47, THE RIDGEWAY, BURNTWOOD, WS7 4SP - £195,000

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 THE RIDGEWAY is a midsized semi-detached house of 102m², built sometime between 1950 and 1966, which could now be worth an estimated £250,902. It was last sold for £195,000 in March 2020, which was around 18% below the average March 2020 semi-detached price in the Lichfield local authority area. The most recent EPC inspection was April 2015, where the current energy rating was D, and the potential energy rating was B.

47 THE RIDGEWAY Sold Prices

Land registry data shows three sales for 47 THE RIDGEWAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Lichfield local authority area for the corresponding sale date. All of the three 47 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
2020 20 MAR	£195,000	£236,955	18% below HPI
2016 4 AUG	£180,000	£209,750	14% below HPI
2004 8 NOV	£136,000	£156,504	13% below HPI

47 THE RIDGEWAY Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Lichfield local authority area over time, sourced from the HPI. The three 47 THE RIDGEWAY sales between November 2004 and March 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 August 2016 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the March 2020 sale, where it falls to 18% below the HPI. The line then continues to track at 18% below the HPI.

What might 47 THE RIDGEWAY be worth now?

47 THE RIDGEWAY might now be worth an estimated £250,902.

This is based on house price inflation of 28.7%, between March 2020 and February 2025, for semi-detached houses, in the Lichfield local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 28.7% inflationary increase is applied to the most recent sale price for 47 THE RIDGEWAY of £195,000 on 20th March 2020. For the value to have increased from £195,000 to £250,902 over the five years and one month to February 2025, the following assumptions must hold true:

• The value of 47 THE RIDGEWAY has moved in line with the HPI for semi-detached houses in the Lichfield local authority area.
• The March 2020 sale price of £195,000 represented a fair market value for the property.
• The size, condition, and specification of 47 THE RIDGEWAY has not materially changed since March 2020.

How Large is 47 THE RIDGEWAY?

47 THE RIDGEWAY is 102m² according to the EPC inspection conducted in April 2015. This puts it in the smallest 50% of semi-detached houses houses in Burntwood, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Burntwood, and where 47 THE RIDGEWAY lies on this distribution: 43% of semi-detached houses houses are smaller than 47 THE RIDGEWAY, and 56% of houses are larger. Note that EPC data is not available for all properties in Burntwood.

47 THE RIDGEWAY: Plot and Title Map

47 THE RIDGEWAY sits on a plot of roughly 0.085 of an acre, or 343m². The below map shows the location of 47 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 47 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 47 THE RIDGEWAY?

47 THE RIDGEWAY is located in BURNTWOOD, in the WS7 postcode district. The below map shows the position of No. 47 on THE RIDGEWAY.