3, THE RIDGEWAY, FARNSFIELD, NEWARK, NG22 8DG - £335,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

3 THE RIDGEWAY is a very small detached house of 90m², built sometime between 1967 and 1975, which could now be worth an estimated £347,168. It was last sold for £335,000 in August 2023, which was around 3% below the average August 2023 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was October 2013, where the current energy rating was D, and the potential energy rating was B.

3 THE RIDGEWAY Sold Prices

Land registry data shows three sales for 3 THE RIDGEWAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Newark and Sherwood local authority area for the corresponding sale date. All of the three 3 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
2023 30 AUG	£335,000	£346,444	3% below HPI
2015 6 MAR	£210,000	£231,302	9% below HPI
2014 10 FEB	£190,000	£217,671	13% below HPI

3 THE RIDGEWAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Newark and Sherwood local authority area over time, sourced from the HPI. The three 3 THE RIDGEWAY sales between February 2014 and August 2023 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 2015 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the August 2023 sale, where it rises to 3% below the HPI. The line then continues to track at 3% below the HPI.

What might 3 THE RIDGEWAY be worth now?

3 THE RIDGEWAY might now be worth an estimated £347,168.

This is based on house price inflation of 3.6%, between August 2023 and December 2024, for detached houses, in the Newark and Sherwood local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 3.6% inflationary increase is applied to the most recent sale price for 3 THE RIDGEWAY of £335,000 on 30th August 2023. For the value to have increased from £335,000 to £347,168 over the eight months to December 2024, the following assumptions must hold true:

• The value of 3 THE RIDGEWAY has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The August 2023 sale price of £335,000 represented a fair market value for the property.
• The size, condition, and specification of 3 THE RIDGEWAY has not materially changed since August 2023.

How Large is 3 THE RIDGEWAY?

3 THE RIDGEWAY is 90m² according to the EPC inspection conducted in October 2013. This puts it in the smallest 20% of detached houses houses in Farnsfield, based on EPC data. The below chart shows the distribution of detached houses houses by size in Farnsfield, and where 3 THE RIDGEWAY lies on this distribution: 17% of detached houses houses are smaller than 3 THE RIDGEWAY, and 82% of houses are larger. Note that EPC data is not available for all properties in Farnsfield.

3 THE RIDGEWAY: Plot and Title Map

3 THE RIDGEWAY sits on a plot of roughly 0.094 of an acre, or 380m². The below map shows the location of 3 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 3 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 3 THE RIDGEWAY?

3 THE RIDGEWAY is located in FARNSFIELD, in the NG22 postcode district. The below map shows the position of No. 3 on THE RIDGEWAY.