4, RIDGEMERE CLOSE, SYSTON, LEICESTER, LE7 2ZR - £215,000

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.

4 RIDGEMERE CLOSE is a very small detached house of 55m², built sometime between 1991 and 1995, which could now be worth an estimated £270,883. It was last sold for £215,000 in March 2020, which was around 35% below the average March 2020 detached price in the Charnwood local authority area. The most recent EPC inspection was January 2019, where the current energy rating was D, and the potential energy rating was B.

4 RIDGEMERE CLOSE Sold Prices

Land registry data shows two sales for 4 RIDGEMERE CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Charnwood local authority area for the corresponding sale date. Both of the two 4 RIDGEMERE CLOSE 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 10 MAR	£215,000	£330,355	35% below HPI
2006 20 JUL	£207,000	£233,935	12% below HPI

4 RIDGEMERE CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Charnwood local authority area over time, sourced from the HPI. The two 4 RIDGEMERE CLOSE sales from July 2006 and March 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 July 2006 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the March 2020 sale, where it falls to 35% below the HPI. The line then continues to track at 35% below the HPI.

What might 4 RIDGEMERE CLOSE be worth now?

4 RIDGEMERE CLOSE might now be worth an estimated £270,883.

This is based on house price inflation of 26%, between March 2020 and February 2025, for detached houses, in the Charnwood local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 26% inflationary increase is applied to the most recent sale price for 4 RIDGEMERE CLOSE of £215,000 on 10th March 2020. For the value to have increased from £215,000 to £270,883 over the five years and one month to February 2025, the following assumptions must hold true:

• The value of 4 RIDGEMERE CLOSE has moved in line with the HPI for detached houses in the Charnwood local authority area.
• The March 2020 sale price of £215,000 represented a fair market value for the property.
• The size, condition, and specification of 4 RIDGEMERE CLOSE has not materially changed since March 2020.

How Large is 4 RIDGEMERE CLOSE?

4 RIDGEMERE CLOSE is 55m² according to the EPC inspection conducted in January 2019. This puts it in the smallest 10% of detached houses houses in Syston, based on EPC data. The below chart shows the distribution of detached houses houses by size in Syston, and where 4 RIDGEMERE CLOSE lies on this distribution: 2% of detached houses houses are smaller than 4 RIDGEMERE CLOSE, and 97% of houses are larger. Note that EPC data is not available for all properties in Syston.

4 RIDGEMERE CLOSE: Plot and Title Map

4 RIDGEMERE CLOSE sits on a plot of roughly 0.080 of an acre, or 324m². The below map shows the location of 4 RIDGEMERE CLOSE, 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 4 RIDGEMERE CLOSE). 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 4 RIDGEMERE CLOSE?

4 RIDGEMERE CLOSE is located in SYSTON, in the LE7 postcode district. The below map shows the position of No. 4 on RIDGEMERE CLOSE.