40, THE RIDGEWAY, MARCHWIEL, WREXHAM, LL13 0SB - £165,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

40 THE RIDGEWAY is a very large extended detached house of 144m², built sometime between 1967 and 1975, which could now be worth an estimated £262,768. It was last sold for £165,000 in January 2010, which was around 15% below the average January 2010 detached price in the Wrexham local authority area. The most recent EPC inspection was November 2009, where the current energy rating was D, and the potential energy rating was D.

40 THE RIDGEWAY Sold Prices

Land registry data shows three sales for 40 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 Wrexham local authority area for the corresponding sale date. All of the three 40 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
2010 15 JAN	£165,000	£193,411	15% below HPI
2003 22 AUG	£144,000	£149,015	3% below HPI
1995 25 SEP	£50,000	£67,919	26% below HPI

40 THE RIDGEWAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Wrexham local authority area over time, sourced from the HPI. The three 40 THE RIDGEWAY sales between September 1995 and January 2010 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 August 2003 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the January 2010 sale, where it falls to 15% below the HPI. The line then continues to track at 15% below the HPI.

What might 40 THE RIDGEWAY be worth now?

40 THE RIDGEWAY might now be worth an estimated £262,768.

This is based on house price inflation of 59.3%, between January 2010 and December 2024, for detached houses, in the Wrexham local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 59.3% inflationary increase is applied to the most recent sale price for 40 THE RIDGEWAY of £165,000 on 15th January 2010. For the value to have increased from £165,000 to £262,768 over the thirteen years and one month to December 2024, the following assumptions must hold true:

• The value of 40 THE RIDGEWAY has moved in line with the HPI for detached houses in the Wrexham local authority area.
• The January 2010 sale price of £165,000 represented a fair market value for the property.
• The size, condition, and specification of 40 THE RIDGEWAY has not materially changed since January 2010.

How Large is 40 THE RIDGEWAY?

40 THE RIDGEWAY is 144m², which includes two extensions, according to the EPC inspection conducted in November 2009. This puts it in the largest 10% of detached houses houses in Marchwiel, based on EPC data. The below chart shows the distribution of detached houses houses by size in Marchwiel, and where 40 THE RIDGEWAY lies on this distribution: 92% of detached houses houses are smaller than 40 THE RIDGEWAY, and 8% of houses are larger. Note that EPC data is not available for all properties in Marchwiel.

40 THE RIDGEWAY: Plot and Title Map

40 THE RIDGEWAY sits on a plot of roughly 0.062 of an acre, or 251m². The below map shows the location of 40 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 40 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 40 THE RIDGEWAY?

40 THE RIDGEWAY is located in MARCHWIEL, in the LL13 postcode district. The below map shows the position of No. 40 on THE RIDGEWAY.