2, RIDGEWAY, SOUTHWELL, NG25 0DU - £220,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

2 RIDGEWAY is a very small detached house of 67m², built sometime between 1950 and 1966. It was last sold for £220,000 in June 2018, which was around 15% below the average June 2018 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was December 2017, where the current energy rating was C, and the potential energy rating was B.

2 RIDGEWAY Sold Prices

Land registry data shows two sales for 2 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 2 RIDGEWAY 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
2018 28 JUN	£220,000	£259,097	15% below HPI
1998 18 JUN	£55,000	£81,262	32% below HPI

2 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 2 RIDGEWAY sales from June 1998 and June 2018 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 1998 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the June 2018 sale, where it rises to 15% below the HPI. The line then continues to track at 15% below the HPI.

How Large is 2 RIDGEWAY?

2 RIDGEWAY is 67m² according to the EPC inspection conducted in December 2017. This puts it in the smallest 10% of detached houses in Southwell, based on EPC data. The below chart shows the distribution of detached houses by size in Southwell, and where 2 RIDGEWAY lies on this distribution: 5% of detached houses are smaller than 2 RIDGEWAY, and 95% of houses are larger. Note that EPC data is not available for all properties in Southwell.

2 RIDGEWAY: Plot and Title Map

2 RIDGEWAY sits on a plot of roughly 0.052 of an acre, or 212m². The below map shows the location of 2 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 2 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 2 RIDGEWAY?

2 RIDGEWAY is located in SOUTHWELL, in the NG25 postcode district. The below map shows the position of No. 2 on RIDGEWAY.