RIDGEWAY, CLEE HILL ROAD, TENBURY WELLS, WR15 8HJ - £645,000

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

RIDGEWAY is a very large extended detached house of 226m², built sometime between 1967 and 1975. It was last sold for £645,000 in February 2021, which was around 91% above the average February 2021 detached price in the Shropshire local authority area. The most recent EPC inspection was January 2020, where the current energy rating was E, and the potential energy rating was C.

RIDGEWAY Sold Prices

Land registry data shows five sales for RIDGEWAY since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Shropshire local authority area for the corresponding sale date. All of the five RIDGEWAY 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
2021 9 FEB	£645,000	£337,441	91% above HPI
2007 3 APR	£500,000	£259,819	92% above HPI
2003 5 SEP	£330,000	£200,319	65% above HPI
1998 14 AUG	£160,000	£99,152	61% above HPI
1997 28 OCT	£150,000	£94,569	59% above HPI

RIDGEWAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Shropshire local authority area over time, sourced from the HPI. The five RIDGEWAY sales between October 1997 and February 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 April 2007 sale was for 92% above the HPI. So the extrapolation line tracks at 92% above the HPI over time, until the February 2021 sale, where it falls to 91% above the HPI. The line then continues to track at 91% above the HPI.

How Large is RIDGEWAY?

RIDGEWAY is 226m², which includes one extension, according to the EPC inspection conducted in January 2020. This puts it in the largest 10% of detached houses in Tenbury Wells, based on EPC data. The below chart shows the distribution of detached houses by size in Tenbury Wells, and where RIDGEWAY lies on this distribution: 96% of detached houses are smaller than RIDGEWAY, and 4% of houses are larger. Note that EPC data is not available for all properties in Tenbury Wells.

RIDGEWAY: Plot and Title Map

RIDGEWAY sits on a plot of roughly 0.976 of an acre, or 3,948m². The below map shows the location of RIDGEWAY, 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 RIDGEWAY). 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 RIDGEWAY?

RIDGEWAY is located on CLEE HILL ROAD in TENBURY WELLS, in the WR15 postcode district. The below map shows the position of RIDGEWAY on CLEE HILL ROAD.