RIDGEWAY, MILL LANE, THIMBLEBY, HORNCASTLE, LN9 5JS - £140,000

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.

RIDGEWAY is a small extended detached house of 123m², built sometime between 1950 and 1966, which could now be worth an estimated £177,555. It was last sold for £140,000 in March 2020, which was around 36% below the average March 2020 detached price in the East Lindsey local authority area. The most recent EPC inspection was November 2019, where the current energy rating was E, and the potential energy rating was C.

RIDGEWAY Sold Prices

Land registry data shows one sale for RIDGEWAY since 1^st January 1995. The below table shows the price paid for the one sale, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2020 6 MAR	£140,000	£217,128	36% below HPI

What might RIDGEWAY be worth now?

RIDGEWAY might now be worth an estimated £177,555.

This is based on house price inflation of 26.8%, between March 2020 and May 2026, for detached houses, in the East Lindsey local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 26.8% inflationary increase is applied to the most recent sale price for RIDGEWAY of £140,000 on 6th March 2020. For the value to have increased from £140,000 to £177,555 over the five years and ten months to May 2026, the following assumptions must hold true:

• The value of RIDGEWAY has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The March 2020 sale price of £140,000 represented a fair market value for the property.
• The size, condition, and specification of RIDGEWAY has not materially changed since March 2020.

How Large is RIDGEWAY?

RIDGEWAY is 123m², which includes one extension, according to the EPC inspection conducted in November 2019. This puts it in the smallest 40% of detached houses in Thimbleby, based on EPC data. The below chart shows the distribution of detached houses by size in Thimbleby, and where RIDGEWAY lies on this distribution: 38% of detached houses are smaller than RIDGEWAY, and 59% of detached houses are larger. Note that EPC data is not available for all properties in Thimbleby.

RIDGEWAY: Plot

RIDGEWAY sits on a plot of roughly 0.158 of an acre, or 641m².

Where is RIDGEWAY?

RIDGEWAY is located on MILL LANE in THIMBLEBY, in the LN9 postcode district.