31, RICHMOND AVENUE, MARGATE, CT9 2NG - £310,000

Based on the December 2024 Price Paid Data (released on 29th January 2025), the November 2024 House Price Index (released on 15th January 2025), and the December 2024 Energy Performance of Buildings Data (released on 31st January 2025). Sources

31 RICHMOND AVENUE is a large extended semi-detached house of 141m², built sometime between 1900 and 1929. It was last sold for £310,000 in September 2017, which was around 17% below the average September 2017 detached price in the Thanet local authority area. The most recent EPC inspection was April 2017, where the current energy rating was D, and the potential energy rating was C.

31 RICHMOND AVENUE Sold Prices

Land registry data shows two sales for 31 RICHMOND AVENUE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Thanet local authority area for the corresponding sale date. Both of the two 31 RICHMOND AVENUE 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
2017 6 SEP	£310,000	£372,172	17% below HPI
2007 3 OCT	£200,000	£271,622	26% below HPI

31 RICHMOND AVENUE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Thanet local authority area over time, sourced from the HPI. The two 31 RICHMOND AVENUE sales from October 2007 and September 2017 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 October 2007 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the September 2017 sale, where it rises to 17% below the HPI. The line then continues to track at 17% below the HPI.

How Large is 31 RICHMOND AVENUE?

31 RICHMOND AVENUE is 141m², which includes one extension, according to the EPC inspection conducted in April 2017. This puts it in the largest 30% of detached houses in Margate, based on EPC data. The below chart shows the distribution of detached houses by size in Margate, and where 31 RICHMOND AVENUE lies on this distribution: 76% of detached houses are smaller than 31 RICHMOND AVENUE, and 24% of houses are larger. Note that EPC data is not available for all properties in Margate.

31 RICHMOND AVENUE: Plot and Title Map

31 RICHMOND AVENUE sits on a plot of roughly 0.067 of an acre, or 269m². The below map shows the location of 31 RICHMOND AVENUE, 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 31 RICHMOND AVENUE). 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 31 RICHMOND AVENUE?

31 RICHMOND AVENUE is located in MARGATE, in the CT9 postcode district. The below map shows the position of No. 31 on RICHMOND AVENUE.