15, RIDGEWOOD CLOSE, DARLINGTON, DL1 4TE - £131,000

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 RIDGEWOOD CLOSE is a very small detached house of 84m², built sometime between 2003 and 2006, which could now be worth an estimated £165,183. It was last sold for £131,000 in September 2020, which was around 42% below the average September 2020 detached price in the Darlington local authority area. The most recent EPC inspection was February 2011, where the current energy rating was C, and the potential energy rating was C.

15 RIDGEWOOD CLOSE Sold Prices

Land registry data shows two sales for 15 RIDGEWOOD 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 Darlington local authority area for the corresponding sale date. Both of the two 15 RIDGEWOOD 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
2020 30 SEP	£131,000	£224,645	42% below HPI
2006 27 MAR	£130,995	£201,579	35% below HPI

15 RIDGEWOOD CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Darlington local authority area over time, sourced from the HPI. The two 15 RIDGEWOOD CLOSE sales from March 2006 and September 2020 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 March 2006 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the September 2020 sale, where it falls to 42% below the HPI. The line then continues to track at 42% below the HPI.

What might 15 RIDGEWOOD CLOSE be worth now?

15 RIDGEWOOD CLOSE might now be worth an estimated £165,183.

This is based on house price inflation of 26.1%, between September 2020 and February 2025, for detached houses, in the Darlington local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 26.1% inflationary increase is applied to the most recent sale price for 15 RIDGEWOOD CLOSE of £131,000 on 30th September 2020. For the value to have increased from £131,000 to £165,183 over the five years and seven months to February 2025, the following assumptions must hold true:

• The value of 15 RIDGEWOOD CLOSE has moved in line with the HPI for detached houses in the Darlington local authority area.
• The September 2020 sale price of £131,000 represented a fair market value for the property.
• The size, condition, and specification of 15 RIDGEWOOD CLOSE has not materially changed since September 2020.

How Large is 15 RIDGEWOOD CLOSE?

15 RIDGEWOOD CLOSE is 84m² according to the EPC inspection conducted in February 2011. This puts it in the smallest 20% of detached houses houses in Darlington, based on EPC data. The below chart shows the distribution of detached houses houses by size in Darlington, and where 15 RIDGEWOOD CLOSE lies on this distribution: 17% of detached houses houses are smaller than 15 RIDGEWOOD CLOSE, and 82% of houses are larger. Note that EPC data is not available for all properties in Darlington.

15 RIDGEWOOD CLOSE: Plot and Title Map

15 RIDGEWOOD CLOSE sits on a plot of roughly 0.054 of an acre, or 219m². The below map shows the location of 15 RIDGEWOOD 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 RIDGEWOOD 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 RIDGEWOOD CLOSE?

15 RIDGEWOOD CLOSE is located in DARLINGTON, in the DL1 postcode district. The below map shows the position of No. 15 on RIDGEWOOD CLOSE.