THE OLD SCHOOL, CRICH LANE, RIDGEWAY, BELPER, DE56 2JL - £562,500

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.

THE OLD SCHOOL is a very large detached house of 283m², built sometime between 1900 and 1929, which could now be worth an estimated £837,628. It was last sold for £562,500 in July 2017, which was around 146% above the average July 2017 detached price in the Amber Valley local authority area. The most recent EPC inspection was April 2017, where the current energy rating was D, and the potential energy rating was C.

THE OLD SCHOOL Sold Prices

Land registry data shows three sales for THE OLD SCHOOL since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Amber Valley local authority area for the corresponding sale date. All of the three THE OLD SCHOOL 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
2017 31 JUL	£562,500	£228,244	146% above HPI
2007 3 DEC	£550,000	£206,783	166% above HPI
2001 7 DEC	£375,000	£96,960	287% above HPI

THE OLD SCHOOL Price Paid vs. HPI Average

The below graph shows the average detached house price in the Amber Valley local authority area over time, sourced from the HPI. The three THE OLD SCHOOL sales between December 2001 and July 2017 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 December 2007 sale was for 166% above the HPI. So the extrapolation line tracks at 166% above the HPI over time, until the July 2017 sale, where it falls to 146% above the HPI. The line then continues to track at 146% above the HPI.

What might THE OLD SCHOOL be worth now?

THE OLD SCHOOL might now be worth an estimated £837,628.

This is based on house price inflation of 48.9%, between July 2017 and February 2025, for detached houses, in the Amber Valley local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 48.9% inflationary increase is applied to the most recent sale price for THE OLD SCHOOL of £562,500 on 31st July 2017. For the value to have increased from £562,500 to £837,628 over the eight years and five months to February 2025, the following assumptions must hold true:

• The value of THE OLD SCHOOL has moved in line with the HPI for detached houses in the Amber Valley local authority area.
• The July 2017 sale price of £562,500 represented a fair market value for the property.
• The size, condition, and specification of THE OLD SCHOOL has not materially changed since July 2017.

How Large is THE OLD SCHOOL?

THE OLD SCHOOL is 283m² according to the EPC inspection conducted in April 2017. This puts it in the largest 10% of detached houses houses in Ridgeway, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ridgeway, and where THE OLD SCHOOL lies on this distribution: More than 99% of detached houses houses are smaller than THE OLD SCHOOL, and less than 1% of houses are larger. Note that EPC data is not available for all properties in Ridgeway.

THE OLD SCHOOL: Plot and Title Map

THE OLD SCHOOL sits on a plot of roughly 0.283 of an acre, or 1,147m². The below map shows the location of THE OLD SCHOOL, 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 THE OLD SCHOOL). 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 THE OLD SCHOOL?

THE OLD SCHOOL is located on CRICH LANE in RIDGEWAY, in the DE56 postcode district. The below map shows the position of THE OLD SCHOOL on CRICH LANE.