1, THE RIDGEWAY, FARNSFIELD, NEWARK, NG22 8DG - £245,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

1 THE RIDGEWAY is a large extended detached house of 146m², built sometime between 1967 and 1975, which could now be worth an estimated £466,142. It was last sold for £245,000 in March 2004, which was around 30% above the average March 2004 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was October 2012, where the current energy rating was E, and the potential energy rating was C.

1 THE RIDGEWAY Sold Prices

Land registry data shows two sales for 1 THE RIDGEWAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Newark and Sherwood local authority area for the corresponding sale date. Both of the two 1 THE RIDGEWAY 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
2004 8 MAR	£245,000	£188,702	30% above HPI
2003 17 JAN	£165,000	£159,918	3% above HPI

1 THE RIDGEWAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Newark and Sherwood local authority area over time, sourced from the HPI. The two 1 THE RIDGEWAY sales from January 2003 and March 2004 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 January 2003 sale was for 3% above the HPI. So the extrapolation line tracks at 3% above the HPI over time, until the March 2004 sale, where it rises to 30% above the HPI. The line then continues to track at 30% above the HPI.

What might 1 THE RIDGEWAY be worth now?

1 THE RIDGEWAY might now be worth an estimated £466,142.

This is based on house price inflation of 90.3%, between March 2004 and December 2024, for detached houses, in the Newark and Sherwood local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 90.3% inflationary increase is applied to the most recent sale price for 1 THE RIDGEWAY of £245,000 on 8th March 2004. For the value to have increased from £245,000 to £466,142 over the nineteen years and three months to December 2024, the following assumptions must hold true:

• The value of 1 THE RIDGEWAY has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The March 2004 sale price of £245,000 represented a fair market value for the property.
• The size, condition, and specification of 1 THE RIDGEWAY has not materially changed since March 2004.

How Large is 1 THE RIDGEWAY?

1 THE RIDGEWAY is 146m², which includes two extensions, according to the EPC inspection conducted in October 2012. This puts it in the largest 40% of detached houses houses in Farnsfield, based on EPC data. The below chart shows the distribution of detached houses houses by size in Farnsfield, and where 1 THE RIDGEWAY lies on this distribution: 65% of detached houses houses are smaller than 1 THE RIDGEWAY, and 35% of houses are larger. Note that EPC data is not available for all properties in Farnsfield.

1 THE RIDGEWAY: Plot and Title Map

1 THE RIDGEWAY sits on a plot of roughly 0.120 of an acre, or 486m². The below map shows the location of 1 THE RIDGEWAY, 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 1 THE RIDGEWAY). 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 1 THE RIDGEWAY?

1 THE RIDGEWAY is located in FARNSFIELD, in the NG22 postcode district. The below map shows the position of No. 1 on THE RIDGEWAY.