6, THE RIDGEWAY, FARNSFIELD, NEWARK, NG22 8DG - £194,000

6 THE RIDGEWAY is a very small extended detached house of 83m², built sometime between 1950 and 1966. It was last sold for £194,000 in May 2013, which was around 6% below the average May 2013 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was July 2010, where the current energy rating was E, and the potential energy rating was C.

6 THE RIDGEWAY Sold Prices

Land registry data shows four sales for 6 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. Most of the four 6 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
2013 17 MAY	£194,000	£206,899	6% below HPI
2010 8 OCT	£177,000	£209,907	16% below HPI
2000 1 DEC	£105,000	£98,474	7% above HPI
1995 24 NOV	£54,000	£70,174	23% below HPI

6 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 6 THE RIDGEWAY sales between November 1995 and May 2013 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 October 2010 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the May 2013 sale, where it rises to 6% below the HPI. The line then continues to track at 6% below the HPI.

How Large is 6 THE RIDGEWAY?

6 THE RIDGEWAY is 83m², which includes one extension, according to the EPC inspection conducted in July 2010. This puts it in the smallest 20% of detached houses in Farnsfield, based on EPC data. The below chart shows the distribution of detached houses by size in Farnsfield, and where 6 THE RIDGEWAY lies on this distribution: 12% of detached houses are smaller than 6 THE RIDGEWAY, and 88% of houses are larger. Note that EPC data is not available for all properties in Farnsfield.

6 THE RIDGEWAY: Plot and Title Map

6 THE RIDGEWAY sits on a plot of roughly 0.103 of an acre, or 417m². The below map shows the location of 6 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 6 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 6 THE RIDGEWAY?

6 THE RIDGEWAY is located in FARNSFIELD, in the NG22 postcode district. The below map shows the position of No. 6 on THE RIDGEWAY.