32, RIDGEWAY, SOUTHWELL, NG25 0DU - £348,000

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

32 RIDGEWAY is a midsized extended detached house of 110m², built sometime between 1967 and 1975. It was last sold for £348,000 in November 2020, which was around 20% above the average November 2020 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was May 2018, where the current energy rating was C, and the potential energy rating was B.

32 RIDGEWAY Sold Prices

Land registry data shows five sales for 32 RIDGEWAY since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Newark and Sherwood local authority area for the corresponding sale date. Most of the five 32 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
2020 30 NOV	£348,000	£289,408	20% above HPI
2017 14 NOV	£220,000	£264,247	17% below HPI
2007 9 NOV	£169,500	£227,603	26% below HPI
2000 21 JUL	£79,950	£94,844	16% below HPI
1996 10 MAY	£57,500	£72,592	21% below HPI

32 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 five 32 RIDGEWAY sales between May 1996 and November 2020 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 November 2017 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the November 2020 sale, where it rises to 20% above the HPI. The line then continues to track at 20% above the HPI.

How Large is 32 RIDGEWAY?

32 RIDGEWAY is 110m², which includes two extensions, according to the EPC inspection conducted in May 2018. This puts it in the smallest 50% of detached houses in Southwell, based on EPC data. The below chart shows the distribution of detached houses by size in Southwell, and where 32 RIDGEWAY lies on this distribution: 41% of detached houses are smaller than 32 RIDGEWAY, and 58% of houses are larger. Note that EPC data is not available for all properties in Southwell.

32 RIDGEWAY: Plot and Title Map

32 RIDGEWAY sits on a plot of roughly 0.073 of an acre, or 296m². The below map shows the location of 32 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 32 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 32 RIDGEWAY?

32 RIDGEWAY is located in SOUTHWELL, in the NG25 postcode district. The below map shows the position of No. 32 on RIDGEWAY.