1, PALMER CLOSE, ELSENHAM, BISHOP'S STORTFORD, CM22 6UJ - £365,000

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.

1 PALMER CLOSE is a small semi-detached house of 76m², built in 2016, which could now be worth an estimated £385,825. It was last sold for £365,000 in August 2021, which was around 9% below the average August 2021 semi-detached price in the Uttlesford local authority area. The most recent EPC inspection was March 2017, where the current energy rating was B, and the potential energy rating was A.

1 PALMER CLOSE Sold Prices

Land registry data shows two sales for 1 PALMER CLOSE 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 Uttlesford local authority area for the corresponding sale date. Both of the two 1 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
2021 10 AUG	£365,000	£401,964	9% below HPI
2017 13 APR	£317,500	£347,997	9% below HPI

1 PALMER CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Uttlesford local authority area over time, sourced from the HPI. The two 1 PALMER CLOSE sales from April 2017 and August 2021 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 April 2017 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the August 2021 sale, which was also at 9% below the HPI.

What might 1 PALMER CLOSE be worth now?

1 PALMER CLOSE might now be worth an estimated £385,825.

This is based on house price inflation of 5.7%, between August 2021 and April 2026, for semi-detached houses, in the Uttlesford local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 5.7% inflationary increase is applied to the most recent sale price for 1 PALMER CLOSE of £365,000 on 10th August 2021. For the value to have increased from £365,000 to £385,825 over the five years and four months to April 2026, the following assumptions must hold true:

• The value of 1 PALMER CLOSE has moved in line with the HPI for semi-detached houses in the Uttlesford local authority area.
• The August 2021 sale price of £365,000 represented a fair market value for the property.
• The size, condition, and specification of 1 PALMER CLOSE has not materially changed since August 2021.

How Large is 1 PALMER CLOSE?

1 PALMER CLOSE is 76m² according to the EPC inspection conducted in March 2017. This puts it in the smallest 30% of semi-detached houses in Elsenham, based on EPC data. The below chart shows the distribution of semi-detached houses by size in Elsenham, and where 1 PALMER CLOSE lies on this distribution: 26% of semi-detached houses are smaller than 1 PALMER CLOSE, and 66% of semi-detached houses are larger. Note that EPC data is not available for all properties in Elsenham.

1 PALMER CLOSE: Plot and Title Map

1 PALMER CLOSE sits on a plot of roughly 0.064 of an acre, or 260m². The below map shows the location of 1 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 1 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 1 PALMER CLOSE?

1 PALMER CLOSE is located in ELSENHAM, in the CM22 postcode district. The below map shows the position of No. 1 on PALMER CLOSE.