18, PALMER CLOSE, STANSTED, CM24 8FB - £493,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

18 PALMER CLOSE is a small extended detached house of 117m², built sometime between 2007 and 2011. It was last sold for £493,000 in January 2022, which was around 27% below the average January 2022 detached price in the Uttlesford local authority area. The most recent EPC inspection was July 2021, where the current energy rating was C, and the potential energy rating was B.

18 PALMER CLOSE Sold Prices

Land registry data shows two sales for 18 PALMER CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Uttlesford local authority area for the corresponding sale date. Both of the two 18 PALMER 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
2022 20 JAN	£493,000	£671,740	27% below HPI
2009 22 SEP	£255,000	£366,632	30% below HPI

18 PALMER CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Uttlesford local authority area over time, sourced from the HPI. The two 18 PALMER CLOSE sales from September 2009 and January 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 September 2009 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the January 2022 sale, where it rises to 27% below the HPI. The line then continues to track at 27% below the HPI.

How Large is 18 PALMER CLOSE?

18 PALMER CLOSE is 117m², which includes one extension, according to the EPC inspection conducted in July 2021. This puts it in the smallest 30% of detached houses in Stansted Mountfitchet, based on EPC data. The below chart shows the distribution of detached houses by size in Stansted Mountfitchet, and where 18 PALMER CLOSE lies on this distribution: 29% of detached houses are smaller than 18 PALMER CLOSE, and 71% of houses are larger. Note that EPC data is not available for all properties in Stansted Mountfitchet.

18 PALMER CLOSE: Plot and Title Map

18 PALMER CLOSE sits on a plot of roughly 0.050 of an acre, or 202m². The below map shows the location of 18 PALMER 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 18 PALMER 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 18 PALMER CLOSE?

18 PALMER CLOSE is located in STANSTED, in the CM24 postcode district. The below map shows the position of No. 18 on PALMER CLOSE.