THE RIDGES, MAIN STREET, FRANKTON, RUGBY, CV23 9NY - £340,000

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 RIDGES is a very small extended detached house of 57m², built sometime between 1930 and 1949, which could now be worth an estimated £400,396. It was last sold for £340,000 in July 2021, which was around 16% below the average July 2021 detached price in the Rugby local authority area. The most recent EPC inspection was December 2019, where the current energy rating was D, and the potential energy rating was B.

THE RIDGES Sold Prices

Land registry data shows two sales for THE RIDGES since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Rugby local authority area for the corresponding sale date. Both of the two THE RIDGES sales were for below 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 30 JUL	£340,000	£405,188	16% below HPI
2008 20 JUN	£190,000	£267,642	29% below HPI

THE RIDGES Price Paid vs. HPI Average

The below graph shows the average detached house price in the Rugby local authority area over time, sourced from the HPI. The two THE RIDGES sales from June 2008 and July 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 June 2008 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the July 2021 sale, where it rises to 16% below the HPI. The line then continues to track at 16% below the HPI.

What might THE RIDGES be worth now?

THE RIDGES might now be worth an estimated £400,396.

This is based on house price inflation of 17.8%, between July 2021 and February 2025, for detached houses, in the Rugby local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 17.8% inflationary increase is applied to the most recent sale price for THE RIDGES of £340,000 on 30th July 2021. For the value to have increased from £340,000 to £400,396 over the four years and five months to February 2025, the following assumptions must hold true:

• The value of THE RIDGES has moved in line with the HPI for detached houses in the Rugby local authority area.
• The July 2021 sale price of £340,000 represented a fair market value for the property.
• The size, condition, and specification of THE RIDGES has not materially changed since July 2021.

How Large is THE RIDGES?

THE RIDGES is 57m², which includes one extension, according to the EPC inspection conducted in December 2019. This puts it in the smallest 10% of detached houses houses in Frankton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Frankton, and where THE RIDGES lies on this distribution: Less than 1% of detached houses houses are smaller than THE RIDGES, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Frankton.

THE RIDGES: Plot and Title Map

THE RIDGES sits on a plot of roughly 0.153 of an acre, or 621m². The below map shows the location of THE RIDGES, 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 RIDGES). 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 RIDGES?

THE RIDGES is located on MAIN STREET in FRANKTON, in the CV23 postcode district. The below map shows the position of THE RIDGES on MAIN STREET.