47, RIDGEWELL CLOSE, LINCOLN, LN6 3QQ - £175,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

47 RIDGEWELL CLOSE is a very small semi-detached house of 65m², built sometime between 1983 and 1990, which could now be worth an estimated £174,892. It was last sold for £175,000 in February 2023, which was around 13% below the average February 2023 semi-detached price in the Lincoln local authority area. The most recent EPC inspection was January 2019, where the current energy rating was D, and the potential energy rating was B.

47 RIDGEWELL CLOSE Sold Prices

Land registry data shows two sales for 47 RIDGEWELL CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Lincoln local authority area for the corresponding sale date. One of the two 47 RIDGEWELL CLOSE sales was for below the average price, whilst the other was for above 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
2023 1 FEB	£175,000	£200,349	13% below HPI
2002 22 MAR	£61,000	£59,276	3% above HPI

47 RIDGEWELL CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Lincoln local authority area over time, sourced from the HPI. The two 47 RIDGEWELL CLOSE sales from March 2002 and February 2023 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 March 2002 sale was for 3% above the HPI. So the extrapolation line tracks at 3% above the HPI over time, until the February 2023 sale, where it falls to 13% below the HPI. The line then continues to track at 13% below the HPI.

What might 47 RIDGEWELL CLOSE be worth now?

47 RIDGEWELL CLOSE might now be worth an estimated £174,892.

This is based on house price deflation of 0.1%, between February 2023 and February 2025, for semi-detached houses, in the Lincoln local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 0.1% deflationary decrease is applied to the most recent sale price for 47 RIDGEWELL CLOSE of £175,000 on 1st February 2023. For the value to have decreased from £175,000 to £174,892 over the two years to February 2025, the following assumptions must hold true:

• The value of 47 RIDGEWELL CLOSE has moved in line with the HPI for semi-detached houses in the Lincoln local authority area.
• The February 2023 sale price of £175,000 represented a fair market value for the property.
• The size, condition, and specification of 47 RIDGEWELL CLOSE has not materially changed since February 2023.

How Large is 47 RIDGEWELL CLOSE?

47 RIDGEWELL CLOSE is 65m² according to the EPC inspection conducted in January 2019. This puts it in the smallest 10% of semi-detached houses houses in Lincoln, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Lincoln, and where 47 RIDGEWELL CLOSE lies on this distribution: 9% of semi-detached houses houses are smaller than 47 RIDGEWELL CLOSE, and 90% of houses are larger. Note that EPC data is not available for all properties in Lincoln.

47 RIDGEWELL CLOSE: Plot and Title Map

47 RIDGEWELL CLOSE sits on a plot of roughly 0.072 of an acre, or 293m². The below map shows the location of 47 RIDGEWELL 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 47 RIDGEWELL 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 47 RIDGEWELL CLOSE?

47 RIDGEWELL CLOSE is located in LINCOLN, in the LN6 postcode district. The below map shows the position of No. 47 on RIDGEWELL CLOSE.