2, RIDGEWOOD CLOSE, HINDLEY GREEN, WIGAN, WN2 4GE - £195,000

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.

2 RIDGEWOOD CLOSE is a very large extended detached house of 126m², built sometime between 2003 and 2006, which could now be worth an estimated £292,958. It was last sold for £195,000 in June 2017, which was around 5% below the average June 2017 detached price in the Wigan local authority area. The most recent EPC inspection was August 2016, where the current energy rating was C, and the potential energy rating was B.

2 RIDGEWOOD CLOSE Sold Prices

Land registry data shows two sales for 2 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 Wigan local authority area for the corresponding sale date. One of the two 2 RIDGEWOOD CLOSE sales was for below the average price, whilst the other was 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
2017 9 JUN	£195,000	£204,562	5% below HPI
2004 30 APR	£177,800	£143,416	24% above HPI

2 RIDGEWOOD CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Wigan local authority area over time, sourced from the HPI. The two 2 RIDGEWOOD CLOSE sales from April 2004 and June 2017 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 April 2004 sale was for 24% above the HPI. So the extrapolation line tracks at 24% above the HPI over time, until the June 2017 sale, where it falls to 5% below the HPI. The line then continues to track at 5% below the HPI.

What might 2 RIDGEWOOD CLOSE be worth now?

2 RIDGEWOOD CLOSE might now be worth an estimated £292,958.

This is based on house price inflation of 50.2%, between June 2017 and June 2025, for detached houses, in the Wigan local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 50.2% inflationary increase is applied to the most recent sale price for 2 RIDGEWOOD CLOSE of £195,000 on 9th June 2017. For the value to have increased from £195,000 to £292,958 over the eight years to June 2025, the following assumptions must hold true:

• The value of 2 RIDGEWOOD CLOSE has moved in line with the HPI for detached houses in the Wigan local authority area.
• The June 2017 sale price of £195,000 represented a fair market value for the property.
• The size, condition, and specification of 2 RIDGEWOOD CLOSE has not materially changed since June 2017.

How Large is 2 RIDGEWOOD CLOSE?

2 RIDGEWOOD CLOSE is 126m², which includes one extension, according to the EPC inspection conducted in August 2016. This puts it in the largest 20% of detached houses houses in Hindley, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hindley, and where 2 RIDGEWOOD CLOSE lies on this distribution: 81% of detached houses houses are smaller than 2 RIDGEWOOD CLOSE, and 19% of houses are larger. Note that EPC data is not available for all properties in Hindley.

2 RIDGEWOOD CLOSE: Plot and Title Map

2 RIDGEWOOD CLOSE sits on a plot of roughly 2.2 acres, or 9,091m². The below map shows the location of 2 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 2 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 2 RIDGEWOOD CLOSE?

2 RIDGEWOOD CLOSE is located in HINDLEY GREEN, in the WN2 postcode district. The below map shows the position of No. 2 on RIDGEWOOD CLOSE.