16, THE RIDGEWAY, FARNSFIELD, NEWARK, NG22 8DG - £248,000

16 THE RIDGEWAY is a midsized extended detached house of 119m², built sometime between 1950 and 1966. It was last sold for £248,000 in September 2013, which was around 21% above the average September 2013 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was July 2013, where the current energy rating was D, and the potential energy rating was C.

16 THE RIDGEWAY Sold Prices

Land registry data shows two sales for 16 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 Newark and Sherwood local authority area for the corresponding sale date. Both of the two 16 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
2013 9 SEP	£248,000	£204,901	21% above HPI
2004 10 NOV	£230,000	£200,478	15% above HPI

16 THE RIDGEWAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Newark and Sherwood local authority area over time, sourced from the HPI. The two 16 THE RIDGEWAY sales from November 2004 and September 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 November 2004 sale was for 15% above the HPI. So the extrapolation line tracks at 15% above the HPI over time, until the September 2013 sale, where it rises to 21% above the HPI. The line then continues to track at 21% above the HPI.

How Large is 16 THE RIDGEWAY?

16 THE RIDGEWAY is 119m², which includes one extension, according to the EPC inspection conducted in July 2013. This puts it in the smallest 50% of detached houses in Farnsfield, based on EPC data. The below chart shows the distribution of detached houses by size in Farnsfield, and where 16 THE RIDGEWAY lies on this distribution: 42% of detached houses are smaller than 16 THE RIDGEWAY, and 57% of houses are larger. Note that EPC data is not available for all properties in Farnsfield.

16 THE RIDGEWAY: Plot and Title Map

16 THE RIDGEWAY sits on a plot of roughly 0.110 of an acre, or 447m². The below map shows the location of 16 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 16 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 16 THE RIDGEWAY?

16 THE RIDGEWAY is located in FARNSFIELD, in the NG22 postcode district. The below map shows the position of No. 16 on THE RIDGEWAY.