10, THE RIDGEWAY, FARNSFIELD, NEWARK, NG22 8DG - £257,000

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

10 THE RIDGEWAY is a very small detached house of 71m², built sometime between 1950 and 1966. It was last sold for £257,000 in August 2019, which was around 5% below the average August 2019 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was June 2019, where the current energy rating was D, and the potential energy rating was B.

10 THE RIDGEWAY Sold Prices

Land registry data shows two sales for 10 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 10 THE RIDGEWAY 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
2019 27 AUG	£257,000	£269,732	5% below HPI
2009 30 OCT	£184,500	£202,637	9% below HPI

10 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 10 THE RIDGEWAY sales from October 2009 and August 2019 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 October 2009 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the August 2019 sale, where it rises to 5% below the HPI. The line then continues to track at 5% below the HPI.

How Large is 10 THE RIDGEWAY?

10 THE RIDGEWAY is 71m² according to the EPC inspection conducted in June 2019. This puts it in the smallest 10% of detached houses in Farnsfield, based on EPC data. The below chart shows the distribution of detached houses by size in Farnsfield, and where 10 THE RIDGEWAY lies on this distribution: 5% of detached houses are smaller than 10 THE RIDGEWAY, and 95% of houses are larger. Note that EPC data is not available for all properties in Farnsfield.

10 THE RIDGEWAY: Plot and Title Map

10 THE RIDGEWAY sits on a plot of roughly 0.104 of an acre, or 421m². The below map shows the location of 10 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 10 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 10 THE RIDGEWAY?

10 THE RIDGEWAY is located in FARNSFIELD, in the NG22 postcode district. The below map shows the position of No. 10 on THE RIDGEWAY.