51, MELBOURNE WAY, WADDINGTON, LINCOLN, LN5 9XJ - £308,000

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

51 MELBOURNE WAY is a large extended detached house of 115m², built sometime between 1996 and 2002. It was last sold for £308,000 in July 2022, which was around 1% below the average July 2022 detached price in the North Kesteven local authority area. The most recent EPC inspection was March 2019, where the current energy rating was D, and the potential energy rating was C.

51 MELBOURNE WAY Sold Prices

Land registry data shows three sales for 51 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. One of the three 51 MELBOURNE WAY sales was for below the average price, whilst two were 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
2022 15 JUL	£308,000	£310,547	1% below HPI
2009 29 JUN	£182,000	£170,844	7% above HPI
2001 31 JUL	£100,000	£85,820	17% above HPI

51 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 51 MELBOURNE WAY sales between July 2001 and July 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 June 2009 sale was for 7% above the HPI. So the extrapolation line tracks at 7% above the HPI over time, until the July 2022 sale, where it falls to 1% below the HPI. The line then continues to track at 1% below the HPI.

How Large is 51 MELBOURNE WAY?

51 MELBOURNE WAY is 115m², which includes one extension, according to the EPC inspection conducted in March 2019. This puts it in the largest 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 51 MELBOURNE WAY lies on this distribution: 66% of detached houses are smaller than 51 MELBOURNE WAY, and 33% of houses are larger. Note that EPC data is not available for all properties in Waddington.

51 MELBOURNE WAY: Plot and Title Map

51 MELBOURNE WAY sits on a plot of roughly 0.115 of an acre, or 467m². The below map shows the location of 51 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 51 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 51 MELBOURNE WAY?

51 MELBOURNE WAY is located in WADDINGTON, in the LN5 postcode district. The below map shows the position of No. 51 on MELBOURNE WAY.