2, THE PALMS, MARCH, PE15 8FJ - £198,000

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.

2 THE PALMS is a small semi-detached house of 86m², built in 2013, which could now be worth an estimated £242,355. It was last sold for £198,000 in December 2019, which was around 18% above the average December 2019 semi-detached price in the Fenland local authority area. The most recent EPC inspection was November 2013, where the current energy rating was B, and the potential energy rating was B.

2 THE PALMS Sold Prices

Land registry data shows two sales for 2 THE PALMS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Fenland local authority area for the corresponding sale date. Both of the two 2 THE PALMS 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
2019 18 DEC	£198,000	£168,239	18% above HPI
2013 13 DEC	£155,000	£117,188	32% above HPI

2 THE PALMS Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Fenland local authority area over time, sourced from the HPI. The two 2 THE PALMS sales from December 2013 and December 2019 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 December 2013 sale was for 32% above the HPI. So the extrapolation line tracks at 32% above the HPI over time, until the December 2019 sale, where it falls to 18% above the HPI. The line then continues to track at 18% above the HPI.

What might 2 THE PALMS be worth now?

2 THE PALMS might now be worth an estimated £242,355.

This is based on house price inflation of 22.4%, between December 2019 and May 2026, for semi-detached houses, in the Fenland local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 22.4% inflationary increase is applied to the most recent sale price for 2 THE PALMS of £198,000 on 18th December 2019. For the value to have increased from £198,000 to £242,355 over the seven years and seven months to May 2026, the following assumptions must hold true:

• The value of 2 THE PALMS has moved in line with the HPI for semi-detached houses in the Fenland local authority area.
• The December 2019 sale price of £198,000 represented a fair market value for the property.
• The size, condition, and specification of 2 THE PALMS has not materially changed since December 2019.

How Large is 2 THE PALMS?

2 THE PALMS is 86m² according to the EPC inspection conducted in November 2013. This puts it in the smallest 40% of semi-detached houses houses in March, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in March, and where 2 THE PALMS lies on this distribution: 34% of semi-detached houses houses are smaller than 2 THE PALMS, and 65% of houses are larger. Note that EPC data is not available for all properties in March.

2 THE PALMS: Plot and Title Map

2 THE PALMS sits on a plot of roughly 0.045 of an acre, or 183m². The below map shows the location of 2 THE 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 2 THE 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 2 THE PALMS?

2 THE PALMS is located in MARCH, in the PE15 postcode district. The below map shows the position of No. 2 on THE PALMS.