55, THE RIDGEWAY, FARNSFIELD, NEWARK, NG22 8DW - £221,500

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

55 THE RIDGEWAY is a midsized extended detached house of 124m², built sometime between 1967 and 1975, which could now be worth an estimated £299,521. It was last sold for £221,500 in November 2016, which was around 15% below the average November 2016 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was October 2014, where the current energy rating was E, and the potential energy rating was B.

55 THE RIDGEWAY Sold Prices

Land registry data shows two sales for 55 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 Newark and Sherwood local authority area for the corresponding sale date. Both of the two 55 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
2016 14 NOV	£221,500	£260,304	15% below HPI
1995 7 APR	£54,000	£73,903	27% below HPI

55 THE RIDGEWAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Newark and Sherwood local authority area over time, sourced from the HPI. The two 55 THE RIDGEWAY sales from April 1995 and November 2016 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 April 1995 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the November 2016 sale, where it rises to 15% below the HPI. The line then continues to track at 15% below the HPI.

What might 55 THE RIDGEWAY be worth now?

55 THE RIDGEWAY might now be worth an estimated £299,521.

This is based on house price inflation of 35.2%, between November 2016 and February 2025, for detached houses, in the Newark and Sherwood local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 35.2% inflationary increase is applied to the most recent sale price for 55 THE RIDGEWAY of £221,500 on 14th November 2016. For the value to have increased from £221,500 to £299,521 over the nine years and nine months to February 2025, the following assumptions must hold true:

• The value of 55 THE RIDGEWAY has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The November 2016 sale price of £221,500 represented a fair market value for the property.
• The size, condition, and specification of 55 THE RIDGEWAY has not materially changed since November 2016.

How Large is 55 THE RIDGEWAY?

55 THE RIDGEWAY is 124m², which includes one extension, according to the EPC inspection conducted in October 2014. This puts it in the smallest 50% of detached houses houses in Farnsfield, based on EPC data. The below chart shows the distribution of detached houses houses by size in Farnsfield, and where 55 THE RIDGEWAY lies on this distribution: 47% of detached houses houses are smaller than 55 THE RIDGEWAY, and 53% of houses are larger. Note that EPC data is not available for all properties in Farnsfield.

55 THE RIDGEWAY: Plot and Title Map

55 THE RIDGEWAY sits on a plot of roughly 0.063 of an acre, or 253m². The below map shows the location of 55 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 55 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 55 THE RIDGEWAY?

55 THE RIDGEWAY is located in FARNSFIELD, in the NG22 postcode district. The below map shows the position of No. 55 on THE RIDGEWAY.