7, RICHMOND WAY, MAIDSTONE, ME15 6BL - £166,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

7 RICHMOND WAY is a very small semi-detached house of 64m², built sometime between 1976 and 1982, which could now be worth an estimated £345,235. It was last sold for £166,000 in July 2003, which was around 9% below the average July 2003 semi-detached price in the Maidstone local authority area. The most recent EPC inspection was July 2024, where the current energy rating was C, and the potential energy rating was B.

7 RICHMOND WAY Sold Prices

Land registry data shows three sales for 7 RICHMOND WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Maidstone local authority area for the corresponding sale date. The three 7 RICHMOND WAY sales were a mix of below the average price, and roughly equal to 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
2003 29 JUL	£166,000	£182,451	9% below HPI
2001 27 APR	£123,000	£123,194	Close to HPI
1996 22 NOV	£62,000	£70,087	12% below HPI

7 RICHMOND WAY Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Maidstone local authority area over time, sourced from the HPI. The three 7 RICHMOND WAY sales between November 1996 and July 2003 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 April 2001 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the July 2003 sale, where it falls to 9% below the HPI. The line then continues to track at 9% below the HPI.

What might 7 RICHMOND WAY be worth now?

7 RICHMOND WAY might now be worth an estimated £345,235.

This is based on house price inflation of 108%, between July 2003 and December 2024, for semi-detached houses, in the Maidstone local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 108% inflationary increase is applied to the most recent sale price for 7 RICHMOND WAY of £166,000 on 29th July 2003. For the value to have increased from £166,000 to £345,235 over the twenty years and seven months to December 2024, the following assumptions must hold true:

• The value of 7 RICHMOND WAY has moved in line with the HPI for semi-detached houses in the Maidstone local authority area.
• The July 2003 sale price of £166,000 represented a fair market value for the property.
• The size, condition, and specification of 7 RICHMOND WAY has not materially changed since July 2003.

How Large is 7 RICHMOND WAY?

7 RICHMOND WAY is 64m² according to the EPC inspection conducted in July 2024. This puts it in the smallest 10% of semi-detached houses houses in Maidstone, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Maidstone, and where 7 RICHMOND WAY lies on this distribution: 2% of semi-detached houses houses are smaller than 7 RICHMOND WAY, and 98% of houses are larger. Note that EPC data is not available for all properties in Maidstone.

7 RICHMOND WAY: Plot and Title Map

7 RICHMOND WAY sits on a plot of roughly 0.061 of an acre, or 246m². The below map shows the location of 7 RICHMOND WAY, 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 7 RICHMOND WAY). 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 7 RICHMOND WAY?

7 RICHMOND WAY is located in MAIDSTONE, in the ME15 postcode district. The below map shows the position of No. 7 on RICHMOND WAY.