5, RIDGE WAY, SHAFTESBURY, SP7 9HB - £405,000

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 RIDGE WAY is a small detached house of 101m², built sometime between 2003 and 2006. It was last sold for £405,000 in June 2023, which was around 21% below the average June 2023 detached price in the Dorset local authority area. The most recent EPC inspection was September 2022, where the current energy rating was C, and the potential energy rating was B.

5 RIDGE WAY Sold Prices

Land registry data shows three sales for 5 RIDGE WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Dorset local authority area for the corresponding sale date. All of the three 5 RIDGE 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 16 JUN	£405,000	£513,087	21% below HPI
2010 15 JUL	£282,500	£322,779	12% below HPI
2005 27 MAY	£225,000	£285,005	21% below HPI

5 RIDGE WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Dorset local authority area over time, sourced from the HPI. The three 5 RIDGE WAY sales between May 2005 and June 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 July 2010 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the June 2023 sale, where it falls to 21% below the HPI. The line then continues to track at 21% below the HPI.

How Large is 5 RIDGE WAY?

5 RIDGE WAY is 101m² according to the EPC inspection conducted in September 2022. This puts it in the smallest 40% of detached houses in Shaftesbury, based on EPC data. The below chart shows the distribution of detached houses by size in Shaftesbury, and where 5 RIDGE WAY lies on this distribution: 34% of detached houses are smaller than 5 RIDGE WAY, and 65% of houses are larger. Note that EPC data is not available for all properties in Shaftesbury.

5 RIDGE WAY: Plot and Title Map

5 RIDGE WAY sits on a plot of roughly 0.103 of an acre, or 417m². The below map shows the location of 5 RIDGE 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 RIDGE 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 RIDGE WAY?

5 RIDGE WAY is located in SHAFTESBURY, in the SP7 postcode district. The below map shows the position of No. 5 on RIDGE WAY.