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

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

RIDGEWAY is a large extended detached house of 136m², built sometime between 1967 and 1975. It was last sold for £577,000 in September 2022, which was around 21% 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	£475,760	21% above HPI
2019 6 AUG	£425,000	£370,431	15% above HPI
2010 27 SEP	£372,500	£296,209	26% above HPI
2005 4 NOV	£317,000	£270,474	17% above HPI
2001 1 MAR	£130,000	£141,017	8% 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 15% above the HPI. So the extrapolation line tracks at 15% above the HPI over time, until the September 2022 sale, where it rises to 21% above the HPI. The line then continues to track at 21% above the HPI.

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 in Dawlish, based on EPC data. The below chart shows the distribution of detached houses by size in Dawlish, and where RIDGEWAY lies on this distribution: 77% of detached 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.