PALM HOUSE, HOLLACOMBE LANE, PAIGNTON, TQ3 2DT - £370,000

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.

PALM HOUSE is a very large extended detached house of 182m², built sometime between 1930 and 1949, which could now be worth an estimated £624,864. It was last sold for £370,000 in April 2009, which was around 44% above the average April 2009 detached price in the Torbay local authority area. The most recent EPC inspection was October 2012, where the current energy rating was C, and the potential energy rating was C.

PALM HOUSE Sold Prices

Land registry data shows two sales for PALM HOUSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Torbay local authority area for the corresponding sale date. Both of the two PALM HOUSE 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
2009 21 APR	£370,000	£257,543	44% above HPI
2003 17 FEB	£283,500	£211,778	34% above HPI

PALM HOUSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Torbay local authority area over time, sourced from the HPI. The two PALM HOUSE sales from February 2003 and April 2009 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 February 2003 sale was for 34% above the HPI. So the extrapolation line tracks at 34% above the HPI over time, until the April 2009 sale, where it rises to 44% above the HPI. The line then continues to track at 44% above the HPI.

What might PALM HOUSE be worth now?

PALM HOUSE might now be worth an estimated £624,864.

This is based on house price inflation of 68.9%, between April 2009 and February 2025, for detached houses, in the Torbay local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 68.9% inflationary increase is applied to the most recent sale price for PALM HOUSE of £370,000 on 21st April 2009. For the value to have increased from £370,000 to £624,864 over the sixteen years and two months to February 2025, the following assumptions must hold true:

• The value of PALM HOUSE has moved in line with the HPI for detached houses in the Torbay local authority area.
• The April 2009 sale price of £370,000 represented a fair market value for the property.
• The size, condition, and specification of PALM HOUSE has not materially changed since April 2009.

How Large is PALM HOUSE?

PALM HOUSE is 182m², which includes two extensions, according to the EPC inspection conducted in October 2012. This puts it in the largest 10% of detached houses houses in Paignton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Paignton, and where PALM HOUSE lies on this distribution: 91% of detached houses houses are smaller than PALM HOUSE, and 9% of houses are larger. Note that EPC data is not available for all properties in Paignton.

PALM HOUSE: Plot and Title Map

PALM HOUSE sits on a plot of roughly 0.531 of an acre, or 2,150m². The below map shows the location of PALM HOUSE, 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 PALM HOUSE). 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 PALM HOUSE?

PALM HOUSE is located on HOLLACOMBE LANE in PAIGNTON, in the TQ3 postcode district. The below map shows the position of PALM HOUSE on HOLLACOMBE LANE.