RIDGEWAY, MELDRUM CLOSE, DAWLISH, EX7 9JL - £577,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

RIDGEWAY is a large extended detached house of 136m², built sometime between 1967 and 1975, which could now be worth an estimated £554,511. It was last sold for £577,000 in September 2022, which was around 19% above the average September 2022 detached price in the Teignbridge local authority area. The most recent EPC inspection was February 2019, where the current energy rating was D, 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 Teignbridge local authority area for the corresponding sale date. Most 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
2022 22 SEP	£577,000	£486,422	19% above HPI
2019 6 AUG	£425,000	£378,733	12% above HPI
2010 27 SEP	£372,500	£302,848	23% above HPI
2005 4 NOV	£317,000	£276,536	15% above HPI
2001 1 MAR	£130,000	£144,178	10% below HPI

RIDGEWAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Teignbridge local authority area over time, sourced from the HPI. The five RIDGEWAY sales between March 2001 and September 2022 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 August 2019 sale was for 12% above the HPI. So the extrapolation line tracks at 12% above the HPI over time, until the September 2022 sale, where it rises to 19% above the HPI. The line then continues to track at 19% above the HPI.

What might RIDGEWAY be worth now?

RIDGEWAY might now be worth an estimated £554,511.

This is based on house price deflation of 3.9%, between September 2022 and February 2025, for detached houses, in the Teignbridge local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 3.9% deflationary decrease is applied to the most recent sale price for RIDGEWAY of £577,000 on 22nd September 2022. For the value to have decreased from £577,000 to £554,511 over the three years and seven months to February 2025, the following assumptions must hold true:

• The value of RIDGEWAY has moved in line with the HPI for detached houses in the Teignbridge local authority area.
• The September 2022 sale price of £577,000 represented a fair market value for the property.
• The size, condition, and specification of RIDGEWAY has not materially changed since September 2022.

How Large is RIDGEWAY?

RIDGEWAY is 136m², which includes one extension, according to the EPC inspection conducted in February 2019. This puts it in the largest 30% of detached houses houses in Dawlish, based on EPC data. The below chart shows the distribution of detached houses houses by size in Dawlish, and where RIDGEWAY lies on this distribution: 77% of detached houses houses are smaller than RIDGEWAY, and 23% of houses are larger. Note that EPC data is not available for all properties in Dawlish.

RIDGEWAY: Plot and Title Map

RIDGEWAY sits on a plot of roughly 0.151 of an acre, or 611m². 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 MELDRUM CLOSE in DAWLISH, in the EX7 postcode district. The below map shows the position of RIDGEWAY on MELDRUM CLOSE.