25, THE RIDGEWAY, NORWICH, NR1 4ND - £275,000

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

25 THE RIDGEWAY is a very small detached house of 65m², built sometime between 1950 and 1966. It was last sold for £275,000 in August 2022, which was around 40% below the average August 2022 detached price in the Norwich local authority area. The most recent EPC inspection was March 2022, where the current energy rating was D, and the potential energy rating was B.

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 Norwich 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
2022 15 AUG	£275,000	£459,070	40% below HPI
1997 20 JUN	£52,000	£81,222	36% below HPI

25 THE RIDGEWAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Norwich local authority area over time, sourced from the HPI. The two 25 THE RIDGEWAY sales from June 1997 and August 2022 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 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the August 2022 sale, where it falls to 40% below the HPI. The line then continues to track at 40% below the HPI.

How Large is 25 THE RIDGEWAY?

25 THE RIDGEWAY is 65m² according to the EPC inspection conducted in March 2022. This puts it in the smallest 10% of detached houses in Norwich, based on EPC data. The below chart shows the distribution of detached houses by size in Norwich, and where 25 THE RIDGEWAY lies on this distribution: 5% of detached houses are smaller than 25 THE RIDGEWAY, and 94% of houses are larger. Note that EPC data is not available for all properties in Norwich.

25 THE RIDGEWAY: Plot and Title Map

25 THE RIDGEWAY sits on a plot of roughly 0.073 of an acre, or 296m². 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 NORWICH, in the NR1 postcode district. The below map shows the position of No. 25 on THE RIDGEWAY.