12, RIDGEMERE CLOSE, SYSTON, LEICESTER, LE7 2ZR - £420,000

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 RIDGEMERE CLOSE is a midsized extended detached house of 117m², built sometime between 1991 and 1995. It was last sold for £420,000 in August 2023, which was about the average August 2023 detached price in the Charnwood local authority area. The most recent EPC inspection was August 2022, where the current energy rating was D, and the potential energy rating was C.

12 RIDGEMERE CLOSE Sold Prices

Land registry data shows two sales for 12 RIDGEMERE CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Charnwood local authority area for the corresponding sale date. One of the two 12 RIDGEMERE CLOSE sales was roughly equal to 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 31 AUG	£420,000	£421,593	Close to HPI
2004 22 JUN	£266,000	£221,322	20% above HPI

12 RIDGEMERE CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Charnwood local authority area over time, sourced from the HPI. The two 12 RIDGEMERE CLOSE sales from June 2004 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 June 2004 sale was for 20% above the HPI. So the extrapolation line tracks at 20% above the HPI over time, until the August 2023 sale, where it falls to roughly the same level as the HPI. The line then continues to track in line with the HPI.

How Large is 12 RIDGEMERE CLOSE?

12 RIDGEMERE CLOSE is 117m², which includes three extensions, according to the EPC inspection conducted in August 2022. This puts it in the largest 50% of detached houses in Syston, based on EPC data. The below chart shows the distribution of detached houses by size in Syston, and where 12 RIDGEMERE CLOSE lies on this distribution: 53% of detached houses are smaller than 12 RIDGEMERE CLOSE, and 46% of houses are larger. Note that EPC data is not available for all properties in Syston.

12 RIDGEMERE CLOSE: Plot and Title Map

12 RIDGEMERE CLOSE sits on a plot of roughly 0.100 of an acre, or 406m². The below map shows the location of 12 RIDGEMERE CLOSE, 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 RIDGEMERE CLOSE). 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 RIDGEMERE CLOSE?

12 RIDGEMERE CLOSE is located in SYSTON, in the LE7 postcode district. The below map shows the position of No. 12 on RIDGEMERE CLOSE.