47, RIDGE WAY, PENWORTHAM, PRESTON, PR1 9XW - £239,950

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

47 RIDGE WAY is a small detached house of 86m², built sometime between 1991 and 1995. It was last sold for £239,950 in January 2020, which was around 5% below the average January 2020 detached price in the South Ribble local authority area. The most recent EPC inspection was August 2019, where the current energy rating was C, and the potential energy rating was B.

47 RIDGE WAY Sold Prices

Land registry data shows two sales for 47 RIDGE WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the South Ribble local authority area for the corresponding sale date. Both of the two 47 RIDGE WAY 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
2020 24 JAN	£239,950	£251,264	5% below HPI
1998 27 NOV	£75,000	£90,380	17% below HPI

47 RIDGE WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Ribble local authority area over time, sourced from the HPI. The two 47 RIDGE WAY sales from November 1998 and January 2020 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 1998 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the January 2020 sale, where it rises to 5% below the HPI. The line then continues to track at 5% below the HPI.

How Large is 47 RIDGE WAY?

47 RIDGE WAY is 86m² according to the EPC inspection conducted in August 2019. This puts it in the smallest 30% of detached houses in Penwortham, based on EPC data. The below chart shows the distribution of detached houses by size in Penwortham, and where 47 RIDGE WAY lies on this distribution: 22% of detached houses are smaller than 47 RIDGE WAY, and 77% of houses are larger. Note that EPC data is not available for all properties in Penwortham.

47 RIDGE WAY: Plot and Title Map

47 RIDGE WAY sits on a plot of roughly 0.067 of an acre, or 272m². The below map shows the location of 47 RIDGE WAY, 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 47 RIDGE WAY). 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 47 RIDGE WAY?

47 RIDGE WAY is located in PENWORTHAM, in the PR1 postcode district. The below map shows the position of No. 47 on RIDGE WAY.