45, THE RIDGEWAY, NORWICH, NR1 4ND - £179,000

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

45 THE RIDGEWAY is a very small detached house of 76m², built sometime between 1967 and 1975. It was last sold for £179,000 in October 2010, which was around 31% below the average October 2010 detached price in the Norwich local authority area. The most recent EPC inspection was July 2010, where the current energy rating was C, and the potential energy rating was C.

45 THE RIDGEWAY Sold Prices

Land registry data shows two sales for 45 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 Norwich local authority area for the corresponding sale date. Both of the two 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
2010 1 OCT	£179,000	£258,487	31% below HPI
2003 13 AUG	£132,000	£209,275	37% below HPI

45 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 two 45 THE RIDGEWAY sales from August 2003 and October 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 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the October 2010 sale, where it rises to 31% below the HPI. The line then continues to track at 31% below the HPI.

How Large is 45 THE RIDGEWAY?

45 THE RIDGEWAY is 76m² according to the EPC inspection conducted in July 2010. This puts it in the smallest 20% of detached houses in Norwich, based on EPC data. The below chart shows the distribution of detached houses by size in Norwich, and where 45 THE RIDGEWAY lies on this distribution: 15% of detached houses are smaller than 45 THE RIDGEWAY, and 85% of houses are larger. Note that EPC data is not available for all properties in Norwich.

45 THE RIDGEWAY: Plot and Title Map

45 THE RIDGEWAY sits on a plot of roughly 0.114 of an acre, or 463m². 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 NORWICH, in the NR1 postcode district. The below map shows the position of No. 45 on THE RIDGEWAY.