12, PALMER CLOSE, EXETER, EX1 3GP - £625,000

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.

12 PALMER CLOSE is a large detached house of 140m², built in 2016, which could now be worth an estimated £665,788. It was last sold for £625,000 in March 2022, which was around 24% above the average March 2022 detached price in the East Devon local authority area. The most recent EPC inspection was December 2017, where the current energy rating was B, and the potential energy rating was A.

12 PALMER CLOSE Sold Prices

Land registry data shows two sales for 12 PALMER 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 East Devon local authority area for the corresponding sale date. Both of the two 12 PALMER 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
2022 31 MAR	£625,000	£505,965	24% above HPI
2017 23 JUN	£465,000	£400,007	16% above HPI

12 PALMER CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the East Devon local authority area over time, sourced from the HPI. The two 12 PALMER CLOSE sales from June 2017 and March 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 June 2017 sale was for 16% above the HPI. So the extrapolation line tracks at 16% above the HPI over time, until the March 2022 sale, where it rises to 24% above the HPI. The line then continues to track at 24% above the HPI.

What might 12 PALMER CLOSE be worth now?

12 PALMER CLOSE might now be worth an estimated £665,788.

This is based on house price inflation of 6.5%, between March 2022 and April 2026, for detached houses, in the East Devon local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 6.5% inflationary increase is applied to the most recent sale price for 12 PALMER CLOSE of £625,000 on 31st March 2022. For the value to have increased from £625,000 to £665,788 over the three years and eleven months to April 2026, the following assumptions must hold true:

• The value of 12 PALMER CLOSE has moved in line with the HPI for detached houses in the East Devon local authority area.
• The March 2022 sale price of £625,000 represented a fair market value for the property.
• The size, condition, and specification of 12 PALMER CLOSE has not materially changed since March 2022.

How Large is 12 PALMER CLOSE?

12 PALMER CLOSE is 140m² according to the EPC inspection conducted in December 2017. This puts it in the largest 30% of detached houses houses in West Clyst, based on EPC data. The below chart shows the distribution of detached houses houses by size in West Clyst, and where 12 PALMER CLOSE lies on this distribution: 77% of detached houses houses are smaller than 12 PALMER CLOSE, and 21% of houses are larger. Note that EPC data is not available for all properties in West Clyst.

12 PALMER CLOSE: Plot and Title Map

12 PALMER CLOSE sits on a plot of roughly 0.130 of an acre, or 526m². The below map shows the location of 12 PALMER 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 12 PALMER 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 12 PALMER CLOSE?

12 PALMER CLOSE is located in EXETER, in the EX1 postcode district. The below map shows the position of No. 12 on PALMER CLOSE.