3, RIDGEWAY DRIVE, DUNSTABLE, LU5 4QT - £261,000

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.

3 RIDGEWAY DRIVE is a very small extended terraced house of 82m², built sometime between 1900 and 1929, which could now be worth an estimated £308,524. It was last sold for £261,000 in May 2021, which was around 3% above the average May 2021 terraced price in the Central Bedfordshire local authority area. The most recent EPC inspection was November 2020, where the current energy rating was C, and the potential energy rating was B.

3 RIDGEWAY DRIVE Sold Prices

Land registry data shows three sales for 3 RIDGEWAY DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Central Bedfordshire local authority area for the corresponding sale date. One of the three 3 RIDGEWAY DRIVE sales was for above the average price, whilst two 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 20 MAY	£261,000	£253,641	3% above HPI
2007 17 OCT	£163,500	£174,382	6% below HPI
2004 12 MAR	£125,500	£132,142	5% below HPI

3 RIDGEWAY DRIVE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Central Bedfordshire local authority area over time, sourced from the HPI. The three 3 RIDGEWAY DRIVE sales between March 2004 and May 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 October 2007 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the May 2021 sale, where it rises to 3% above the HPI. The line then continues to track at 3% above the HPI.

What might 3 RIDGEWAY DRIVE be worth now?

3 RIDGEWAY DRIVE might now be worth an estimated £308,524.

This is based on house price inflation of 18.2%, between May 2021 and July 2026, for terraced houses, in the Central Bedfordshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 18.2% inflationary increase is applied to the most recent sale price for 3 RIDGEWAY DRIVE of £261,000 on 20th May 2021. For the value to have increased from £261,000 to £308,524 over the four years and ten months to July 2026, the following assumptions must hold true:

• The value of 3 RIDGEWAY DRIVE has moved in line with the HPI for terraced houses in the Central Bedfordshire local authority area.
• The May 2021 sale price of £261,000 represented a fair market value for the property.
• The size, condition, and specification of 3 RIDGEWAY DRIVE has not materially changed since May 2021.

How Large is 3 RIDGEWAY DRIVE?

3 RIDGEWAY DRIVE is 82m², which includes one extension, according to the EPC inspection conducted in November 2020. This puts it in the smallest 20% of terraced houses houses in Luton, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Luton, and where 3 RIDGEWAY DRIVE lies on this distribution: 16% of terraced houses houses are smaller than 3 RIDGEWAY DRIVE, and 83% of houses are larger. Note that EPC data is not available for all properties in Luton.

3 RIDGEWAY DRIVE: Plot and Title Map

3 RIDGEWAY DRIVE sits on a plot of roughly 0.040 of an acre, or 162m². The below map shows the location of 3 RIDGEWAY DRIVE, 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 RIDGEWAY DRIVE). 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 RIDGEWAY DRIVE?

3 RIDGEWAY DRIVE is located in DUNSTABLE, in the LU5 postcode district. The below map shows the position of No. 3 on RIDGEWAY DRIVE.