RIDGE COTTAGE, MILL LANE, WORTHING, BN13 3DE - £585,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

RIDGE COTTAGE is a very small extended detached house of 72m², built sometime between 1900 and 1929. It was last sold for £585,000 in November 2017, which was around 21% above the average November 2017 detached price in the Worthing local authority area. The most recent EPC inspection was August 2011, where the current energy rating was D, and the potential energy rating was D.

RIDGE COTTAGE Sold Prices

Land registry data shows three sales for RIDGE COTTAGE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Worthing local authority area for the corresponding sale date. All of the three RIDGE COTTAGE 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
2017 10 NOV	£585,000	£483,874	21% above HPI
2012 28 JUN	£460,000	£340,408	35% above HPI
2010 13 AUG	£410,000	£331,210	24% above HPI

RIDGE COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Worthing local authority area over time, sourced from the HPI. The three RIDGE COTTAGE sales between August 2010 and November 2017 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 June 2012 sale was for 35% above the HPI. So the extrapolation line tracks at 35% above the HPI over time, until the November 2017 sale, where it falls to 21% above the HPI. The line then continues to track at 21% above the HPI.

How Large is RIDGE COTTAGE?

RIDGE COTTAGE is 72m², which includes one extension, according to the EPC inspection conducted in August 2011. This puts it in the smallest 10% of detached houses in Worthing, based on EPC data. The below chart shows the distribution of detached houses by size in Worthing, and where RIDGE COTTAGE lies on this distribution: 8% of detached houses are smaller than RIDGE COTTAGE, and 92% of houses are larger. Note that EPC data is not available for all properties in Worthing.

RIDGE COTTAGE: Plot and Title Map

RIDGE COTTAGE sits on a plot of roughly 0.492 of an acre, or 1,992m². The below map shows the location of RIDGE COTTAGE, 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 RIDGE COTTAGE). 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 RIDGE COTTAGE?

RIDGE COTTAGE is located on MILL LANE in WORTHING, in the BN13 postcode district. The below map shows the position of RIDGE COTTAGE on MILL LANE.