1, REDAN PLACE, SHEERNESS, ME12 2AA - £150,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

1 REDAN PLACE is a large terraced house of 112m², built sometime before 1900, which could now be worth an estimated £180,757. It was last sold for £150,000 in January 2020, which was around 28% below the average January 2020 terraced price in the Swale local authority area. The most recent EPC inspection was July 2022, where the current energy rating was D, and the potential energy rating was B.

1 REDAN PLACE Sold Prices

Land registry data shows four sales for 1 REDAN PLACE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average terraced price in the Swale local authority area for the corresponding sale date. Most of the four 1 REDAN PLACE 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
2020 13 JAN	£150,000	£208,275	28% below HPI
2011 3 JUN	£117,000	£135,163	13% below HPI
2001 25 MAY	£78,000	£68,403	14% above HPI
1996 18 OCT	£25,000	£42,255	41% below HPI

1 REDAN PLACE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Swale local authority area over time, sourced from the HPI. The four 1 REDAN PLACE sales between October 1996 and January 2020 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 2011 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the January 2020 sale, where it falls to 28% below the HPI. The line then continues to track at 28% below the HPI.

What might 1 REDAN PLACE be worth now?

1 REDAN PLACE might now be worth an estimated £180,757.

This is based on house price inflation of 20.5%, between January 2020 and May 2026, for terraced 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 20.5% inflationary increase is applied to the most recent sale price for 1 REDAN PLACE of £150,000 on 13th January 2020. For the value to have increased from £150,000 to £180,757 over the five years and eight months to May 2026, the following assumptions must hold true:

• The value of 1 REDAN PLACE has moved in line with the HPI for terraced houses in the Swale local authority area.
• The January 2020 sale price of £150,000 represented a fair market value for the property.
• The size, condition, and specification of 1 REDAN PLACE has not materially changed since January 2020.

How Large is 1 REDAN PLACE?

1 REDAN PLACE is 112m² according to the EPC inspection conducted in July 2022. This puts it in the largest 40% of terraced houses houses in Sheerness, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Sheerness, and where 1 REDAN PLACE lies on this distribution: 66% of terraced houses houses are smaller than 1 REDAN PLACE, and 34% of houses are larger. Note that EPC data is not available for all properties in Sheerness.

1 REDAN PLACE: Plot and Title Map

1 REDAN PLACE sits on a plot of roughly 0.029 of an acre, or 116m². The below map shows the location of 1 REDAN PLACE, 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 1 REDAN PLACE). 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 1 REDAN PLACE?

1 REDAN PLACE is located in SHEERNESS, in the ME12 postcode district. The below map shows the position of No. 1 on REDAN PLACE.