22, RIDGEWAY, SOUTHWELL, NG25 0DU - £292,500

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

22 RIDGEWAY is a large extended detached house of 144m², built sometime between 1950 and 1966. It was last sold for £292,500 in December 2007, which was around 30% above the average December 2007 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was May 2016, where the current energy rating was D, and the potential energy rating was C.

22 RIDGEWAY Sold Prices

Land registry data shows two sales for 22 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. One of the two 22 RIDGEWAY sales was for above the average price, whilst the other was 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
2007 18 DEC	£292,500	£225,534	30% above HPI
1998 21 AUG	£66,500	£84,141	21% below HPI

22 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 22 RIDGEWAY sales from August 1998 and December 2007 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 August 1998 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the December 2007 sale, where it rises to 30% above the HPI. The line then continues to track at 30% above the HPI.

How Large is 22 RIDGEWAY?

22 RIDGEWAY is 144m², which includes two extensions, according to the EPC inspection conducted in May 2016. This puts it in the largest 30% of detached houses in Southwell, based on EPC data. The below chart shows the distribution of detached houses by size in Southwell, and where 22 RIDGEWAY lies on this distribution: 72% of detached houses are smaller than 22 RIDGEWAY, and 27% of houses are larger. Note that EPC data is not available for all properties in Southwell.

22 RIDGEWAY: Plot and Title Map

22 RIDGEWAY sits on a plot of roughly 0.117 of an acre, or 475m². The below map shows the location of 22 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 22 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 22 RIDGEWAY?

22 RIDGEWAY is located in SOUTHWELL, in the NG25 postcode district. The below map shows the position of No. 22 on RIDGEWAY.