8, RICHMOND WAY, MAIDSTONE, ME15 6BL - £450,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

8 RICHMOND WAY is a small detached house of 101m², built sometime between 1950 and 1966. It was last sold for £450,000 in September 2022, which was around 19% below the average September 2022 detached price in the Maidstone local authority area. The most recent EPC inspection was October 2021, where the current energy rating was D, and the potential energy rating was B.

8 RICHMOND WAY Sold Prices

Land registry data shows two sales for 8 RICHMOND WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Maidstone local authority area for the corresponding sale date. Both of the two 8 RICHMOND WAY 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
2022 15 SEP	£450,000	£556,923	19% below HPI
2021 21 MAY	£310,000	£479,508	35% below HPI

8 RICHMOND WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Maidstone local authority area over time, sourced from the HPI. The two 8 RICHMOND WAY sales from May 2021 and September 2022 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 May 2021 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the September 2022 sale, where it rises to 19% below the HPI. The line then continues to track at 19% below the HPI.

How Large is 8 RICHMOND WAY?

8 RICHMOND WAY is 101m² according to the EPC inspection conducted in October 2021. This puts it in the smallest 30% of detached houses in Maidstone, based on EPC data. The below chart shows the distribution of detached houses by size in Maidstone, and where 8 RICHMOND WAY lies on this distribution: 28% of detached houses are smaller than 8 RICHMOND WAY, and 71% of houses are larger. Note that EPC data is not available for all properties in Maidstone.

8 RICHMOND WAY: Plot and Title Map

8 RICHMOND WAY sits on a plot of roughly 0.122 of an acre, or 494m². The below map shows the location of 8 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 8 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 8 RICHMOND WAY?

8 RICHMOND WAY is located in MAIDSTONE, in the ME15 postcode district. The below map shows the position of No. 8 on RICHMOND WAY.