3, RIDGEWAY, HIGHWOODS, COLCHESTER, CO4 9UW - £420,000

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 RIDGEWAY is a very large extended detached house of 185m², built sometime between 1983 and 1990. It was last sold for £420,000 in August 2012, which was around 45% above the average August 2012 detached price in the Colchester local authority area. The most recent EPC inspection was September 2016, where the current energy rating was D, and the potential energy rating was B.

3 RIDGEWAY Sold Prices

Land registry data shows four sales for 3 RIDGEWAY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Colchester local authority area for the corresponding sale date. All of the four 3 RIDGEWAY sales 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
2012 17 AUG	£420,000	£289,766	45% above HPI
2005 30 AUG	£365,000	£268,904	36% above HPI
1999 29 JUL	£202,000	£120,463	68% above HPI
1995 17 JUL	£175,000	£89,895	95% above HPI

3 RIDGEWAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Colchester local authority area over time, sourced from the HPI. The four 3 RIDGEWAY sales between July 1995 and August 2012 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 August 2005 sale was for 36% above the HPI. So the extrapolation line tracks at 36% above the HPI over time, until the August 2012 sale, where it rises to 45% above the HPI. The line then continues to track at 45% above the HPI.

How Large is 3 RIDGEWAY?

3 RIDGEWAY is 185m², which includes two extensions, according to the EPC inspection conducted in September 2016. This puts it in the largest 10% of detached houses in Colchester, based on EPC data. The below chart shows the distribution of detached houses by size in Colchester, and where 3 RIDGEWAY lies on this distribution: 92% of detached houses are smaller than 3 RIDGEWAY, and 7% of houses are larger. Note that EPC data is not available for all properties in Colchester.

3 RIDGEWAY: Plot and Title Map

3 RIDGEWAY sits on a plot of roughly 0.133 of an acre, or 537m². The below map shows the location of 3 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 3 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 3 RIDGEWAY?

3 RIDGEWAY is located in HIGHWOODS, in the CO4 postcode district. The below map shows the position of No. 3 on RIDGEWAY.