3, PALMERSTON CLOSE, REDHILL, RH1 6TQ - £720,000

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 PALMERSTON CLOSE is a large detached house of 183m², built sometime between 2003 and 2006, which could now be worth an estimated £1,213,449. It was last sold for £720,000 in June 2012, which was around 35% above the average June 2012 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was March 2011, where the current energy rating was C, and the potential energy rating was C.

3 PALMERSTON CLOSE Sold Prices

Land registry data shows two sales for 3 PALMERSTON 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 Reigate and Banstead local authority area for the corresponding sale date. Both of the two 3 PALMERSTON CLOSE 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 18 JUN	£720,000	£533,196	35% above HPI
2003 27 JUN	£677,000	£414,715	63% above HPI

3 PALMERSTON CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Reigate and Banstead local authority area over time, sourced from the HPI. The two 3 PALMERSTON CLOSE sales from June 2003 and June 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 June 2003 sale was for 63% above the HPI. So the extrapolation line tracks at 63% above the HPI over time, until the June 2012 sale, where it falls to 35% above the HPI. The line then continues to track at 35% above the HPI.

What might 3 PALMERSTON CLOSE be worth now?

3 PALMERSTON CLOSE might now be worth an estimated £1,213,449.

This is based on house price inflation of 68.5%, between June 2012 and February 2025, for detached houses, in the Reigate and Banstead local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 68.5% inflationary increase is applied to the most recent sale price for 3 PALMERSTON CLOSE of £720,000 on 18th June 2012. For the value to have increased from £720,000 to £1,213,449 over the thirteen years and four months to February 2025, the following assumptions must hold true:

• The value of 3 PALMERSTON CLOSE has moved in line with the HPI for detached houses in the Reigate and Banstead local authority area.
• The June 2012 sale price of £720,000 represented a fair market value for the property.
• The size, condition, and specification of 3 PALMERSTON CLOSE has not materially changed since June 2012.

How Large is 3 PALMERSTON CLOSE?

3 PALMERSTON CLOSE is 183m² according to the EPC inspection conducted in March 2011. This puts it in the largest 30% of detached houses houses in Redhill, based on EPC data. The below chart shows the distribution of detached houses houses by size in Redhill, and where 3 PALMERSTON CLOSE lies on this distribution: 79% of detached houses houses are smaller than 3 PALMERSTON CLOSE, and 21% of houses are larger. Note that EPC data is not available for all properties in Redhill.

3 PALMERSTON CLOSE: Plot and Title Map

3 PALMERSTON CLOSE sits on a plot of roughly 0.358 of an acre, or 1,449m². The below map shows the location of 3 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 3 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 3 PALMERSTON CLOSE?

3 PALMERSTON CLOSE is located in REDHILL, in the RH1 postcode district. The below map shows the position of No. 3 on PALMERSTON CLOSE.