25, THE RIDGEWAY, FARNSFIELD, NEWARK, NG22 8DW - £291,600

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.

25 THE RIDGEWAY is a small extended detached house of 108m², built sometime between 1967 and 1975, which could now be worth an estimated £292,623. It was last sold for £291,600 in February 2023, which was around 17% below the average February 2023 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was March 2019, where the current energy rating was D, and the potential energy rating was C.

25 THE RIDGEWAY Sold Prices

Land registry data shows two sales for 25 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 25 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
2023 16 FEB	£291,600	£350,763	17% below HPI
1997 17 JUN	£60,000	£80,977	26% below HPI

25 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 25 THE RIDGEWAY sales from June 1997 and February 2023 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 1997 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the February 2023 sale, where it rises to 17% below the HPI. The line then continues to track at 17% below the HPI.

What might 25 THE RIDGEWAY be worth now?

25 THE RIDGEWAY might now be worth an estimated £292,623.

This is based on house price inflation of 0.4%, between February 2023 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 0.4% inflationary increase is applied to the most recent sale price for 25 THE RIDGEWAY of £291,600 on 16th February 2023. For the value to have increased from £291,600 to £292,623 over the two years to February 2025, the following assumptions must hold true:

• The value of 25 THE RIDGEWAY has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The February 2023 sale price of £291,600 represented a fair market value for the property.
• The size, condition, and specification of 25 THE RIDGEWAY has not materially changed since February 2023.

How Large is 25 THE RIDGEWAY?

25 THE RIDGEWAY is 108m², which includes one extension, according to the EPC inspection conducted in March 2019. This puts it in the smallest 40% 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 25 THE RIDGEWAY lies on this distribution: 31% of detached houses houses are smaller than 25 THE RIDGEWAY, and 68% of houses are larger. Note that EPC data is not available for all properties in Farnsfield.

25 THE RIDGEWAY: Plot and Title Map

25 THE RIDGEWAY sits on a plot of roughly 0.071 of an acre, or 289m². The below map shows the location of 25 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 25 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 25 THE RIDGEWAY?

25 THE RIDGEWAY is located in FARNSFIELD, in the NG22 postcode district. The below map shows the position of No. 25 on THE RIDGEWAY.