50, RIDGE WAY, PENWORTHAM, PRESTON, PR1 9XW - £221,500

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

50 RIDGE WAY is a small detached house of 85m². It was last sold for £221,500 in June 2017, which was around 10% below the average June 2017 detached price in the South Ribble local authority area. The most recent EPC inspection was October 2009, where the current energy rating was C, and the potential energy rating was C.

50 RIDGE WAY Sold Prices

Land registry data shows two sales for 50 RIDGE WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the South Ribble local authority area for the corresponding sale date. Both of the two 50 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
2017 16 JUN	£221,500	£245,514	10% below HPI
2010 3 JUN	£182,000	£223,336	19% below HPI

50 RIDGE WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Ribble local authority area over time, sourced from the HPI. The two 50 RIDGE WAY sales from June 2010 and June 2017 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 2010 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the June 2017 sale, where it rises to 10% below the HPI. The line then continues to track at 10% below the HPI.

How Large is 50 RIDGE WAY?

50 RIDGE WAY is 85m² according to the EPC inspection conducted in October 2009. This puts it in the smallest 30% of detached houses in Penwortham, based on EPC data. The below chart shows the distribution of detached houses by size in Penwortham, and where 50 RIDGE WAY lies on this distribution: 21% of detached houses are smaller than 50 RIDGE WAY, and 79% of houses are larger. Note that EPC data is not available for all properties in Penwortham.

50 RIDGE WAY: Plot and Title Map

50 RIDGE WAY sits on a plot of roughly 0.072 of an acre, or 290m². The below map shows the location of 50 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 50 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 50 RIDGE WAY?

50 RIDGE WAY is located in PENWORTHAM, in the PR1 postcode district. The below map shows the position of No. 50 on RIDGE WAY.