THE RIDGEWAY, PILGRIMS WAY EAST, OTFORD, SEVENOAKS, TN14 5RX - £980,000

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

THE RIDGEWAY is a very large extended detached house of 245m², built sometime between 1967 and 1975. It was last sold for £980,000 in August 2018, which was around 26% above the average August 2018 detached price in the Sevenoaks local authority area. The most recent EPC inspection was October 2016, where the current energy rating was C, and the potential energy rating was C.

THE RIDGEWAY Sold Prices

Land registry data shows two sales for THE RIDGEWAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Sevenoaks local authority area for the corresponding sale date. Both of the two THE 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
2018 3 AUG	£980,000	£780,402	26% above HPI
2014 29 AUG	£720,000	£602,872	19% above HPI

THE RIDGEWAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Sevenoaks local authority area over time, sourced from the HPI. The two THE RIDGEWAY sales from August 2014 and August 2018 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 2014 sale was for 19% above the HPI. So the extrapolation line tracks at 19% above the HPI over time, until the August 2018 sale, where it rises to 26% above the HPI. The line then continues to track at 26% above the HPI.

How Large is THE RIDGEWAY?

THE RIDGEWAY is 245m², which includes two extensions, according to the EPC inspection conducted in October 2016. This puts it in the largest 20% of detached houses in Otford, based on EPC data. The below chart shows the distribution of detached houses by size in Otford, and where THE RIDGEWAY lies on this distribution: 84% of detached houses are smaller than THE RIDGEWAY, and 16% of houses are larger. Note that EPC data is not available for all properties in Otford.

THE RIDGEWAY: Plot and Title Map

THE RIDGEWAY sits on a plot of roughly 0.391 of an acre, or 1,583m². The below map shows the location of THE 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 THE 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 THE RIDGEWAY?

THE RIDGEWAY is located on PILGRIMS WAY EAST in OTFORD, in the TN14 postcode district. The below map shows the position of THE RIDGEWAY on PILGRIMS WAY EAST.