2, THE RIDGEWAY, NORWICH, NR1 4NB - £210,000

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 THE RIDGEWAY is a very small semi-detached house of 73m², built sometime between 1967 and 1975, which could now be worth an estimated £280,730. It was last sold for £210,000 in July 2016, which was around 4% below the average July 2016 semi-detached price in the Norwich local authority area. The most recent EPC inspection was October 2015, where the current energy rating was D, and the potential energy rating was B.

2 THE RIDGEWAY Sold Prices

Land registry data shows two sales for 2 THE RIDGEWAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Norwich local authority area for the corresponding sale date. Both of the two 2 THE 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
2016 29 JUL	£210,000	£218,587	4% below HPI
2015 23 DEC	£159,500	£205,968	23% below HPI

2 THE RIDGEWAY Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Norwich local authority area over time, sourced from the HPI. The two 2 THE RIDGEWAY sales from December 2015 and July 2016 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 December 2015 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the July 2016 sale, where it rises to 4% below the HPI. The line then continues to track at 4% below the HPI.

What might 2 THE RIDGEWAY be worth now?

2 THE RIDGEWAY might now be worth an estimated £280,730.

This is based on house price inflation of 33.7%, between July 2016 and February 2025, for semi-detached houses, in the Norwich local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 33.7% inflationary increase is applied to the most recent sale price for 2 THE RIDGEWAY of £210,000 on 29th July 2016. For the value to have increased from £210,000 to £280,730 over the nine years and five months to February 2025, the following assumptions must hold true:

• The value of 2 THE RIDGEWAY has moved in line with the HPI for semi-detached houses in the Norwich local authority area.
• The July 2016 sale price of £210,000 represented a fair market value for the property.
• The size, condition, and specification of 2 THE RIDGEWAY has not materially changed since July 2016.

How Large is 2 THE RIDGEWAY?

2 THE RIDGEWAY is 73m² according to the EPC inspection conducted in October 2015. This puts it in the smallest 20% of semi-detached houses houses in Norwich, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Norwich, and where 2 THE RIDGEWAY lies on this distribution: 12% of semi-detached houses houses are smaller than 2 THE RIDGEWAY, and 88% of houses are larger. Note that EPC data is not available for all properties in Norwich.

2 THE RIDGEWAY: Plot and Title Map

2 THE RIDGEWAY sits on a plot of roughly 0.065 of an acre, or 262m². The below map shows the location of 2 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 2 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 2 THE RIDGEWAY?

2 THE RIDGEWAY is located in NORWICH, in the NR1 postcode district. The below map shows the position of No. 2 on THE RIDGEWAY.