87, RICHMOND STREET, SHEERNESS, ME12 2QS - £62,500

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

87 RICHMOND STREET is a small detached house of 77m², built sometime between 1900 and 1929, which could now be worth an estimated £177,473. It was last sold for £62,500 in May 2002, which was around 63% below the average May 2002 detached price in the Swale local authority area. The most recent EPC inspection was December 2024, where the current energy rating was D, and the potential energy rating was B.

87 RICHMOND STREET Sold Prices

Land registry data shows two sales for 87 RICHMOND STREET since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Swale local authority area for the corresponding sale date. Both of the two 87 RICHMOND STREET 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
2002 10 MAY	£62,500	£168,635	63% below HPI
1997 20 NOV	£26,500	£101,239	74% below HPI

87 RICHMOND STREET Price Paid vs. HPI Average

The below graph shows the average detached house price in the Swale local authority area over time, sourced from the HPI. The two 87 RICHMOND STREET sales from November 1997 and May 2002 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 November 1997 sale was for 74% below the HPI. So the extrapolation line tracks at 74% below the HPI over time, until the May 2002 sale, where it rises to 63% below the HPI. The line then continues to track at 63% below the HPI.

What might 87 RICHMOND STREET be worth now?

87 RICHMOND STREET might now be worth an estimated £177,473.

This is based on house price inflation of 184%, between May 2002 and December 2024, for detached houses, in the Swale local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 184% inflationary increase is applied to the most recent sale price for 87 RICHMOND STREET of £62,500 on 10th May 2002. For the value to have increased from £62,500 to £177,473 over the 21 years and five months to December 2024, the following assumptions must hold true:

• The value of 87 RICHMOND STREET has moved in line with the HPI for detached houses in the Swale local authority area.
• The May 2002 sale price of £62,500 represented a fair market value for the property.
• The size, condition, and specification of 87 RICHMOND STREET has not materially changed since May 2002.

How Large is 87 RICHMOND STREET?

87 RICHMOND STREET is 77m² according to the EPC inspection conducted in December 2024. This puts it in the smallest 30% of detached houses houses in Sheerness, based on EPC data. The below chart shows the distribution of detached houses houses by size in Sheerness, and where 87 RICHMOND STREET lies on this distribution: 28% of detached houses houses are smaller than 87 RICHMOND STREET, and 72% of houses are larger. Note that EPC data is not available for all properties in Sheerness.

87 RICHMOND STREET: Plot and Title Map

87 RICHMOND STREET sits on a plot of roughly 0.046 of an acre, or 187m². The below map shows the location of 87 RICHMOND STREET, 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 87 RICHMOND STREET). 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 87 RICHMOND STREET?

87 RICHMOND STREET is located in SHEERNESS, in the ME12 postcode district. The below map shows the position of No. 87 on RICHMOND STREET.