34, MELBOURNE WAY, WADDINGTON, LINCOLN, LN5 9XJ - £155,000

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

34 MELBOURNE WAY is a small detached house of 91m², built sometime between 1996 and 2002. It was last sold for £155,000 in June 2012, which was around 15% below the average June 2012 detached price in the North Kesteven local authority area. The most recent EPC inspection was November 2009, where the current energy rating was C, and the potential energy rating was C.

34 MELBOURNE WAY Sold Prices

Land registry data shows three sales for 34 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. All of the three 34 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
2012 1 JUN	£155,000	£181,952	15% below HPI
2010 26 MAR	£154,000	£180,892	15% below HPI
2001 31 OCT	£87,000	£91,808	5% below HPI

34 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 34 MELBOURNE WAY sales between October 2001 and June 2012 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 March 2010 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the June 2012 sale, which was also at 15% below the HPI.

How Large is 34 MELBOURNE WAY?

34 MELBOURNE WAY is 91m² according to the EPC inspection conducted in November 2009. This puts it in the smallest 40% of detached houses in Waddington, based on EPC data. The below chart shows the distribution of detached houses by size in Waddington, and where 34 MELBOURNE WAY lies on this distribution: 40% of detached houses are smaller than 34 MELBOURNE WAY, and 60% of houses are larger. Note that EPC data is not available for all properties in Waddington.

34 MELBOURNE WAY: Plot and Title Map

34 MELBOURNE WAY sits on a plot of roughly 0.065 of an acre, or 265m². The below map shows the location of 34 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 34 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 34 MELBOURNE WAY?

34 MELBOURNE WAY is located in WADDINGTON, in the LN5 postcode district. The below map shows the position of No. 34 on MELBOURNE WAY.