RIDGELEIGH, FIVE ASHES, MAYFIELD, TN20 6HY - £350,000

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.

RIDGELEIGH is a very small extended detached house of 72m², built sometime between 1950 and 1966, which could now be worth an estimated £394,927. It was last sold for £350,000 in October 2018, which was around 33% below the average October 2018 detached price in the Wealden local authority area. The most recent EPC inspection was May 2018, where the current energy rating was D, and the potential energy rating was C.

RIDGELEIGH Sold Prices

Land registry data shows four sales for RIDGELEIGH since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Wealden local authority area for the corresponding sale date. All of the four RIDGELEIGH 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
2018 4 OCT	£350,000	£522,302	33% below HPI
2006 24 NOV	£212,500	£348,446	39% below HPI
1998 27 NOV	£124,500	£154,922	20% below HPI
1996 8 MAR	£78,000	£110,919	30% below HPI

RIDGELEIGH Price Paid vs. HPI Average

The below graph shows the average detached house price in the Wealden local authority area over time, sourced from the HPI. The four RIDGELEIGH sales between March 1996 and October 2018 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 November 2006 sale was for 39% below the HPI. So the extrapolation line tracks at 39% below the HPI over time, until the October 2018 sale, where it rises to 33% below the HPI. The line then continues to track at 33% below the HPI.

What might RIDGELEIGH be worth now?

RIDGELEIGH might now be worth an estimated £394,927.

This is based on house price inflation of 12.8%, between October 2018 and May 2026, for detached houses, in the Wealden local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 12.8% inflationary increase is applied to the most recent sale price for RIDGELEIGH of £350,000 on 4th October 2018. For the value to have increased from £350,000 to £394,927 over the eight years and five months to May 2026, the following assumptions must hold true:

• The value of RIDGELEIGH has moved in line with the HPI for detached houses in the Wealden local authority area.
• The October 2018 sale price of £350,000 represented a fair market value for the property.
• The size, condition, and specification of RIDGELEIGH has not materially changed since October 2018.

How Large is RIDGELEIGH?

RIDGELEIGH is 72m², which includes one extension, according to the EPC inspection conducted in May 2018. This puts it in the smallest 10% of detached houses houses in Five Ashes, based on EPC data. The below chart shows the distribution of detached houses houses by size in Five Ashes, and where RIDGELEIGH lies on this distribution: Less than 1% of detached houses houses are smaller than RIDGELEIGH, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Five Ashes.

RIDGELEIGH: Plot and Title Map

RIDGELEIGH sits on a plot of roughly 0.110 of an acre, or 445m². The below map shows the location of RIDGELEIGH, 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 RIDGELEIGH). 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 RIDGELEIGH?

RIDGELEIGH is located in FIVE ASHES, in the TN20 postcode district. The below map shows the position of RIDGELEIGH in FIVE ASHES.