40, THE RIDGEWAY, NORWICH, NR1 4ND - £175,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

40 THE RIDGEWAY is a very small detached house of 66m², built sometime between 1950 and 1966. It was last sold for £175,000 in March 2013, which was around 33% below the average March 2013 detached price in the Norwich local authority area. The most recent EPC inspection was May 2012, where the current energy rating was F, and the potential energy rating was B.

40 THE RIDGEWAY Sold Prices

Land registry data shows four sales for 40 THE RIDGEWAY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Norwich local authority area for the corresponding sale date. All of the four 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
2013 20 MAR	£175,000	£261,889	33% below HPI
2012 19 SEP	£128,000	£268,428	52% below HPI
1998 23 OCT	£53,050	£92,948	43% below HPI
1998 29 APR	£45,000	£87,581	49% below HPI

40 THE RIDGEWAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Norwich local authority area over time, sourced from the HPI. The four 40 THE RIDGEWAY sales between April 1998 and March 2013 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 September 2012 sale was for 52% below the HPI. So the extrapolation line tracks at 52% below the HPI over time, until the March 2013 sale, where it rises to 33% below the HPI. The line then continues to track at 33% below the HPI.

How Large is 40 THE RIDGEWAY?

40 THE RIDGEWAY is 66m² according to the EPC inspection conducted in May 2012. This puts it in the smallest 10% of detached houses in Norwich, based on EPC data. The below chart shows the distribution of detached houses by size in Norwich, and where 40 THE RIDGEWAY lies on this distribution: 6% of detached houses are smaller than 40 THE RIDGEWAY, and 93% of houses are larger. Note that EPC data is not available for all properties in Norwich.

40 THE RIDGEWAY: Plot and Title Map

40 THE RIDGEWAY sits on a plot of roughly 0.079 of an acre, or 320m². 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 NORWICH, in the NR1 postcode district. The below map shows the position of No. 40 on THE RIDGEWAY.