RIDGEWAYS, MAIN ROAD, UPPER BROUGHTON, MELTON MOWBRAY, LE14 3BG - £249,950

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

RIDGEWAYS is a small detached house of 153m², built sometime between 1950 and 1966, which could now be worth an estimated £440,920. It was last sold for £249,950 in July 2013, which was around 13% below the average July 2013 detached price in the Rushcliffe local authority area. The most recent EPC inspection was September 2008, where the current energy rating was F, and the potential energy rating was D.

RIDGEWAYS Sold Prices

Land registry data shows four sales for RIDGEWAYS since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Rushcliffe local authority area for the corresponding sale date. Most of the four RIDGEWAYS 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
2013 2 JUL	£249,950	£286,966	13% below HPI
2009 1 APR	£313,000	£240,706	30% above HPI
2001 19 SEP	£250,000	£157,470	59% above HPI
1999 8 JAN	£164,850	£107,740	53% above HPI

RIDGEWAYS Price Paid vs. HPI Average

The below graph shows the average detached house price in the Rushcliffe local authority area over time, sourced from the HPI. The four RIDGEWAYS sales between January 1999 and July 2013 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 2009 sale was for 30% above the HPI. So the extrapolation line tracks at 30% above the HPI over time, until the July 2013 sale, where it falls to 13% below the HPI. The line then continues to track at 13% below the HPI.

What might RIDGEWAYS be worth now?

RIDGEWAYS might now be worth an estimated £440,920.

This is based on house price inflation of 76.4%, between July 2013 and March 2025, for detached houses, in the Rushcliffe local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 76.4% inflationary increase is applied to the most recent sale price for RIDGEWAYS of £249,950 on 2nd July 2013. For the value to have increased from £249,950 to £440,920 over the twelve years and four months to March 2025, the following assumptions must hold true:

• The value of RIDGEWAYS has moved in line with the HPI for detached houses in the Rushcliffe local authority area.
• The July 2013 sale price of £249,950 represented a fair market value for the property.
• The size, condition, and specification of RIDGEWAYS has not materially changed since July 2013.

How Large is RIDGEWAYS?

RIDGEWAYS is 153m² according to the EPC inspection conducted in September 2008. This puts it in the smallest 30% of detached houses houses in Upper Broughton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Upper Broughton, and where RIDGEWAYS lies on this distribution: 23% of detached houses houses are smaller than RIDGEWAYS, and 78% of houses are larger. Note that EPC data is not available for all properties in Upper Broughton.

RIDGEWAYS: Plot and Title Map

RIDGEWAYS sits on a plot of roughly 0.282 of an acre, or 1,143m². The below map shows the location of RIDGEWAYS, 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 RIDGEWAYS). 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 RIDGEWAYS?

RIDGEWAYS is located on MAIN ROAD in UPPER BROUGHTON, in the LE14 postcode district. The below map shows the position of RIDGEWAYS on MAIN ROAD.