34, PALMER CLOSE, REDHILL, RH1 4BX - £565,000

34 PALMER CLOSE is a midsized detached house of 119m², built sometime between 1976 and 1982. It was last sold for £565,000 in September 2022, which was around 37% below the average September 2022 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was February 2022, where the current energy rating was C, and the potential energy rating was B.

34 PALMER CLOSE Sold Prices

Land registry data shows three sales for 34 PALMER CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Reigate and Banstead local authority area for the corresponding sale date. All of the three 34 PALMER 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
2022 30 SEP	£565,000	£900,682	37% below HPI
2011 23 SEP	£315,500	£510,670	38% below HPI
2006 24 JUL	£297,500	£431,813	31% below HPI

34 PALMER CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Reigate and Banstead local authority area over time, sourced from the HPI. The three 34 PALMER CLOSE sales between July 2006 and September 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 September 2011 sale was for 38% below the HPI. So the extrapolation line tracks at 38% below the HPI over time, until the September 2022 sale, where it rises to 37% below the HPI. The line then continues to track at 37% below the HPI.

How Large is 34 PALMER CLOSE?

34 PALMER CLOSE is 119m² according to the EPC inspection conducted in February 2022. This puts it in the smallest 50% of detached houses in Redhill, based on EPC data. The below chart shows the distribution of detached houses by size in Redhill, and where 34 PALMER CLOSE lies on this distribution: 43% of detached houses are smaller than 34 PALMER CLOSE, and 57% of houses are larger. Note that EPC data is not available for all properties in Redhill.

34 PALMER CLOSE: Plot and Title Map

34 PALMER CLOSE sits on a plot of roughly 0.055 of an acre, or 222m². The below map shows the location of 34 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 34 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 34 PALMER CLOSE?

34 PALMER CLOSE is located in REDHILL, in the RH1 postcode district. The below map shows the position of No. 34 on PALMER CLOSE.