42, THE RIDGEWAY, NORWICH, NR1 4ND - £325,000

42 THE RIDGEWAY is a very small extended detached house of 69m², built sometime between 1950 and 1966. It was last sold for £325,000 in October 2023, which was around 30% below the average October 2023 detached price in the Norwich local authority area. The most recent EPC inspection was June 2022, where the current energy rating was D, and the potential energy rating was B.

42 THE RIDGEWAY Sold Prices

Land registry data shows two sales for 42 THE RIDGEWAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Norwich local authority area for the corresponding sale date. Both of the two 42 THE RIDGEWAY 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
2023 26 OCT	£325,000	£467,248	30% below HPI
2022 9 AUG	£285,000	£459,866	38% below HPI

42 THE RIDGEWAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Norwich local authority area over time, sourced from the HPI. The two 42 THE RIDGEWAY sales from August 2022 and October 2023 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 August 2022 sale was for 38% below the HPI. So the extrapolation line tracks at 38% below the HPI over time, until the October 2023 sale, where it rises to 30% below the HPI. The line then continues to track at 30% below the HPI.

How Large is 42 THE RIDGEWAY?

42 THE RIDGEWAY is 69m², which includes one extension, according to the EPC inspection conducted in June 2022. This puts it in the smallest 10% of detached houses in Norwich, based on EPC data. The below chart shows the distribution of detached houses by size in Norwich, and where 42 THE RIDGEWAY lies on this distribution: 8% of detached houses are smaller than 42 THE RIDGEWAY, and 91% of houses are larger. Note that EPC data is not available for all properties in Norwich.

42 THE RIDGEWAY: Plot and Title Map

42 THE RIDGEWAY sits on a plot of roughly 0.083 of an acre, or 335m². The below map shows the location of 42 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 42 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 42 THE RIDGEWAY?

42 THE RIDGEWAY is located in NORWICH, in the NR1 postcode district. The below map shows the position of No. 42 on THE RIDGEWAY.