12, RIDGE WAY, PENWORTHAM, PRESTON, PR1 9XW - £280,000

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

12 RIDGE WAY is a small detached house of 100m², built sometime between 1991 and 1995. It was last sold for £280,000 in August 2023, which was around 11% below the average August 2023 detached price in the South Ribble local authority area. The most recent EPC inspection was November 2022, where the current energy rating was D, and the potential energy rating was B.

12 RIDGE WAY Sold Prices

Land registry data shows two sales for 12 RIDGE WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the South Ribble local authority area for the corresponding sale date. One of the two 12 RIDGE WAY sales was for below the average price, whilst the other was 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
2023 3 AUG	£280,000	£313,197	11% below HPI
2005 27 JAN	£220,000	£210,217	5% above HPI

12 RIDGE WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Ribble local authority area over time, sourced from the HPI. The two 12 RIDGE WAY sales from January 2005 and August 2023 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 2005 sale was for 5% above the HPI. So the extrapolation line tracks at 5% above the HPI over time, until the August 2023 sale, where it falls to 11% below the HPI. The line then continues to track at 11% below the HPI.

How Large is 12 RIDGE WAY?

12 RIDGE WAY is 100m² according to the EPC inspection conducted in November 2022. This puts it in the smallest 40% of detached houses in Penwortham, based on EPC data. The below chart shows the distribution of detached houses by size in Penwortham, and where 12 RIDGE WAY lies on this distribution: 38% of detached houses are smaller than 12 RIDGE WAY, and 61% of houses are larger. Note that EPC data is not available for all properties in Penwortham.

12 RIDGE WAY: Plot and Title Map

12 RIDGE WAY sits on a plot of roughly 0.119 of an acre, or 481m². The below map shows the location of 12 RIDGE 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 12 RIDGE 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 12 RIDGE WAY?

12 RIDGE WAY is located in PENWORTHAM, in the PR1 postcode district. The below map shows the position of No. 12 on RIDGE WAY.