8, RIDGEWOOD CLOSE, HINDLEY GREEN, WIGAN, WN2 4GE - £179,995

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.

8 RIDGEWOOD CLOSE is a very small detached house of 67m², built sometime between 2003 and 2006, which could now be worth an estimated £236,244. It was last sold for £179,995 in December 2020, which was around 24% below the average December 2020 detached price in the Wigan local authority area. The most recent EPC inspection was October 2016, where the current energy rating was D, and the potential energy rating was B.

8 RIDGEWOOD CLOSE Sold Prices

Land registry data shows four sales for 8 RIDGEWOOD CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Wigan local authority area for the corresponding sale date. All of the four 8 RIDGEWOOD CLOSE 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
2020 1 DEC	£179,995	£237,236	24% below HPI
2017 3 MAR	£141,000	£200,314	30% below HPI
2007 16 NOV	£147,000	£200,258	27% below HPI
2003 22 AUG	£109,700	£128,386	15% below HPI

8 RIDGEWOOD CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Wigan local authority area over time, sourced from the HPI. The four 8 RIDGEWOOD CLOSE sales between August 2003 and December 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 March 2017 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the December 2020 sale, where it rises to 24% below the HPI. The line then continues to track at 24% below the HPI.

What might 8 RIDGEWOOD CLOSE be worth now?

8 RIDGEWOOD CLOSE might now be worth an estimated £236,244.

This is based on house price inflation of 31.3%, between December 2020 and February 2025, for detached houses, in the Wigan local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 31.3% inflationary increase is applied to the most recent sale price for 8 RIDGEWOOD CLOSE of £179,995 on 1st December 2020. For the value to have increased from £179,995 to £236,244 over the five years and ten months to February 2025, the following assumptions must hold true:

• The value of 8 RIDGEWOOD CLOSE has moved in line with the HPI for detached houses in the Wigan local authority area.
• The December 2020 sale price of £179,995 represented a fair market value for the property.
• The size, condition, and specification of 8 RIDGEWOOD CLOSE has not materially changed since December 2020.

How Large is 8 RIDGEWOOD CLOSE?

8 RIDGEWOOD CLOSE is 67m² according to the EPC inspection conducted in October 2016. This puts it in the smallest 10% of detached houses houses in Hindley, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hindley, and where 8 RIDGEWOOD CLOSE lies on this distribution: 4% of detached houses houses are smaller than 8 RIDGEWOOD CLOSE, and 96% of houses are larger. Note that EPC data is not available for all properties in Hindley.

8 RIDGEWOOD CLOSE: Plot and Title Map

8 RIDGEWOOD CLOSE sits on a plot of roughly 1.2 acres, or 4,823m². The below map shows the location of 8 RIDGEWOOD CLOSE, 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 8 RIDGEWOOD CLOSE). 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 8 RIDGEWOOD CLOSE?

8 RIDGEWOOD CLOSE is located in HINDLEY GREEN, in the WN2 postcode district. The below map shows the position of No. 8 on RIDGEWOOD CLOSE.