62, RIDGEWAY ROAD, RUMNEY, CARDIFF, CF3 4AE - £119,000

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.

62 RIDGEWAY ROAD is a midsized flat of 58m², built sometime between 2003 and 2006, which could now be worth an estimated £139,248. It was last sold for £119,000 in December 2019, which was around 14% below the average December 2019 flat price in the Cardiff local authority area. The most recent EPC inspection was February 2017, where the current energy rating was C, and the potential energy rating was C.

62 RIDGEWAY ROAD Sold Prices

Land registry data shows three sales for 62 RIDGEWAY ROAD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average flat price in the Cardiff local authority area for the corresponding sale date. Two of the three 62 RIDGEWAY ROAD sales were for below the average price, whilst one 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 12 DEC	£119,000	£138,021	14% below HPI
2017 12 MAY	£113,000	£130,360	13% below HPI
2005 15 SEP	£124,500	£114,066	9% above HPI

What might 62 RIDGEWAY ROAD be worth now?

62 RIDGEWAY ROAD might now be worth an estimated £139,248.

This is based on house price inflation of 17%, between December 2019 and May 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 17% inflationary increase is applied to the most recent sale price for 62 RIDGEWAY ROAD of £119,000 on 12th December 2019. For the value to have increased from £119,000 to £139,248 over the seven years and seven months to May 2026, the following assumptions must hold true:

• The value of 62 RIDGEWAY ROAD has moved in line with the HPI for flats in the Cardiff local authority area.
• The December 2019 sale price of £119,000 represented a fair market value for the property.
• The size, condition, and specification of 62 RIDGEWAY ROAD has not materially changed since December 2019.

How Large is 62 RIDGEWAY ROAD?

62 RIDGEWAY ROAD is 58m² according to the EPC inspection conducted in February 2017. This puts it in the smallest 50% of flats in Cardiff, based on EPC data. 42% of flats are smaller than 62 RIDGEWAY ROAD, and 56% of flats are larger. Note that EPC data is not available for all properties in Cardiff.

62 RIDGEWAY ROAD: Plot

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

Where is 62 RIDGEWAY ROAD?

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