31A, RIDGEWAY CLOSE, FARNSFIELD, NEWARK, NG22 8DT - £147,000

31A RIDGEWAY CLOSE is a midsized detached house of 120m², built sometime between 1976 and 1982. It was last sold for £147,000 in March 2012, which was around 28% below the average March 2012 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was November 2021, where the current energy rating was C, and the potential energy rating was B.

31A RIDGEWAY CLOSE Sold Prices

Land registry data shows four sales for 31A RIDGEWAY CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Newark and Sherwood local authority area for the corresponding sale date. All of the four 31A RIDGEWAY CLOSE 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
2012 2 MAR	£147,000	£204,708	28% below HPI
2011 21 JAN	£147,500	£206,603	29% below HPI
2010 14 JUN	£115,000	£200,785	43% below HPI
2002 19 APR	£98,000	£109,056	10% below HPI

31A RIDGEWAY CLOSE 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 four 31A RIDGEWAY CLOSE sales between April 2002 and March 2012 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 January 2011 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the March 2012 sale, where it rises to 28% below the HPI. The line then continues to track at 28% below the HPI.

How Large is 31A RIDGEWAY CLOSE?

31A RIDGEWAY CLOSE is 120m² according to the EPC inspection conducted in November 2021. 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 31A RIDGEWAY CLOSE lies on this distribution: 44% of detached houses are smaller than 31A RIDGEWAY CLOSE, and 56% of houses are larger. Note that EPC data is not available for all properties in Farnsfield.

31A RIDGEWAY CLOSE: Plot and Title Map

31A RIDGEWAY CLOSE sits on a plot of roughly 0.060 of an acre, or 242m². The below map shows the location of 31A RIDGEWAY CLOSE, 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 31A RIDGEWAY CLOSE). 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 31A RIDGEWAY CLOSE?

31A RIDGEWAY CLOSE is located in FARNSFIELD, in the NG22 postcode district. The below map shows the position of No. 31A on RIDGEWAY CLOSE.