RIDGEWAY LODGE, RIDGEWAY LANE, COLYTON, EX24 6RP - £545,000

RIDGEWAY LODGE is a very large extended detached house of 129m², built sometime before 1900. It was last sold for £545,000 in August 2016, which was around 44% above the average August 2016 detached price in the East Devon local authority area. The most recent EPC inspection was February 2016, where the current energy rating was E, and the potential energy rating was C.

RIDGEWAY LODGE Sold Prices

Land registry data shows two sales for RIDGEWAY LODGE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the East Devon local authority area for the corresponding sale date. Both of the two RIDGEWAY LODGE sales were for above 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 23 AUG	£545,000	£379,651	44% above HPI
2004 16 FEB	£365,000	£265,215	38% above HPI

RIDGEWAY LODGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the East Devon local authority area over time, sourced from the HPI. The two RIDGEWAY LODGE sales from February 2004 and August 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 February 2004 sale was for 38% above the HPI. So the extrapolation line tracks at 38% above the HPI over time, until the August 2016 sale, where it rises to 44% above the HPI. The line then continues to track at 44% above the HPI.

How Large is RIDGEWAY LODGE?

RIDGEWAY LODGE is 129m², which includes two extensions, according to the EPC inspection conducted in February 2016. This puts it in the largest 20% of detached houses in Colyton, based on EPC data. The below chart shows the distribution of detached houses by size in Colyton, and where RIDGEWAY LODGE lies on this distribution: 83% of detached houses are smaller than RIDGEWAY LODGE, and 17% of houses are larger. Note that EPC data is not available for all properties in Colyton.

RIDGEWAY LODGE: Plot and Title Map

RIDGEWAY LODGE sits on a plot of roughly 0.241 of an acre, or 975m². The below map shows the location of RIDGEWAY LODGE, 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 RIDGEWAY LODGE). 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 RIDGEWAY LODGE?

RIDGEWAY LODGE is located on RIDGEWAY LANE in COLYTON, in the EX24 postcode district. The below map shows the position of RIDGEWAY LODGE on RIDGEWAY LANE.