16, PALMERSTON DRIVE, EXETER, EX4 2JA - £215,000

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

16 PALMERSTON DRIVE is a very small semi-detached house of 61m², built sometime between 1976 and 1982, which could now be worth an estimated £251,628. It was last sold for £215,000 in June 2021, which was around 30% below the average June 2021 semi-detached price in the Exeter local authority area. The most recent EPC inspection was May 2013, where the current energy rating was D, and the potential energy rating was B.

16 PALMERSTON DRIVE Sold Prices

Land registry data shows four sales for 16 PALMERSTON DRIVE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average semi-detached price in the Exeter local authority area for the corresponding sale date. All of the four 16 PALMERSTON DRIVE 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
2021 25 JUN	£215,000	£305,678	30% below HPI
2018 23 MAR	£178,750	£279,580	36% below HPI
2013 8 NOV	£167,000	£221,443	25% below HPI
2000 2 JUN	£64,000	£87,111	27% below HPI

16 PALMERSTON DRIVE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Exeter local authority area over time, sourced from the HPI. The four 16 PALMERSTON DRIVE sales between June 2000 and June 2021 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 March 2018 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the June 2021 sale, where it rises to 30% below the HPI. The line then continues to track at 30% below the HPI.

What might 16 PALMERSTON DRIVE be worth now?

16 PALMERSTON DRIVE might now be worth an estimated £251,628.

This is based on house price inflation of 17%, between June 2021 and December 2024, for semi-detached houses, in the Exeter local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 17% inflationary increase is applied to the most recent sale price for 16 PALMERSTON DRIVE of £215,000 on 25th June 2021. For the value to have increased from £215,000 to £251,628 over the two years and six months to December 2024, the following assumptions must hold true:

• The value of 16 PALMERSTON DRIVE has moved in line with the HPI for semi-detached houses in the Exeter local authority area.
• The June 2021 sale price of £215,000 represented a fair market value for the property.
• The size, condition, and specification of 16 PALMERSTON DRIVE has not materially changed since June 2021.

How Large is 16 PALMERSTON DRIVE?

16 PALMERSTON DRIVE is 61m² according to the EPC inspection conducted in May 2013. This puts it in the smallest 10% of semi-detached houses houses in Exeter, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Exeter, and where 16 PALMERSTON DRIVE lies on this distribution: 3% of semi-detached houses houses are smaller than 16 PALMERSTON DRIVE, and 97% of houses are larger. Note that EPC data is not available for all properties in Exeter.

16 PALMERSTON DRIVE: Plot and Title Map

16 PALMERSTON DRIVE sits on a plot of roughly 0.023 of an acre, or 95m². The below map shows the location of 16 PALMERSTON DRIVE, 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 16 PALMERSTON DRIVE). 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 16 PALMERSTON DRIVE?

16 PALMERSTON DRIVE is located in EXETER, in the EX4 postcode district. The below map shows the position of No. 16 on PALMERSTON DRIVE.