4, RIDGEWAY CLOSE, FARNSFIELD, NEWARK, NG22 8DT - £375,000

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.

4 RIDGEWAY CLOSE is a very small extended detached house of 90m², built sometime between 1967 and 1975, which could now be worth an estimated £441,972. It was last sold for £375,000 in April 2021, which was around 26% above the average April 2021 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was November 2012, where the current energy rating was D, and the potential energy rating was B.

4 RIDGEWAY CLOSE Sold Prices

Land registry data shows four sales for 4 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. two of the four 4 RIDGEWAY CLOSE sales were for above the average price, and four 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 12 APR	£375,000	£297,335	26% above HPI
2019 22 FEB	£312,000	£276,164	13% above HPI
2013 26 APR	£185,000	£211,283	12% below HPI
2003 19 SEP	£148,000	£175,562	16% below HPI

4 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 4 RIDGEWAY CLOSE sales between September 2003 and April 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 February 2019 sale was for 13% above the HPI. So the extrapolation line tracks at 13% above the HPI over time, until the April 2021 sale, where it rises to 26% above the HPI. The line then continues to track at 26% above the HPI.

What might 4 RIDGEWAY CLOSE be worth now?

4 RIDGEWAY CLOSE might now be worth an estimated £441,972.

This is based on house price inflation of 17.9%, between April 2021 and June 2025, for detached houses, in the Newark and Sherwood local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 17.9% inflationary increase is applied to the most recent sale price for 4 RIDGEWAY CLOSE of £375,000 on 12th April 2021. For the value to have increased from £375,000 to £441,972 over the three years and ten months to June 2025, the following assumptions must hold true:

• The value of 4 RIDGEWAY CLOSE has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The April 2021 sale price of £375,000 represented a fair market value for the property.
• The size, condition, and specification of 4 RIDGEWAY CLOSE has not materially changed since April 2021.

How Large is 4 RIDGEWAY CLOSE?

4 RIDGEWAY CLOSE is 90m², which includes one extension, according to the EPC inspection conducted in November 2012. This puts it in the smallest 20% of detached houses houses in Farnsfield, based on EPC data. The below chart shows the distribution of detached houses houses by size in Farnsfield, and where 4 RIDGEWAY CLOSE lies on this distribution: 17% of detached houses houses are smaller than 4 RIDGEWAY CLOSE, and 82% of houses are larger. Note that EPC data is not available for all properties in Farnsfield.

4 RIDGEWAY CLOSE: Plot and Title Map

4 RIDGEWAY CLOSE sits on a plot of roughly 0.078 of an acre, or 316m². The below map shows the location of 4 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 4 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 4 RIDGEWAY CLOSE?

4 RIDGEWAY CLOSE is located in FARNSFIELD, in the NG22 postcode district. The below map shows the position of No. 4 on RIDGEWAY CLOSE.