3, RIDGEVILLE, CARLTON COLVILLE, LOWESTOFT, NR33 8UA - £131,500

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.

3 RIDGEVILLE is a very small terraced house of 60m², built sometime between 1983 and 1990, which could now be worth an estimated £187,675. It was last sold for £131,500 in May 2016, which was around 12% below the average May 2016 terraced price in the East Suffolk local authority area. The most recent EPC inspection was February 2010, where the current energy rating was C, and the potential energy rating was B.

3 RIDGEVILLE Sold Prices

Land registry data shows six sales for 3 RIDGEVILLE since 1^st January 1995. The below table shows the price paid for the six sales, along with the average terraced price in the East Suffolk local authority area for the corresponding sale date. Most of the six 3 RIDGEVILLE 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
2016 16 MAY	£131,500	£149,059	12% below HPI
2014 27 JUN	£122,995	£134,051	8% below HPI
2010 13 AUG	£114,000	£127,745	11% below HPI
2007 30 JUL	£119,000	£130,330	9% below HPI
2004 16 APR	£95,000	£99,276	4% below HPI
1998 23 JUN	£39,995	£39,304	2% above HPI

3 RIDGEVILLE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the East Suffolk local authority area over time, sourced from the HPI. The six 3 RIDGEVILLE sales between June 1998 and May 2016 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 2014 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the May 2016 sale, where it falls to 12% below the HPI. The line then continues to track at 12% below the HPI.

What might 3 RIDGEVILLE be worth now?

3 RIDGEVILLE might now be worth an estimated £187,675.

This is based on house price inflation of 42.7%, between May 2016 and July 2025, for terraced houses, in the East Suffolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 42.7% inflationary increase is applied to the most recent sale price for 3 RIDGEVILLE of £131,500 on 16th May 2016. For the value to have increased from £131,500 to £187,675 over the eight years and ten months to July 2025, the following assumptions must hold true:

• The value of 3 RIDGEVILLE has moved in line with the HPI for terraced houses in the East Suffolk local authority area.
• The May 2016 sale price of £131,500 represented a fair market value for the property.
• The size, condition, and specification of 3 RIDGEVILLE has not materially changed since May 2016.

How Large is 3 RIDGEVILLE?

3 RIDGEVILLE is 60m² according to the EPC inspection conducted in February 2010. This puts it in the smallest 10% of terraced houses houses in Lowestoft, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Lowestoft, and where 3 RIDGEVILLE lies on this distribution: 6% of terraced houses houses are smaller than 3 RIDGEVILLE, and 94% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

3 RIDGEVILLE: Plot and Title Map

3 RIDGEVILLE sits on a plot of roughly 0.032 of an acre, or 131m². The below map shows the location of 3 RIDGEVILLE, 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 RIDGEVILLE). 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 RIDGEVILLE?

3 RIDGEVILLE is located in CARLTON COLVILLE, in the NR33 postcode district. The below map shows the position of No. 3 on RIDGEVILLE.