45, THE RIDGEWAY, BURBAGE, HINCKLEY, LE10 2NR - £177,500

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

45 THE RIDGEWAY is a very small detached house of 72m², built sometime between 1976 and 1982. It was last sold for £177,500 in June 2013, which was around 17% below the average June 2013 detached price in the Hinckley and Bosworth local authority area. The most recent EPC inspection was October 2011, where the current energy rating was D, and the potential energy rating was D.

45 THE RIDGEWAY Sold Prices

Land registry data shows three sales for 45 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 Hinckley and Bosworth local authority area for the corresponding sale date. All of the three 45 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 25 JUN	£177,500	£212,698	17% below HPI
2006 13 APR	£183,000	£224,293	18% below HPI
1998 18 DEC	£70,000	£90,346	23% below HPI

45 THE RIDGEWAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Hinckley and Bosworth local authority area over time, sourced from the HPI. The three 45 THE RIDGEWAY sales between December 1998 and June 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 April 2006 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the June 2013 sale, where it rises to 17% below the HPI. The line then continues to track at 17% below the HPI.

How Large is 45 THE RIDGEWAY?

45 THE RIDGEWAY is 72m² according to the EPC inspection conducted in October 2011. This puts it in the smallest 10% of detached houses in Hinckley, based on EPC data. The below chart shows the distribution of detached houses by size in Hinckley, and where 45 THE RIDGEWAY lies on this distribution: 8% of detached houses are smaller than 45 THE RIDGEWAY, and 92% of houses are larger. Note that EPC data is not available for all properties in Hinckley.

45 THE RIDGEWAY: Plot and Title Map

45 THE RIDGEWAY sits on a plot of roughly 0.071 of an acre, or 287m². The below map shows the location of 45 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 45 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 45 THE RIDGEWAY?

45 THE RIDGEWAY is located in BURBAGE, in the LE10 postcode district. The below map shows the position of No. 45 on THE RIDGEWAY.