56, RIDGEWAY ROAD, RUMNEY, CARDIFF, CF3 4AE - £115,000

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.

56 RIDGEWAY ROAD is a midsized flat of 65m², built sometime between 1996 and 2002, which could now be worth an estimated £135,754. It was last sold for £115,000 in April 2019, which was around 15% below the average April 2019 flat price in the Cardiff local authority area. The most recent EPC inspection was December 2018, where the current energy rating was B, and the potential energy rating was B.

56 RIDGEWAY ROAD Sold Prices

Land registry data shows two sales for 56 RIDGEWAY ROAD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average flat price in the Cardiff local authority area for the corresponding sale date. One of the two 56 RIDGEWAY ROAD sales was for below the average price, whilst the other was 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
2019 5 APR	£115,000	£135,740	15% below HPI
2005 20 DEC	£117,000	£115,283	1% above HPI

What might 56 RIDGEWAY ROAD be worth now?

56 RIDGEWAY ROAD might now be worth an estimated £135,754.

This is based on house price inflation of 18%, between April 2019 and April 2026, for flats, in the Cardiff local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 18% inflationary increase is applied to the most recent sale price for 56 RIDGEWAY ROAD of £115,000 on 5th April 2019. For the value to have increased from £115,000 to £135,754 over the seven years to April 2026, the following assumptions must hold true:

• The value of 56 RIDGEWAY ROAD has moved in line with the HPI for flats in the Cardiff local authority area.
• The April 2019 sale price of £115,000 represented a fair market value for the property.
• The size, condition, and specification of 56 RIDGEWAY ROAD has not materially changed since April 2019.

How Large is 56 RIDGEWAY ROAD?

56 RIDGEWAY ROAD is 65m² according to the EPC inspection conducted in December 2018. This puts it in the largest 40% of flats in Cardiff, based on EPC data. 60% of flats are smaller than 56 RIDGEWAY ROAD, and 37% of flats are larger. Note that EPC data is not available for all properties in Cardiff.

56 RIDGEWAY ROAD: Plot

56 RIDGEWAY ROAD sits on a plot of roughly 0.224 of an acre, or 906m².

Where is 56 RIDGEWAY ROAD?

56 RIDGEWAY ROAD is located in RUMNEY, in the CF3 postcode district.