3, RIDGEMERE CLOSE, SYSTON, LEICESTER, LE7 2ZR - £162,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

3 RIDGEMERE CLOSE is a very small detached house of 54m², built sometime between 1983 and 1990. It was last sold for £162,000 in July 2011, which was around 33% below the average July 2011 detached price in the Charnwood local authority area. The most recent EPC inspection was February 2011, where the current energy rating was D, and the potential energy rating was C.

3 RIDGEMERE CLOSE Sold Prices

Land registry data shows two sales for 3 RIDGEMERE CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Charnwood local authority area for the corresponding sale date. Both of the two 3 RIDGEMERE CLOSE 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
2011 29 JUL	£162,000	£242,626	33% below HPI
2011 18 MAR	£100,000	£247,322	60% below HPI

3 RIDGEMERE CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Charnwood local authority area over time, sourced from the HPI. The two 3 RIDGEMERE CLOSE sales from March 2011 and July 2011 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 March 2011 sale was for 60% below the HPI. So the extrapolation line tracks at 60% below the HPI over time, until the July 2011 sale, where it rises to 33% below the HPI. The line then continues to track at 33% below the HPI.

How Large is 3 RIDGEMERE CLOSE?

3 RIDGEMERE CLOSE is 54m² according to the EPC inspection conducted in February 2011. This puts it in the smallest 10% of detached houses in Syston, based on EPC data. The below chart shows the distribution of detached houses by size in Syston, and where 3 RIDGEMERE CLOSE lies on this distribution: 2% of detached houses are smaller than 3 RIDGEMERE CLOSE, and 98% of houses are larger. Note that EPC data is not available for all properties in Syston.

3 RIDGEMERE CLOSE: Plot and Title Map

3 RIDGEMERE CLOSE sits on a plot of roughly 0.071 of an acre, or 288m². The below map shows the location of 3 RIDGEMERE CLOSE, 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 3 RIDGEMERE CLOSE). 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 3 RIDGEMERE CLOSE?

3 RIDGEMERE CLOSE is located in SYSTON, in the LE7 postcode district. The below map shows the position of No. 3 on RIDGEMERE CLOSE.