PALMS, REA BARN CLOSE, BRIXHAM, TQ5 9EA - £205,000

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.

PALMS is a very small terraced house of 66m², built sometime between 1996 and 2002, which could now be worth an estimated £302,119. It was last sold for £205,000 in August 2006, which was around 42% above the average August 2006 terraced price in the Torbay local authority area. The most recent EPC inspection was March 2015, where the current energy rating was D, and the potential energy rating was B.

PALMS Sold Prices

Land registry data shows two sales for PALMS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Torbay local authority area for the corresponding sale date. Both of the two 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
2006 15 AUG	£205,000	£144,557	42% above HPI
1999 22 NOV	£72,500	£53,109	37% above HPI

PALMS Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Torbay local authority area over time, sourced from the HPI. The two PALMS sales from November 1999 and August 2006 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 November 1999 sale was for 37% above the HPI. So the extrapolation line tracks at 37% above the HPI over time, until the August 2006 sale, where it rises to 42% above the HPI. The line then continues to track at 42% above the HPI.

What might PALMS be worth now?

PALMS might now be worth an estimated £302,119.

This is based on house price inflation of 47.4%, between August 2006 and May 2026, for terraced 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 47.4% inflationary increase is applied to the most recent sale price for PALMS of £205,000 on 15th August 2006. For the value to have increased from £205,000 to £302,119 over the twenty years and three months to May 2026, the following assumptions must hold true:

• The value of PALMS has moved in line with the HPI for terraced houses in the Torbay local authority area.
• The August 2006 sale price of £205,000 represented a fair market value for the property.
• The size, condition, and specification of PALMS has not materially changed since August 2006.

How Large is PALMS?

PALMS is 66m² according to the EPC inspection conducted in March 2015. This puts it in the smallest 10% of terraced houses houses in Brixham, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Brixham, and where PALMS lies on this distribution: 8% of terraced houses houses are smaller than PALMS, and 92% of houses are larger. Note that EPC data is not available for all properties in Brixham.

PALMS: Plot and Title Map

PALMS sits on a plot of roughly 0.101 of an acre, or 409m². 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 REA BARN CLOSE in BRIXHAM, in the TQ5 postcode district. The below map shows the position of PALMS on REA BARN CLOSE.