4, RIDGEWAY CLOSE, FARNSFIELD, NEWARK, NG22 8DT - £375,000

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

4 RIDGEWAY CLOSE is a very small extended detached house of 90m², built sometime between 1967 and 1975. It was last sold for £375,000 in April 2021, which was around 31% above the average April 2021 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was November 2012, where the current energy rating was D, and the potential energy rating was B.

4 RIDGEWAY CLOSE Sold Prices

Land registry data shows four sales for 4 RIDGEWAY CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Newark and Sherwood local authority area for the corresponding sale date. two of the four 4 RIDGEWAY CLOSE sales were for above the average price, and four 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 12 APR	£375,000	£285,619	31% above HPI
2019 22 FEB	£312,000	£265,283	18% above HPI
2013 26 APR	£185,000	£202,958	9% below HPI
2003 19 SEP	£148,000	£168,645	12% below HPI

4 RIDGEWAY CLOSE 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 four 4 RIDGEWAY CLOSE sales between September 2003 and April 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 February 2019 sale was for 18% above the HPI. So the extrapolation line tracks at 18% above the HPI over time, until the April 2021 sale, where it rises to 31% above the HPI. The line then continues to track at 31% above the HPI.

How Large is 4 RIDGEWAY CLOSE?

4 RIDGEWAY CLOSE is 90m², which includes one extension, according to the EPC inspection conducted in November 2012. This puts it in the smallest 20% of detached houses in Farnsfield, based on EPC data. The below chart shows the distribution of detached houses by size in Farnsfield, and where 4 RIDGEWAY CLOSE lies on this distribution: 17% of detached houses are smaller than 4 RIDGEWAY CLOSE, and 82% of houses are larger. Note that EPC data is not available for all properties in Farnsfield.

4 RIDGEWAY CLOSE: Plot and Title Map

4 RIDGEWAY CLOSE sits on a plot of roughly 0.078 of an acre, or 316m². The below map shows the location of 4 RIDGEWAY 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 RIDGEWAY 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 RIDGEWAY CLOSE?

4 RIDGEWAY CLOSE is located in FARNSFIELD, in the NG22 postcode district. The below map shows the position of No. 4 on RIDGEWAY CLOSE.