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

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

5 PALMERSTON CLOSE is a very large extended detached house of 257m², built sometime between 2003 and 2006, which could now be worth an estimated £1,229,970. It was last sold for £715,000 in July 2011, which was around 36% 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	£524,570	36% above HPI
2009 12 NOV	£640,000	£487,395	31% above HPI
2008 23 MAY	£740,000	£543,902	36% above HPI
2003 13 AUG	£749,995	£421,104	78% 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 31% above the HPI. So the extrapolation line tracks at 31% above the HPI over time, until the July 2011 sale, where it rises to 36% above the HPI. The line then continues to track at 36% above the HPI.

What might 5 PALMERSTON CLOSE be worth now?

5 PALMERSTON CLOSE might now be worth an estimated £1,229,970.

This is based on house price inflation of 72%, between July 2011 and December 2024, 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 72% inflationary increase is applied to the most recent sale price for 5 PALMERSTON CLOSE of £715,000 on 7th July 2011. For the value to have increased from £715,000 to £1,229,970 over the twelve years and seven months to December 2024, the following assumptions must hold true:

• The value of 5 PALMERSTON CLOSE has moved in line with the HPI for detached houses in the Reigate and Banstead local authority area.
• The July 2011 sale price of £715,000 represented a fair market value for the property.
• The size, condition, and specification of 5 PALMERSTON CLOSE has not materially changed since July 2011.

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 houses in Redhill, based on EPC data. The below chart shows the distribution of detached houses houses by size in Redhill, and where 5 PALMERSTON CLOSE lies on this distribution: 95% of detached houses 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 0.278 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.