14, RIDGE CLOSE, LONDON, SE28 0HW - £212,000

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

14 RIDGE CLOSE is a very small extended detached house of 81m², built sometime between 1996 and 2002, which could now be worth an estimated £555,691. It was last sold for £212,000 in July 2004, which was around 45% below the average July 2004 detached price in the Greenwich local authority area. The most recent EPC inspection was January 2014, where the current energy rating was D, and the potential energy rating was B.

14 RIDGE CLOSE Sold Prices

Land registry data shows three sales for 14 RIDGE CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Greenwich local authority area for the corresponding sale date. All of the three 14 RIDGE CLOSE 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
2004 30 JUL	£212,000	£385,143	45% below HPI
2003 4 JUL	£175,000	£369,043	53% below HPI
1999 10 DEC	£139,995	£219,085	36% below HPI

14 RIDGE CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Greenwich local authority area over time, sourced from the HPI. The three 14 RIDGE CLOSE sales between December 1999 and July 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 July 2003 sale was for 53% below the HPI. So the extrapolation line tracks at 53% below the HPI over time, until the July 2004 sale, where it rises to 45% below the HPI. The line then continues to track at 45% below the HPI.

What might 14 RIDGE CLOSE be worth now?

14 RIDGE CLOSE might now be worth an estimated £555,691.

This is based on house price inflation of 162.1%, between July 2004 and December 2024, for detached houses, in the Greenwich local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 162.1% inflationary increase is applied to the most recent sale price for 14 RIDGE CLOSE of £212,000 on 30th July 2004. For the value to have increased from £212,000 to £555,691 over the nineteen years and seven months to December 2024, the following assumptions must hold true:

• The value of 14 RIDGE CLOSE has moved in line with the HPI for detached houses in the Greenwich local authority area.
• The July 2004 sale price of £212,000 represented a fair market value for the property.
• The size, condition, and specification of 14 RIDGE CLOSE has not materially changed since July 2004.

How Large is 14 RIDGE CLOSE?

14 RIDGE CLOSE is 81m², which includes one extension, according to the EPC inspection conducted in January 2014. This puts it in the smallest 10% of detached houses houses in London, based on EPC data. The below chart shows the distribution of detached houses houses by size in London, and where 14 RIDGE CLOSE lies on this distribution: 8% of detached houses houses are smaller than 14 RIDGE CLOSE, and 92% of houses are larger. Note that EPC data is not available for all properties in London.

14 RIDGE CLOSE: Plot and Title Map

14 RIDGE CLOSE sits on a plot of roughly 0.047 of an acre, or 191m². The below map shows the location of 14 RIDGE 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 14 RIDGE 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 14 RIDGE CLOSE?

14 RIDGE CLOSE is located in LONDON, in the SE28 postcode district. The below map shows the position of No. 14 on RIDGE CLOSE.