5, FERRERS WAY, RIPLEY, DE5 3GZ - £280,000

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

5 FERRERS WAY is a midsized extended detached house of 94m², built sometime between 1976 and 1982. It was last sold for £280,000 in December 2023, which was around 15% below the average December 2023 detached price in the Amber Valley local authority area. The most recent EPC inspection was July 2023, where the current energy rating was C, and the potential energy rating was B.

5 FERRERS WAY Sold Prices

Land registry data shows four sales for 5 FERRERS WAY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Amber Valley local authority area for the corresponding sale date. All of the four 5 FERRERS 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
2023 15 DEC	£280,000	£328,262	15% below HPI
2012 20 DEC	£177,000	£191,912	8% below HPI
2009 1 MAY	£120,000	£169,398	29% below HPI
1998 24 JUL	£66,000	£68,882	4% below HPI

5 FERRERS WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Amber Valley local authority area over time, sourced from the HPI. The four 5 FERRERS WAY sales between July 1998 and December 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 December 2012 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the December 2023 sale, where it falls to 15% below the HPI. The line then continues to track at 15% below the HPI.

How Large is 5 FERRERS WAY?

5 FERRERS WAY is 94m², which includes two extensions, according to the EPC inspection conducted in July 2023. This puts it in the smallest 50% of detached houses in Ripley, based on EPC data. The below chart shows the distribution of detached houses by size in Ripley, and where 5 FERRERS WAY lies on this distribution: 44% of detached houses are smaller than 5 FERRERS WAY, and 55% of houses are larger. Note that EPC data is not available for all properties in Ripley.

5 FERRERS WAY: Plot and Title Map

5 FERRERS WAY sits on a plot of roughly 0.099 of an acre, or 402m². The below map shows the location of 5 FERRERS 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 5 FERRERS 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 5 FERRERS WAY?

5 FERRERS WAY is located in RIPLEY, in the DE5 postcode district. The below map shows the position of No. 5 on FERRERS WAY.