16, THE RIDGEWAY, FARNSFIELD, NEWARK, NG22 8DG - £248,000

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.

16 THE RIDGEWAY is a midsized extended detached house of 119m², built sometime between 1950 and 1966, which could now be worth an estimated £409,244. It was last sold for £248,000 in September 2013, which was around 16% above the average September 2013 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was July 2013, where the current energy rating was D, and the potential energy rating was C.

16 THE RIDGEWAY Sold Prices

Land registry data shows two sales for 16 THE RIDGEWAY 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 16 THE RIDGEWAY sales were 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
2013 9 SEP	£248,000	£213,306	16% above HPI
2004 10 NOV	£230,000	£208,702	10% above HPI

16 THE RIDGEWAY 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 16 THE RIDGEWAY sales from November 2004 and September 2013 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 November 2004 sale was for 10% above the HPI. So the extrapolation line tracks at 10% above the HPI over time, until the September 2013 sale, where it rises to 16% above the HPI. The line then continues to track at 16% above the HPI.

What might 16 THE RIDGEWAY be worth now?

16 THE RIDGEWAY might now be worth an estimated £409,244.

This is based on house price inflation of 65%, between September 2013 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 65% inflationary increase is applied to the most recent sale price for 16 THE RIDGEWAY of £248,000 on 9th September 2013. For the value to have increased from £248,000 to £409,244 over the twelve years and seven months to February 2025, the following assumptions must hold true:

• The value of 16 THE RIDGEWAY has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The September 2013 sale price of £248,000 represented a fair market value for the property.
• The size, condition, and specification of 16 THE RIDGEWAY has not materially changed since September 2013.

How Large is 16 THE RIDGEWAY?

16 THE RIDGEWAY is 119m², which includes one extension, according to the EPC inspection conducted in July 2013. This puts it in the smallest 50% 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 16 THE RIDGEWAY lies on this distribution: 42% of detached houses houses are smaller than 16 THE RIDGEWAY, and 57% of houses are larger. Note that EPC data is not available for all properties in Farnsfield.

16 THE RIDGEWAY: Plot and Title Map

16 THE RIDGEWAY sits on a plot of roughly 0.110 of an acre, or 447m². The below map shows the location of 16 THE RIDGEWAY, 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 16 THE RIDGEWAY). 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 16 THE RIDGEWAY?

16 THE RIDGEWAY is located in FARNSFIELD, in the NG22 postcode district. The below map shows the position of No. 16 on THE RIDGEWAY.