8, RIDGEWAY DRIVE, THORNTON-CLEVELEYS, FY5 5BQ - £131,000

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.

8 RIDGEWAY DRIVE is a very small semi-detached house of 73m², built sometime between 1950 and 1966, which could now be worth an estimated £185,582. It was last sold for £131,000 in May 2015, which was about the average May 2015 semi-detached price in the Wyre local authority area. The most recent EPC inspection was November 2009, where the current energy rating was D, and the potential energy rating was C.

8 RIDGEWAY DRIVE Sold Prices

Land registry data shows five sales for 8 RIDGEWAY DRIVE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average semi-detached price in the Wyre local authority area for the corresponding sale date. The five 8 RIDGEWAY DRIVE sales were a mix of roughly equal to the average price, above the average price, and 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
2015 8 MAY	£131,000	£131,283	Close to HPI
2010 26 FEB	£144,000	£136,413	6% above HPI
2007 8 AUG	£120,000	£152,261	21% below HPI
2005 30 NOV	£142,000	£135,102	5% above HPI
1997 12 DEC	£54,750	£53,389	3% above HPI

8 RIDGEWAY DRIVE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Wyre local authority area over time, sourced from the HPI. The five 8 RIDGEWAY DRIVE sales between December 1997 and May 2015 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 2010 sale was for 6% above the HPI. So the extrapolation line tracks at 6% above the HPI over time, until the May 2015 sale, where it falls to roughly the same level as the HPI. The line then continues to track in line with the HPI.

What might 8 RIDGEWAY DRIVE be worth now?

8 RIDGEWAY DRIVE might now be worth an estimated £185,582.

This is based on house price inflation of 41.7%, between May 2015 and February 2025, for semi-detached houses, in the Wyre local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 41.7% inflationary increase is applied to the most recent sale price for 8 RIDGEWAY DRIVE of £131,000 on 8th May 2015. For the value to have increased from £131,000 to £185,582 over the ten years and three months to February 2025, the following assumptions must hold true:

• The value of 8 RIDGEWAY DRIVE has moved in line with the HPI for semi-detached houses in the Wyre local authority area.
• The May 2015 sale price of £131,000 represented a fair market value for the property.
• The size, condition, and specification of 8 RIDGEWAY DRIVE has not materially changed since May 2015.

How Large is 8 RIDGEWAY DRIVE?

8 RIDGEWAY DRIVE is 73m² according to the EPC inspection conducted in November 2009. This puts it in the smallest 10% of semi-detached houses houses in Thornton, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Thornton, and where 8 RIDGEWAY DRIVE lies on this distribution: 10% of semi-detached houses houses are smaller than 8 RIDGEWAY DRIVE, and 90% of houses are larger. Note that EPC data is not available for all properties in Thornton.

8 RIDGEWAY DRIVE: Plot and Title Map

8 RIDGEWAY DRIVE sits on a plot of roughly 0.043 of an acre, or 173m². The below map shows the location of 8 RIDGEWAY DRIVE, 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 8 RIDGEWAY DRIVE). 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 8 RIDGEWAY DRIVE?

8 RIDGEWAY DRIVE is located in THORNTON-CLEVELEYS, in the FY5 postcode district. The below map shows the position of No. 8 on RIDGEWAY DRIVE.