59, THE RIDGEWAY, FARNSFIELD, NEWARK, NG22 8DW - £190,000

59 THE RIDGEWAY is a very small detached house of 58m², built sometime between 1950 and 1966. It was last sold for £190,000 in June 2016, which was around 20% below the average June 2016 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was June 2010, where the current energy rating was D, and the potential energy rating was D.

59 THE RIDGEWAY Sold Prices

Land registry data shows four sales for 59 THE RIDGEWAY 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 59 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
2016 29 JUN	£190,000	£237,429	20% below HPI
2014 11 JUL	£165,000	£219,231	25% below HPI
2006 17 MAR	£160,000	£199,901	20% below HPI
1996 18 JAN	£43,000	£70,086	39% below HPI

59 THE RIDGEWAY 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 59 THE RIDGEWAY sales between January 1996 and June 2016 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 2014 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the June 2016 sale, where it rises to 20% below the HPI. The line then continues to track at 20% below the HPI.

How Large is 59 THE RIDGEWAY?

59 THE RIDGEWAY is 58m² according to the EPC inspection conducted in June 2010. This puts it in the smallest 10% of detached houses in Farnsfield, based on EPC data. The below chart shows the distribution of detached houses by size in Farnsfield, and where 59 THE RIDGEWAY lies on this distribution: 2% of detached houses are smaller than 59 THE RIDGEWAY, and 98% of houses are larger. Note that EPC data is not available for all properties in Farnsfield.

59 THE RIDGEWAY: Plot and Title Map

59 THE RIDGEWAY sits on a plot of roughly 0.078 of an acre, or 315m². The below map shows the location of 59 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 59 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 59 THE RIDGEWAY?

59 THE RIDGEWAY is located in FARNSFIELD, in the NG22 postcode district. The below map shows the position of No. 59 on THE RIDGEWAY.