5, PALMERSTON CLOSE, REDHILL, RH1 6TQ - £715,000

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

5 PALMERSTON CLOSE is a very large extended detached house of 257m², built sometime between 2003 and 2006. It was last sold for £715,000 in July 2011, which was around 43% above the average July 2011 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was April 2018, where the current energy rating was C, and the potential energy rating was B.

5 PALMERSTON CLOSE Sold Prices

Land registry data shows four sales for 5 PALMERSTON CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Reigate and Banstead local authority area for the corresponding sale date. All of the four 5 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
2011 7 JUL	£715,000	£500,131	43% above HPI
2009 12 NOV	£640,000	£464,688	38% above HPI
2008 23 MAY	£740,000	£518,562	43% above HPI
2003 13 AUG	£749,995	£401,485	87% above HPI

5 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 four 5 PALMERSTON CLOSE sales between August 2003 and July 2011 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 November 2009 sale was for 38% above the HPI. So the extrapolation line tracks at 38% above the HPI over time, until the July 2011 sale, where it rises to 43% above the HPI. The line then continues to track at 43% above the HPI.

How Large is 5 PALMERSTON CLOSE?

5 PALMERSTON CLOSE is 257m², which includes one extension, according to the EPC inspection conducted in April 2018. This puts it in the largest 10% of detached houses in Redhill, based on EPC data. The below chart shows the distribution of detached houses by size in Redhill, and where 5 PALMERSTON CLOSE lies on this distribution: 95% of detached houses are smaller than 5 PALMERSTON CLOSE, and 5% of houses are larger. Note that EPC data is not available for all properties in Redhill.

5 PALMERSTON CLOSE: Plot and Title Map

5 PALMERSTON CLOSE sits on a plot of roughly 0.279 of an acre, or 1,127m². The below map shows the location of 5 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 5 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 5 PALMERSTON CLOSE?

5 PALMERSTON CLOSE is located in REDHILL, in the RH1 postcode district. The below map shows the position of No. 5 on PALMERSTON CLOSE.