FLAT 4, FAIRMEAD LODGE, 8, THE RIDGEWAY, ENFIELD, EN2 8FP - £295,000

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

FLAT 4 FAIRMEAD LODGE is a very small detached house of 69m², built sometime from 2007 onwards. It was last sold for £295,000 in May 2011, which was around 47% below the average May 2011 detached price in the Enfield local authority area. The most recent EPC inspection was May 2018, where the current energy rating was B, and the potential energy rating was B.

FLAT 4 FAIRMEAD LODGE Sold Prices

Land registry data shows two sales for FLAT 4 FAIRMEAD LODGE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Enfield local authority area for the corresponding sale date. Both of the two FLAT 4 FAIRMEAD LODGE 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
2011 3 MAY	£295,000	£559,692	47% below HPI
2009 27 MAR	£250,000	£485,032	48% below HPI

FLAT 4 FAIRMEAD LODGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Enfield local authority area over time, sourced from the HPI. The two FLAT 4 FAIRMEAD LODGE sales from March 2009 and May 2011 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 2009 sale was for 48% below the HPI. So the extrapolation line tracks at 48% below the HPI over time, until the May 2011 sale, where it rises to 47% below the HPI. The line then continues to track at 47% below the HPI.

How Large is FLAT 4 FAIRMEAD LODGE?

FLAT 4 FAIRMEAD LODGE is 69m² according to the EPC inspection conducted in May 2018. This puts it in the smallest 10% of detached houses in London, based on EPC data. The below chart shows the distribution of detached houses by size in London, and where FLAT 4 FAIRMEAD LODGE lies on this distribution: 4% of detached houses are smaller than FLAT 4 FAIRMEAD LODGE, and 96% of houses are larger. Note that EPC data is not available for all properties in London.

FLAT 4 FAIRMEAD LODGE: Plot and Title Map

FLAT 4 FAIRMEAD LODGE sits on a plot of roughly 0.503 of an acre, or 2,035m². The below map shows the location of FLAT 4 FAIRMEAD LODGE, 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 FLAT 4 FAIRMEAD LODGE). 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 FLAT 4 FAIRMEAD LODGE?

FLAT 4, FAIRMEAD LODGE is located on THE RIDGEWAY in ENFIELD, in the EN2 postcode district. The below map shows the position of FLAT 4, FAIRMEAD LODGE on THE RIDGEWAY.