31, THE RIDGEWAY, FARNSFIELD, NEWARK, NG22 8DW - £275,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

31 THE RIDGEWAY is a small extended detached house of 101m², built sometime between 1976 and 1982, which could now be worth an estimated £321,117. It was last sold for £275,000 in March 2021, which was around 9% below the average March 2021 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was January 2018, where the current energy rating was D, and the potential energy rating was B.

31 THE RIDGEWAY Sold Prices

Land registry data shows three sales for 31 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 31 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
2021 29 MAR	£275,000	£301,442	9% below HPI
2018 27 APR	£250,000	£274,340	9% below HPI
2005 16 SEP	£198,000	£215,793	8% below HPI

31 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 31 THE RIDGEWAY sales between September 2005 and March 2021 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 2018 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the March 2021 sale, which was also at 9% below the HPI.

What might 31 THE RIDGEWAY be worth now?

31 THE RIDGEWAY might now be worth an estimated £321,117.

This is based on house price inflation of 16.8%, between March 2021 and February 2025, 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 16.8% inflationary increase is applied to the most recent sale price for 31 THE RIDGEWAY of £275,000 on 29th March 2021. For the value to have increased from £275,000 to £321,117 over the four years and one month to February 2025, the following assumptions must hold true:

• The value of 31 THE RIDGEWAY has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The March 2021 sale price of £275,000 represented a fair market value for the property.
• The size, condition, and specification of 31 THE RIDGEWAY has not materially changed since March 2021.

How Large is 31 THE RIDGEWAY?

31 THE RIDGEWAY is 101m², which includes one extension, according to the EPC inspection conducted in January 2018. This puts it in the smallest 30% 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 31 THE RIDGEWAY lies on this distribution: 26% of detached houses houses are smaller than 31 THE RIDGEWAY, and 74% of houses are larger. Note that EPC data is not available for all properties in Farnsfield.

31 THE RIDGEWAY: Plot and Title Map

31 THE RIDGEWAY sits on a plot of roughly 0.092 of an acre, or 372m². The below map shows the location of 31 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 31 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 31 THE RIDGEWAY?

31 THE RIDGEWAY is located in FARNSFIELD, in the NG22 postcode district. The below map shows the position of No. 31 on THE RIDGEWAY.