3, RIDGE LANE, WATFORD, WD17 4TQ - £540,000

3 RIDGE LANE is a small extended detached house of 112m², built sometime between 1991 and 1995. It was last sold for £540,000 in December 2013, which was about the average December 2013 detached price in the Watford 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.

3 RIDGE LANE Sold Prices

Land registry data shows three sales for 3 RIDGE LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Watford local authority area for the corresponding sale date. The three 3 RIDGE LANE sales were a mix of roughly equal to the average price, above the average price, and 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
2013 11 DEC	£540,000	£539,959	Close to HPI
2002 14 JUN	£315,000	£319,639	1% below HPI
1999 19 MAY	£230,000	£205,256	12% above HPI

3 RIDGE LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Watford local authority area over time, sourced from the HPI. The three 3 RIDGE LANE sales between May 1999 and December 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 June 2002 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the December 2013 sale, where it rises to roughly the same level as the HPI. The line then continues to track in line with the HPI.

How Large is 3 RIDGE LANE?

3 RIDGE LANE is 112m², which includes one extension, according to the EPC inspection conducted in July 2013. This puts it in the smallest 30% of detached houses in Watford, based on EPC data. The below chart shows the distribution of detached houses by size in Watford, and where 3 RIDGE LANE lies on this distribution: 29% of detached houses are smaller than 3 RIDGE LANE, and 70% of houses are larger. Note that EPC data is not available for all properties in Watford.

3 RIDGE LANE: Plot and Title Map

3 RIDGE LANE sits on a plot of roughly 0.077 of an acre, or 310m². The below map shows the location of 3 RIDGE LANE, 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 3 RIDGE LANE). 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 3 RIDGE LANE?

3 RIDGE LANE is located in WATFORD, in the WD17 postcode district. The below map shows the position of No. 3 on RIDGE LANE.