47, THE RIDGEWAY, WATFORD, WD17 4TJ - £920,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

47 THE RIDGEWAY is a midsized extended detached house of 135m², built sometime between 1930 and 1949. It was last sold for £920,000 in April 2022, which was about the average April 2022 detached price in the Watford local authority area. The most recent EPC inspection was January 2024, where the current energy rating was E, and the potential energy rating was C.

47 THE RIDGEWAY Sold Prices

Land registry data shows two sales for 47 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 Watford local authority area for the corresponding sale date. One of the two 47 THE RIDGEWAY sales was roughly equal to 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
2022 6 APR	£920,000	£921,494	Close to HPI
1998 30 JUN	£240,000	£194,331	24% above HPI

47 THE RIDGEWAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Watford local authority area over time, sourced from the HPI. The two 47 THE RIDGEWAY sales from June 1998 and April 2022 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 June 1998 sale was for 24% above the HPI. So the extrapolation line tracks at 24% above the HPI over time, until the April 2022 sale, where it falls to roughly the same level as the HPI. The line then continues to track in line with the HPI.

What might 47 THE RIDGEWAY be worth now?

47 THE RIDGEWAY might now be worth an estimated £885,704.

This is based on house price deflation of 3.7%, between April 2022 and December 2024, for detached houses, in the Watford local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 3.7% deflationary decrease is applied to the most recent sale price for 47 THE RIDGEWAY of £920,000 on 6th April 2022. For the value to have decreased from £920,000 to £885,704 over the one year and four months to December 2024, the following assumptions must hold true:

• The value of 47 THE RIDGEWAY has moved in line with the HPI for detached houses in the Watford local authority area.
• The April 2022 sale price of £920,000 represented a fair market value for the property.
• The size, condition, and specification of 47 THE RIDGEWAY has not materially changed since April 2022.

How Large is 47 THE RIDGEWAY?

47 THE RIDGEWAY is 135m², which includes three extensions, according to the EPC inspection conducted in January 2024. This puts it in the smallest 50% of detached houses houses in Watford, based on EPC data. The below chart shows the distribution of detached houses houses by size in Watford, and where 47 THE RIDGEWAY lies on this distribution: 49% of detached houses houses are smaller than 47 THE RIDGEWAY, and 50% of houses are larger. Note that EPC data is not available for all properties in Watford.

47 THE RIDGEWAY: Plot and Title Map

47 THE RIDGEWAY sits on a plot of roughly 0.131 of an acre, or 530m². 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 WATFORD, in the WD17 postcode district. The below map shows the position of No. 47 on THE RIDGEWAY.