3, PALMER MEWS, BUDLEIGH SALTERTON, EX9 6JJ - £390,000

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.

3 PALMER MEWS is a very small detached house of 100m², built sometime between 1996 and 2002, which could now be worth an estimated £631,109. It was last sold for £390,000 in March 2012, which was around 17% above the average March 2012 detached price in the East Devon local authority area. The most recent EPC inspection was February 2011, where the current energy rating was C, and the potential energy rating was C.

3 PALMER MEWS Sold Prices

Land registry data shows three sales for 3 PALMER MEWS since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the East Devon local authority area for the corresponding sale date. All of the three 3 PALMER MEWS sales were for above 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
2012 20 MAR	£390,000	£333,652	17% above HPI
2005 7 APR	£320,000	£302,007	6% above HPI
2002 8 APR	£200,000	£197,550	1% above HPI

3 PALMER MEWS Price Paid vs. HPI Average

The below graph shows the average detached house price in the East Devon local authority area over time, sourced from the HPI. The three 3 PALMER MEWS sales between April 2002 and March 2012 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 April 2005 sale was for 6% above the HPI. So the extrapolation line tracks at 6% above the HPI over time, until the March 2012 sale, where it rises to 17% above the HPI. The line then continues to track at 17% above the HPI.

What might 3 PALMER MEWS be worth now?

3 PALMER MEWS might now be worth an estimated £631,109.

This is based on house price inflation of 61.8%, between March 2012 and February 2025, for detached houses, in the East Devon local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 61.8% inflationary increase is applied to the most recent sale price for 3 PALMER MEWS of £390,000 on 20th March 2012. For the value to have increased from £390,000 to £631,109 over the thirteen years and one month to February 2025, the following assumptions must hold true:

• The value of 3 PALMER MEWS has moved in line with the HPI for detached houses in the East Devon local authority area.
• The March 2012 sale price of £390,000 represented a fair market value for the property.
• The size, condition, and specification of 3 PALMER MEWS has not materially changed since March 2012.

How Large is 3 PALMER MEWS?

3 PALMER MEWS is 100m² according to the EPC inspection conducted in February 2011. This puts it in the smallest 20% of detached houses houses in Budleigh Salterton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Budleigh Salterton, and where 3 PALMER MEWS lies on this distribution: 18% of detached houses houses are smaller than 3 PALMER MEWS, and 82% of houses are larger. Note that EPC data is not available for all properties in Budleigh Salterton.

3 PALMER MEWS: Plot and Title Map

3 PALMER MEWS sits on a plot of roughly 0.045 of an acre, or 183m². The below map shows the location of 3 PALMER MEWS, 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 3 PALMER MEWS). 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 3 PALMER MEWS?

3 PALMER MEWS is located in BUDLEIGH SALTERTON, in the EX9 postcode district. The below map shows the position of No. 3 on PALMER MEWS.