15, PALMERSTON CLOSE, FARNBOROUGH, GU14 0RL - £240,000

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

15 PALMERSTON CLOSE is a very small extended detached house of 77m², built sometime between 1996 and 2002, which could now be worth an estimated £452,788. It was last sold for £240,000 in August 2009, which was around 22% below the average August 2009 detached price in the Rushmoor local authority area. The most recent EPC inspection was March 2019, where the current energy rating was D, and the potential energy rating was B.

15 PALMERSTON CLOSE Sold Prices

Land registry data shows six sales for 15 PALMERSTON CLOSE since 1^st January 1995. The below table shows the price paid for the six sales, along with the average detached price in the Rushmoor local authority area for the corresponding sale date. All of the six 15 PALMERSTON CLOSE 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
2009 14 AUG	£240,000	£307,193	22% below HPI
2003 26 SEP	£223,000	£279,848	20% below HPI
2001 27 JUL	£180,000	£216,109	17% below HPI
1999 25 JUN	£136,950	£157,785	13% below HPI
1998 5 JAN	£127,000	£139,860	9% below HPI
1997 22 MAY	£69,995	£122,722	43% below HPI

15 PALMERSTON CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Rushmoor local authority area over time, sourced from the HPI. The six 15 PALMERSTON CLOSE sales between May 1997 and August 2009 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 September 2003 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the August 2009 sale, where it falls to 22% below the HPI. The line then continues to track at 22% below the HPI.

What might 15 PALMERSTON CLOSE be worth now?

15 PALMERSTON CLOSE might now be worth an estimated £452,788.

This is based on house price inflation of 88.7%, between August 2009 and February 2025, for detached houses, in the Rushmoor local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 88.7% inflationary increase is applied to the most recent sale price for 15 PALMERSTON CLOSE of £240,000 on 14th August 2009. For the value to have increased from £240,000 to £452,788 over the sixteen years and six months to February 2025, the following assumptions must hold true:

• The value of 15 PALMERSTON CLOSE has moved in line with the HPI for detached houses in the Rushmoor local authority area.
• The August 2009 sale price of £240,000 represented a fair market value for the property.
• The size, condition, and specification of 15 PALMERSTON CLOSE has not materially changed since August 2009.

How Large is 15 PALMERSTON CLOSE?

15 PALMERSTON CLOSE is 77m², which includes one extension, according to the EPC inspection conducted in March 2019. This puts it in the smallest 10% of detached houses houses in Farnborough, based on EPC data. The below chart shows the distribution of detached houses houses by size in Farnborough, and where 15 PALMERSTON CLOSE lies on this distribution: 7% of detached houses houses are smaller than 15 PALMERSTON CLOSE, and 92% of houses are larger. Note that EPC data is not available for all properties in Farnborough.

15 PALMERSTON CLOSE: Plot and Title Map

15 PALMERSTON CLOSE sits on a plot of roughly 0.067 of an acre, or 271m². The below map shows the location of 15 PALMERSTON CLOSE, 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 15 PALMERSTON CLOSE). 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 15 PALMERSTON CLOSE?

15 PALMERSTON CLOSE is located in FARNBOROUGH, in the GU14 postcode district. The below map shows the position of No. 15 on PALMERSTON CLOSE.