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

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.

25 THE RIDGEWAY is a very small detached house of 65m², built sometime between 1950 and 1966, which could now be worth an estimated £268,468. It was last sold for £275,000 in August 2022, which was around 42% 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	£473,322	42% below HPI
1997 20 JUN	£52,000	£83,743	38% 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 38% below the HPI. So the extrapolation line tracks at 38% below the HPI over time, until the August 2022 sale, where it falls to 42% below the HPI. The line then continues to track at 42% below the HPI.

What might 25 THE RIDGEWAY be worth now?

25 THE RIDGEWAY might now be worth an estimated £268,468.

This is based on house price deflation of 2.4%, between August 2022 and February 2025, for 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 2.4% deflationary decrease is applied to the most recent sale price for 25 THE RIDGEWAY of £275,000 on 15th August 2022. For the value to have decreased from £275,000 to £268,468 over the three years and six months 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 Norwich local authority area.
• The August 2022 sale price of £275,000 represented a fair market value for the property.
• The size, condition, and specification of 25 THE RIDGEWAY has not materially changed since August 2022.

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 houses in Norwich, based on EPC data. The below chart shows the distribution of detached houses houses by size in Norwich, and where 25 THE RIDGEWAY lies on this distribution: 5% of detached houses 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.