27, RIDGE WAY, PENWORTHAM, PRESTON, PR1 9XW - £220,000

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

27 RIDGE WAY is a large extended detached house of 129m², built sometime between 1991 and 1995. It was last sold for £220,000 in March 2018, which was around 12% below the average March 2018 detached price in the South Ribble local authority area. The most recent EPC inspection was July 2017, where the current energy rating was D, and the potential energy rating was C.

27 RIDGE WAY Sold Prices

Land registry data shows three sales for 27 RIDGE WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the South Ribble local authority area for the corresponding sale date. One of the three 27 RIDGE WAY sales was for below the average price, whilst two were for above 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
2018 9 MAR	£220,000	£251,278	12% below HPI
2006 8 DEC	£242,500	£233,248	4% above HPI
2001 25 APR	£132,000	£104,710	26% above HPI

27 RIDGE WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Ribble local authority area over time, sourced from the HPI. The three 27 RIDGE WAY sales between April 2001 and March 2018 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 2006 sale was for 4% above the HPI. So the extrapolation line tracks at 4% above the HPI over time, until the March 2018 sale, where it falls to 12% below the HPI. The line then continues to track at 12% below the HPI.

How Large is 27 RIDGE WAY?

27 RIDGE WAY is 129m², which includes one extension, according to the EPC inspection conducted in July 2017. This puts it in the largest 40% of detached houses in Penwortham, based on EPC data. The below chart shows the distribution of detached houses by size in Penwortham, and where 27 RIDGE WAY lies on this distribution: 66% of detached houses are smaller than 27 RIDGE WAY, and 34% of houses are larger. Note that EPC data is not available for all properties in Penwortham.

27 RIDGE WAY: Plot and Title Map

27 RIDGE WAY sits on a plot of roughly 0.084 of an acre, or 340m². The below map shows the location of 27 RIDGE WAY, 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 27 RIDGE WAY). 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 27 RIDGE WAY?

27 RIDGE WAY is located in PENWORTHAM, in the PR1 postcode district. The below map shows the position of No. 27 on RIDGE WAY.