8, PALMA CLOSE, POLEGATE, BN26 6QB - £275,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

8 PALMA CLOSE is a small detached house of 74m², built sometime between 1950 and 1966. It was last sold for £275,000 in October 2020, which was around 47% below the average October 2020 detached price in the Wealden local authority area. The most recent EPC inspection was January 2020, where the current energy rating was D, and the potential energy rating was B.

8 PALMA CLOSE Sold Prices

Land registry data shows two sales for 8 PALMA 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 Wealden local authority area for the corresponding sale date. Both of the two 8 PALMA 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
2020 9 OCT	£275,000	£519,432	47% below HPI
2000 28 MAR	£105,000	£178,566	41% below HPI

8 PALMA CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Wealden local authority area over time, sourced from the HPI. The two 8 PALMA CLOSE sales from March 2000 and October 2020 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 March 2000 sale was for 41% below the HPI. So the extrapolation line tracks at 41% below the HPI over time, until the October 2020 sale, where it falls to 47% below the HPI. The line then continues to track at 47% below the HPI.

How Large is 8 PALMA CLOSE?

8 PALMA CLOSE is 74m² according to the EPC inspection conducted in January 2020. This puts it in the smallest 30% of detached houses in Polegate, based on EPC data. The below chart shows the distribution of detached houses by size in Polegate, and where 8 PALMA CLOSE lies on this distribution: 28% of detached houses are smaller than 8 PALMA CLOSE, and 70% of houses are larger. Note that EPC data is not available for all properties in Polegate.

8 PALMA CLOSE: Plot and Title Map

8 PALMA CLOSE sits on a plot of roughly 0.087 of an acre, or 351m². The below map shows the location of 8 PALMA 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 8 PALMA 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 8 PALMA CLOSE?

8 PALMA CLOSE is located in POLEGATE, in the BN26 postcode district. The below map shows the position of No. 8 on PALMA CLOSE.