48, THE RIDGEWAY, BURNTWOOD, WS7 4SP - £317,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

48 THE RIDGEWAY is a large detached house of 121m², built sometime between 1967 and 1975. It was last sold for £317,000 in August 2023, which was around 33% below the average August 2023 detached price in the Lichfield local authority area. The most recent EPC inspection was August 2014, where the current energy rating was D, and the potential energy rating was C.

48 THE RIDGEWAY Sold Prices

Land registry data shows three sales for 48 THE RIDGEWAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Lichfield local authority area for the corresponding sale date. All of the three 48 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
2023 4 AUG	£317,000	£470,366	33% below HPI
2016 3 OCT	£233,500	£348,120	33% below HPI
2015 9 MAR	£217,000	£310,325	30% below HPI

48 THE RIDGEWAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Lichfield local authority area over time, sourced from the HPI. The three 48 THE RIDGEWAY sales between March 2015 and August 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 October 2016 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the August 2023 sale, which was also at 33% below the HPI.

How Large is 48 THE RIDGEWAY?

48 THE RIDGEWAY is 121m² according to the EPC inspection conducted in August 2014. This puts it in the largest 40% of detached houses in Burntwood, based on EPC data. The below chart shows the distribution of detached houses by size in Burntwood, and where 48 THE RIDGEWAY lies on this distribution: 67% of detached houses are smaller than 48 THE RIDGEWAY, and 32% of houses are larger. Note that EPC data is not available for all properties in Burntwood.

48 THE RIDGEWAY: Plot and Title Map

48 THE RIDGEWAY sits on a plot of roughly 0.095 of an acre, or 386m². The below map shows the location of 48 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 48 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 48 THE RIDGEWAY?

48 THE RIDGEWAY is located in BURNTWOOD, in the WS7 postcode district. The below map shows the position of No. 48 on THE RIDGEWAY.