15, RIDGEWAY CLOSE, FARNSFIELD, NEWARK, NG22 8DT - £156,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

15 RIDGEWAY CLOSE is a small detached house of 99m², built sometime between 1967 and 1975, which could now be worth an estimated £251,674. It was last sold for £156,000 in May 2011, which was around 29% below the average May 2011 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was September 2014, where the current energy rating was B, and the potential energy rating was B.

15 RIDGEWAY CLOSE Sold Prices

Land registry data shows two sales for 15 RIDGEWAY 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 Newark and Sherwood local authority area for the corresponding sale date. Both of the two 15 RIDGEWAY 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
2011 27 MAY	£156,000	£218,183	29% below HPI
1999 29 OCT	£58,000	£92,468	37% below HPI

15 RIDGEWAY CLOSE 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 15 RIDGEWAY CLOSE sales from October 1999 and May 2011 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 1999 sale was for 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the May 2011 sale, where it rises to 29% below the HPI. The line then continues to track at 29% below the HPI.

What might 15 RIDGEWAY CLOSE be worth now?

15 RIDGEWAY CLOSE might now be worth an estimated £251,674.

This is based on house price inflation of 61.3%, between May 2011 and February 2025, 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 61.3% inflationary increase is applied to the most recent sale price for 15 RIDGEWAY CLOSE of £156,000 on 27th May 2011. For the value to have increased from £156,000 to £251,674 over the fourteen years and three months to February 2025, the following assumptions must hold true:

• The value of 15 RIDGEWAY CLOSE has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The May 2011 sale price of £156,000 represented a fair market value for the property.
• The size, condition, and specification of 15 RIDGEWAY CLOSE has not materially changed since May 2011.

How Large is 15 RIDGEWAY CLOSE?

15 RIDGEWAY CLOSE is 99m² according to the EPC inspection conducted in September 2014. This puts it in the smallest 30% 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 15 RIDGEWAY CLOSE lies on this distribution: 25% of detached houses houses are smaller than 15 RIDGEWAY CLOSE, and 75% of houses are larger. Note that EPC data is not available for all properties in Farnsfield.

15 RIDGEWAY CLOSE: Plot and Title Map

15 RIDGEWAY CLOSE sits on a plot of roughly 0.048 of an acre, or 195m². The below map shows the location of 15 RIDGEWAY 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 15 RIDGEWAY 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 15 RIDGEWAY CLOSE?

15 RIDGEWAY CLOSE is located in FARNSFIELD, in the NG22 postcode district. The below map shows the position of No. 15 on RIDGEWAY CLOSE.