANE.