NEW HORIZON, THE RIDGE, REDLYNCH, SALISBURY, SP5 2LN - £415,000

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

NEW HORIZON is a small extended detached house of 87m², built sometime between 1950 and 1966. It was last sold for £415,000 in May 2021, which was around 4% below the average May 2021 detached price in the Wiltshire local authority area. The most recent EPC inspection was September 2011, where the current energy rating was D, and the potential energy rating was C.

NEW HORIZON Sold Prices

Land registry data shows four sales for NEW HORIZON since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Wiltshire local authority area for the corresponding sale date. All of the four NEW HORIZON 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
2021 11 MAY	£415,000	£432,120	4% below HPI
2012 23 NOV	£305,000	£314,501	3% below HPI
2003 1 AUG	£145,000	£258,665	44% below HPI
2001 20 AUG	£144,000	£197,834	27% below HPI

NEW HORIZON Price Paid vs. HPI Average

The below graph shows the average detached house price in the Wiltshire local authority area over time, sourced from the HPI. The four NEW HORIZON sales between August 2001 and May 2021 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 November 2012 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the May 2021 sale, where it falls to 4% below the HPI. The line then continues to track at 4% below the HPI.

How Large is NEW HORIZON?

NEW HORIZON is 87m², which includes one extension, according to the EPC inspection conducted in September 2011. This puts it in the smallest 30% of detached houses in Woodfalls, based on EPC data. The below chart shows the distribution of detached houses by size in Woodfalls, and where NEW HORIZON lies on this distribution: 22% of detached houses are smaller than NEW HORIZON, and 78% of houses are larger. Note that EPC data is not available for all properties in Woodfalls.

NEW HORIZON: Plot and Title Map

NEW HORIZON sits on a plot of roughly 0.171 of an acre, or 690m². The below map shows the location of NEW HORIZON, 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 NEW HORIZON). 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 NEW HORIZON?

NEW HORIZON is located on THE RIDGE in REDLYNCH, in the SP5 postcode district. The below map shows the position of NEW HORIZON on THE RIDGE.