31, RIDGE WAY, PENWORTHAM, PRESTON, PR1 9XW - £230,000

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

31 RIDGE WAY is a small detached house of 96m², built sometime between 1983 and 1990. It was last sold for £230,000 in May 2013, which was around 8% above the average May 2013 detached price in the South Ribble local authority area. The most recent EPC inspection was February 2013, where the current energy rating was D, and the potential energy rating was B.

31 RIDGE WAY Sold Prices

Land registry data shows two sales for 31 RIDGE WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the South Ribble local authority area for the corresponding sale date. Both of the two 31 RIDGE WAY 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
2013 24 MAY	£230,000	£212,110	8% above HPI
2002 26 APR	£130,000	£116,550	12% above HPI

31 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 two 31 RIDGE WAY sales from April 2002 and May 2013 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 April 2002 sale was for 12% above the HPI. So the extrapolation line tracks at 12% above the HPI over time, until the May 2013 sale, where it falls to 8% above the HPI. The line then continues to track at 8% above the HPI.

How Large is 31 RIDGE WAY?

31 RIDGE WAY is 96m² according to the EPC inspection conducted in February 2013. This puts it in the smallest 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 31 RIDGE WAY lies on this distribution: 33% of detached houses are smaller than 31 RIDGE WAY, and 67% of houses are larger. Note that EPC data is not available for all properties in Penwortham.

31 RIDGE WAY: Plot and Title Map

31 RIDGE WAY sits on a plot of roughly 0.107 of an acre, or 435m². The below map shows the location of 31 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 31 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 31 RIDGE WAY?

31 RIDGE WAY is located in PENWORTHAM, in the PR1 postcode district. The below map shows the position of No. 31 on RIDGE WAY.