RIDGE HOUSE, BUNGAY ROAD, SCOLE, DISS, IP21 4DX - £475,000

RIDGE HOUSE is a very large extended detached house of 165m², built sometime before 1900. It was last sold for £475,000 in October 2020, which was around 32% above the average October 2020 detached price in the South Norfolk local authority area. The most recent EPC inspection was June 2020, where the current energy rating was F, and the potential energy rating was C.

RIDGE HOUSE Sold Prices

Land registry data shows three sales for RIDGE HOUSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the South Norfolk local authority area for the corresponding sale date. Two of the three RIDGE HOUSE sales were for above the average price, whilst one was 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 30 OCT	£475,000	£360,394	32% above HPI
2008 28 APR	£360,000	£247,154	46% above HPI
2004 14 MAY	£190,000	£200,162	5% below HPI

RIDGE HOUSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Norfolk local authority area over time, sourced from the HPI. The three RIDGE HOUSE sales between May 2004 and October 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 April 2008 sale was for 46% above the HPI. So the extrapolation line tracks at 46% above the HPI over time, until the October 2020 sale, where it falls to 32% above the HPI. The line then continues to track at 32% above the HPI.

How Large is RIDGE HOUSE?

RIDGE HOUSE is 165m², which includes two extensions, according to the EPC inspection conducted in June 2020. This puts it in the largest 10% of detached houses in Scole, based on EPC data. The below chart shows the distribution of detached houses by size in Scole, and where RIDGE HOUSE lies on this distribution: 90% of detached houses are smaller than RIDGE HOUSE, and 10% of houses are larger. Note that EPC data is not available for all properties in Scole.

RIDGE HOUSE: Plot and Title Map

RIDGE HOUSE sits on a plot of roughly 0.392 of an acre, or 1,587m². The below map shows the location of RIDGE HOUSE, 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 HOUSE). 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 HOUSE?

RIDGE HOUSE is located on BUNGAY ROAD in SCOLE, in the IP21 postcode district. The below map shows the position of RIDGE HOUSE on BUNGAY ROAD.