4, THE RIDGEWAY, MARCHWIEL, WREXHAM, LL13 0SB - £140,000

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 THE RIDGEWAY is a very small semi-detached house of 68m², built sometime between 1930 and 1949, which could now be worth an estimated £182,193. It was last sold for £140,000 in November 2020, which was around 4% below the average November 2020 semi-detached price in the Wrexham local authority area. The most recent EPC inspection was August 2020, where the current energy rating was D, and the potential energy rating was C.

4 THE RIDGEWAY Sold Prices

Land registry data shows two sales for 4 THE RIDGEWAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Wrexham local authority area for the corresponding sale date. One of the two 4 THE RIDGEWAY sales was for below the average price, whilst the other was for above 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
2020 20 NOV	£140,000	£145,416	4% below HPI
1999 30 JUL	£45,000	£44,602	1% above HPI

4 THE RIDGEWAY Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Wrexham local authority area over time, sourced from the HPI. The two 4 THE RIDGEWAY sales from July 1999 and November 2020 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 July 1999 sale was for 1% above the HPI. So the extrapolation line tracks at 1% above the HPI over time, until the November 2020 sale, where it falls to 4% below the HPI. The line then continues to track at 4% below the HPI.

What might 4 THE RIDGEWAY be worth now?

4 THE RIDGEWAY might now be worth an estimated £182,193.

This is based on house price inflation of 30.1%, between November 2020 and June 2025, for semi-detached houses, in the Wrexham local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 30.1% inflationary increase is applied to the most recent sale price for 4 THE RIDGEWAY of £140,000 on 20th November 2020. For the value to have increased from £140,000 to £182,193 over the five years and five months to June 2025, the following assumptions must hold true:

• The value of 4 THE RIDGEWAY has moved in line with the HPI for semi-detached houses in the Wrexham local authority area.
• The November 2020 sale price of £140,000 represented a fair market value for the property.
• The size, condition, and specification of 4 THE RIDGEWAY has not materially changed since November 2020.

How Large is 4 THE RIDGEWAY?

4 THE RIDGEWAY is 68m² according to the EPC inspection conducted in August 2020. This puts it in the smallest 10% of semi-detached houses houses in Marchwiel, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Marchwiel, and where 4 THE RIDGEWAY lies on this distribution: 6% of semi-detached houses houses are smaller than 4 THE RIDGEWAY, and 92% of houses are larger. Note that EPC data is not available for all properties in Marchwiel.

4 THE RIDGEWAY: Plot and Title Map

4 THE RIDGEWAY sits on a plot of roughly 0.103 of an acre, or 415m². The below map shows the location of 4 THE RIDGEWAY, 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 THE RIDGEWAY). 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 THE RIDGEWAY?

4 THE RIDGEWAY is located in MARCHWIEL, in the LL13 postcode district. The below map shows the position of No. 4 on THE RIDGEWAY.