3, MELBOURNE WAY, WADDINGTON, LINCOLN, LN5 9XJ - £75,000

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 MELBOURNE WAY is a very small extended detached house of 72m², built sometime between 1991 and 1995. It was last sold for £75,000 in February 2002, which was around 22% below the average February 2002 detached price in the North Kesteven 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.

3 MELBOURNE WAY Sold Prices

Land registry data shows two sales for 3 MELBOURNE WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the North Kesteven local authority area for the corresponding sale date. Both of the two 3 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
2002 22 FEB	£75,000	£96,754	22% below HPI
1997 8 AUG	£58,950	£66,529	11% below HPI

3 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 two 3 MELBOURNE WAY sales from August 1997 and February 2002 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 August 1997 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the February 2002 sale, where it falls to 22% below the HPI. The line then continues to track at 22% below the HPI.

How Large is 3 MELBOURNE WAY?

3 MELBOURNE WAY is 72m², which includes one extension, according to the EPC inspection conducted in February 2022. This puts it in the smallest 20% of detached houses in Waddington, based on EPC data. The below chart shows the distribution of detached houses by size in Waddington, and where 3 MELBOURNE WAY lies on this distribution: 14% of detached houses are smaller than 3 MELBOURNE WAY, and 86% of houses are larger. Note that EPC data is not available for all properties in Waddington.

3 MELBOURNE WAY: Plot and Title Map

3 MELBOURNE WAY sits on a plot of roughly 0.068 of an acre, or 274m². The below map shows the location of 3 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 3 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 3 MELBOURNE WAY?

3 MELBOURNE WAY is located in WADDINGTON, in the LN5 postcode district. The below map shows the position of No. 3 on MELBOURNE WAY.