PALMS, TILEHURST LANE, BINFIELD, BRACKNELL, RG42 5JS - £1,085,000

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

PALMS is a very large extended detached house of 213m², built sometime between 2003 and 2006, which could now be worth an estimated £1,108,223. It was last sold for £1,085,000 in July 2022, which was around 48% above the average July 2022 detached price in the Bracknell Forest local authority area. The most recent EPC inspection was August 2021, where the current energy rating was C, and the potential energy rating was B.

PALMS Sold Prices

Land registry data shows three sales for PALMS since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Bracknell Forest local authority area for the corresponding sale date. Two of the three PALMS sales were for above the average price, whilst one was 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
2022 25 JUL	£1,085,000	£734,131	48% above HPI
2007 29 AUG	£720,000	£443,311	62% above HPI
2005 9 MAR	£298,000	£373,213	20% below HPI

PALMS Price Paid vs. HPI Average

The below graph shows the average detached house price in the Bracknell Forest local authority area over time, sourced from the HPI. The three PALMS sales between March 2005 and July 2022 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 August 2007 sale was for 62% above the HPI. So the extrapolation line tracks at 62% above the HPI over time, until the July 2022 sale, where it falls to 48% above the HPI. The line then continues to track at 48% above the HPI.

What might PALMS be worth now?

PALMS might now be worth an estimated £1,108,223.

This is based on house price inflation of 2.1%, between July 2022 and February 2025, for detached houses, in the Bracknell Forest local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 2.1% inflationary increase is applied to the most recent sale price for PALMS of £1,085,000 on 25th July 2022. For the value to have increased from £1,085,000 to £1,108,223 over the three years and five months to February 2025, the following assumptions must hold true:

• The value of PALMS has moved in line with the HPI for detached houses in the Bracknell Forest local authority area.
• The July 2022 sale price of £1,085,000 represented a fair market value for the property.
• The size, condition, and specification of PALMS has not materially changed since July 2022.

How Large is PALMS?

PALMS is 213m², which includes two extensions, according to the EPC inspection conducted in August 2021. This puts it in the largest 10% of detached houses houses in Binfield, based on EPC data. The below chart shows the distribution of detached houses houses by size in Binfield, and where PALMS lies on this distribution: 92% of detached houses houses are smaller than PALMS, and 8% of houses are larger. Note that EPC data is not available for all properties in Binfield.

PALMS: Plot and Title Map

PALMS sits on a plot of roughly 0.184 of an acre, or 743m². The below map shows the location of PALMS, 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 PALMS). 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 PALMS?

PALMS is located on TILEHURST LANE in BINFIELD, in the RG42 postcode district. The below map shows the position of PALMS on TILEHURST LANE.