7, THE RIDGEWAY, ASTWOOD BANK, REDDITCH, B96 6LS - £525,000

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

7 THE RIDGEWAY is a very large extended detached house of 222m², built sometime between 1930 and 1949. It was last sold for £525,000 in August 2020, which was around 31% above the average August 2020 detached price in the Wychavon local authority area. The most recent EPC inspection was August 2018, where the current energy rating was D, and the potential energy rating was B.

7 THE RIDGEWAY Sold Prices

Land registry data shows three sales for 7 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 Wychavon local authority area for the corresponding sale date. All of the three 7 THE RIDGEWAY sales were for above 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
2020 28 AUG	£525,000	£399,663	31% above HPI
2006 4 DEC	£525,000	£306,607	71% above HPI
1996 22 NOV	£206,000	£110,183	87% above HPI

7 THE RIDGEWAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Wychavon local authority area over time, sourced from the HPI. The three 7 THE RIDGEWAY sales between November 1996 and August 2020 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 2006 sale was for 71% above the HPI. So the extrapolation line tracks at 71% above the HPI over time, until the August 2020 sale, where it falls to 31% above the HPI. The line then continues to track at 31% above the HPI.

How Large is 7 THE RIDGEWAY?

7 THE RIDGEWAY is 222m², which includes two extensions, according to the EPC inspection conducted in August 2018. This puts it in the largest 10% of detached houses in Astwood Bank, based on EPC data. The below chart shows the distribution of detached houses by size in Astwood Bank, and where 7 THE RIDGEWAY lies on this distribution: 91% of detached houses are smaller than 7 THE RIDGEWAY, and 8% of houses are larger. Note that EPC data is not available for all properties in Astwood Bank.

7 THE RIDGEWAY: Plot and Title Map

7 THE RIDGEWAY sits on a plot of roughly 0.494 of an acre, or 2,000m². The below map shows the location of 7 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 7 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 7 THE RIDGEWAY?

7 THE RIDGEWAY is located in ASTWOOD BANK, in the B96 postcode district. The below map shows the position of No. 7 on THE RIDGEWAY.