41, THE RIDGEWAY, MARCHWIEL, WREXHAM, LL13 0SB - £138,000

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

41 THE RIDGEWAY is a very small detached house of 77m², built sometime between 1976 and 1982. It was last sold for £138,000 in August 2011, which was around 27% below the average August 2011 detached price in the Wrexham local authority area. The most recent EPC inspection was January 2021, where the current energy rating was C, and the potential energy rating was B.

41 THE RIDGEWAY Sold Prices

Land registry data shows two sales for 41 THE RIDGEWAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Wrexham local authority area for the corresponding sale date. Both of the two 41 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
2011 24 AUG	£138,000	£189,591	27% below HPI
1997 30 OCT	£55,500	£73,397	24% below HPI

41 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 two 41 THE RIDGEWAY sales from October 1997 and August 2011 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 October 1997 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the August 2011 sale, where it falls to 27% below the HPI. The line then continues to track at 27% below the HPI.

How Large is 41 THE RIDGEWAY?

41 THE RIDGEWAY is 77m² according to the EPC inspection conducted in January 2021. This puts it in the smallest 20% of detached houses in Marchwiel, based on EPC data. The below chart shows the distribution of detached houses by size in Marchwiel, and where 41 THE RIDGEWAY lies on this distribution: 15% of detached houses are smaller than 41 THE RIDGEWAY, and 85% of houses are larger. Note that EPC data is not available for all properties in Marchwiel.

41 THE RIDGEWAY: Plot and Title Map

41 THE RIDGEWAY sits on a plot of roughly 0.066 of an acre, or 265m². The below map shows the location of 41 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 41 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 41 THE RIDGEWAY?

41 THE RIDGEWAY is located in MARCHWIEL, in the LL13 postcode district. The below map shows the position of No. 41 on THE RIDGEWAY.