1, Melrose Lane
1, Melrose Lane
Description & Estimates
According to the public record, 1, Melrose Lane, Lincoln is a modern freehold house with 813 ft2 of internal area and sits on a 276 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for 1, Melrose Lane, Lincoln is £220,978 and the estimated rental value is £1,033 per month.
Melrose Lane, Lincoln, LN6 is located in the borough of Lincoln within the LN6 postal district.
Our Data Sources
1, Melrose Lane, Lincoln has 4 entries in the Land Registry , most recently in April 2018 and a single entry in the EPC database dated July 2009.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 2 out of 5 and is considered of medium accuracy.
Price Range & Condition
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 1, Melrose Lane, Lincoln is in very good condition we estimate a sale value of £232,027 and a rental value of £1,084 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £205,510 and a rental value of £960 per month.
Recent Market Change
Over the past 12 months, the estimated sale value of 1, Melrose Lane, Lincoln has decreased by £2,849 (1.3%), while its estimated rental value has grown by £31 per month (3.0%). Based on current estimates, the property offers a gross rental yield of 5.6%.
Plot Size
According to data from HM Land Registry, 1, Melrose Lane, Lincoln sits on a plot of 276 m2.
We have plot size data on 3 out of 3 other houses in the postcode and 1, Melrose Lane, Lincoln sits on the largest plot.
Energy Efficiency
1, Melrose Lane, Lincoln has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 30 Jul 2009.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
According to HM Land Registry, 1, Melrose Lane, Lincoln was last sold on 13th April 2018 for £189,950 and was recorded as a freehold house.
The property has had 4 sales since 1995.
Since April 2018, the market for similar properties has risen by 44.1%.
- Sold Apr 2018£189,950
- Sold Oct 2015£151,500
- Sold Feb 2010£140,000
Similar Properties Sold Nearby
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 1, Melrose Lane, Lincoln within a radius of 740 metres over the last 2 years.
The most recent example is 41, Appleby Way, Lincoln, LN6 0BU, a freehold house which sold for £210,000 on the 4th November 2024.
Read more about house prices in LN6.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Melrose Lane, Lincoln, LN6 has a total of 3 addresses. According to our analysis of all the public data, 1, Melrose Lane, Lincoln is the 2nd largest and the 2nd most expensive property on the street.
When compared to the postcode district it is £11k less expensive than the average property in LN6.
More reading links
Schools Nearby
- 400mSt Hugh's Catholic Primary, A Voluntary Academy
- 600mThe Lancaster School
- 600mLeslie Manser Primary School
- 2.7kmThe Priory City of Lincoln Academy
- 3.4kmSt Peter and St Paul, Catholic Voluntary Academy
- 3.5kmNorth Kesteven Academy
More reading links
Public Transport Nearby
The closest station to 1, Melrose Lane, Lincoln is Hykeham station, which is 2.5 kilometres away.
- 2.5kmHykeham
- 5.1kmLincoln
- 6.6kmSaxilby
Risk of Flooding
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
