41, RIDGE CLOSE, LONDON, SE28 0HX - £390,000

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

41 RIDGE CLOSE is a very small detached house of 70m², built sometime between 1996 and 2002. It was last sold for £390,000 in November 2022, which was around 61% below the average November 2022 detached price in the Greenwich local authority area. The most recent EPC inspection was July 2022, where the current energy rating was C, and the potential energy rating was B.

41 RIDGE CLOSE Sold Prices

Land registry data shows two sales for 41 RIDGE 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 Greenwich local authority area for the corresponding sale date. Both of the two 41 RIDGE 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
2022 7 NOV	£390,000	£997,416	61% below HPI
1999 12 NOV	£117,950	£206,961	43% below HPI

41 RIDGE CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Greenwich local authority area over time, sourced from the HPI. The two 41 RIDGE CLOSE sales from November 1999 and November 2022 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 1999 sale was for 43% below the HPI. So the extrapolation line tracks at 43% below the HPI over time, until the November 2022 sale, where it falls to 61% below the HPI. The line then continues to track at 61% below the HPI.

How Large is 41 RIDGE CLOSE?

41 RIDGE CLOSE is 70m² according to the EPC inspection conducted in July 2022. This puts it in the smallest 10% of detached houses in London, based on EPC data. The below chart shows the distribution of detached houses by size in London, and where 41 RIDGE CLOSE lies on this distribution: 4% of detached houses are smaller than 41 RIDGE CLOSE, and 96% of houses are larger. Note that EPC data is not available for all properties in London.

41 RIDGE CLOSE: Plot and Title Map

41 RIDGE CLOSE sits on a plot of roughly 0.055 of an acre, or 224m². The below map shows the location of 41 RIDGE 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 41 RIDGE 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 41 RIDGE CLOSE?

41 RIDGE CLOSE is located in LONDON, in the SE28 postcode district. The below map shows the position of No. 41 on RIDGE CLOSE.