THE RIDGES, MAIN STREET, FRANKTON, RUGBY, CV23 9NY - £340,000

THE RIDGES is a very small extended detached house of 57m², built sometime between 1930 and 1949. It was last sold for £340,000 in July 2021, which was around 18% below the average July 2021 detached price in the Rugby local authority area. The most recent EPC inspection was December 2019, where the current energy rating was D, and the potential energy rating was B.

THE RIDGES Sold Prices

Land registry data shows two sales for THE RIDGES since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Rugby local authority area for the corresponding sale date. Both of the two THE RIDGES 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
2021 30 JUL	£340,000	£416,626	18% below HPI
2008 20 JUN	£190,000	£275,197	31% below HPI

THE RIDGES Price Paid vs. HPI Average

The below graph shows the average detached house price in the Rugby local authority area over time, sourced from the HPI. The two THE RIDGES sales from June 2008 and July 2021 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 June 2008 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the July 2021 sale, where it rises to 18% below the HPI. The line then continues to track at 18% below the HPI.

How Large is THE RIDGES?

THE RIDGES is 57m², which includes one extension, according to the EPC inspection conducted in December 2019. This puts it in the smallest 10% of detached houses in Frankton, based on EPC data. The below chart shows the distribution of detached houses by size in Frankton, and where THE RIDGES lies on this distribution: Less than 1% of detached houses are smaller than THE RIDGES, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Frankton.

THE RIDGES: Plot and Title Map

THE RIDGES sits on a plot of roughly 0.153 of an acre, or 621m². The below map shows the location of THE RIDGES, 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 THE RIDGES). 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 THE RIDGES?

THE RIDGES is located on MAIN STREET in FRANKTON, in the CV23 postcode district. The below map shows the position of THE RIDGES on MAIN STREET.