MELBOURNE, MAIN ROAD, UTTERBY, LOUTH, LN11 0TP - £205,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

MELBOURNE is a midsized extended semi-detached house of 150m², built sometime before 1900, which could now be worth an estimated £318,308. It was last sold for £205,000 in August 2015, which was around 65% above the average August 2015 semi-detached price in the East Lindsey local authority area. The most recent EPC inspection was May 2009, where the current energy rating was D, and the potential energy rating was C.

MELBOURNE Sold Prices

Land registry data shows four sales for MELBOURNE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average semi-detached price in the East Lindsey local authority area for the corresponding sale date. All of the four MELBOURNE sales 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
2015 21 AUG	£205,000	£124,261	65% above HPI
2009 8 SEP	£195,000	£112,842	73% above HPI
2001 9 OCT	£65,000	£55,937	16% above HPI
1996 31 MAY	£40,000	£35,922	11% above HPI

MELBOURNE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the East Lindsey local authority area over time, sourced from the HPI. The four MELBOURNE sales between May 1996 and August 2015 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 September 2009 sale was for 73% above the HPI. So the extrapolation line tracks at 73% above the HPI over time, until the August 2015 sale, where it falls to 65% above the HPI. The line then continues to track at 65% above the HPI.

What might MELBOURNE be worth now?

MELBOURNE might now be worth an estimated £318,308.

This is based on house price inflation of 55.3%, between August 2015 and February 2025, for semi-detached houses, in the East Lindsey local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 55.3% inflationary increase is applied to the most recent sale price for MELBOURNE of £205,000 on 21st August 2015. For the value to have increased from £205,000 to £318,308 over the ten years and six months to February 2025, the following assumptions must hold true:

• The value of MELBOURNE has moved in line with the HPI for semi-detached houses in the East Lindsey local authority area.
• The August 2015 sale price of £205,000 represented a fair market value for the property.
• The size, condition, and specification of MELBOURNE has not materially changed since August 2015.

How Large is MELBOURNE?

MELBOURNE is 150m², which includes two extensions, according to the EPC inspection conducted in May 2009. This puts it in the largest 50% of semi-detached houses houses in Utterby, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Utterby, and where MELBOURNE lies on this distribution: 54% of semi-detached houses houses are smaller than MELBOURNE, and 46% of houses are larger. Note that EPC data is not available for all properties in Utterby.

MELBOURNE: Plot and Title Map

MELBOURNE sits on a plot of roughly 0.239 of an acre, or 966m². The below map shows the location of MELBOURNE, 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 MELBOURNE). 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 MELBOURNE?

MELBOURNE is located on MAIN ROAD in UTTERBY, in the LN11 postcode district. The below map shows the position of MELBOURNE on MAIN ROAD.