12, PANCAKE LANE, HEMEL HEMPSTEAD, HP2 4NB - £500,000

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 PANCAKE LANE is a very large extended detached house of 222m², built sometime from 2012 onwards, which could now be worth an estimated £559,854. It was last sold for £500,000 in February 2021, which was around 39% below the average February 2021 detached price in the Dacorum local authority area. The most recent EPC inspection was March 2022, where the current energy rating was A, and the potential energy rating was A.

12 PANCAKE LANE Sold Prices

Land registry data shows two sales for 12 PANCAKE LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Dacorum local authority area for the corresponding sale date. Both of the two 12 PANCAKE LANE 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 26 FEB	£500,000	£822,540	39% below HPI
2018 7 SEP	£450,000	£787,247	43% below HPI

12 PANCAKE LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Dacorum local authority area over time, sourced from the HPI. The two 12 PANCAKE LANE sales from September 2018 and February 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 September 2018 sale was for 43% below the HPI. So the extrapolation line tracks at 43% below the HPI over time, until the February 2021 sale, where it rises to 39% below the HPI. The line then continues to track at 39% below the HPI.

What might 12 PANCAKE LANE be worth now?

12 PANCAKE LANE might now be worth an estimated £559,854.

This is based on house price inflation of 12%, between February 2021 and February 2025, for detached houses, in the Dacorum local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 12% inflationary increase is applied to the most recent sale price for 12 PANCAKE LANE of £500,000 on 26th February 2021. For the value to have increased from £500,000 to £559,854 over the four years to February 2025, the following assumptions must hold true:

• The value of 12 PANCAKE LANE has moved in line with the HPI for detached houses in the Dacorum local authority area.
• The February 2021 sale price of £500,000 represented a fair market value for the property.
• The size, condition, and specification of 12 PANCAKE LANE has not materially changed since February 2021.

How Large is 12 PANCAKE LANE?

12 PANCAKE LANE is 222m², which includes four extensions, according to the EPC inspection conducted in March 2022. This puts it in the largest 10% of detached houses houses in Hemel Hempstead, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hemel Hempstead, and where 12 PANCAKE LANE lies on this distribution: 92% of detached houses houses are smaller than 12 PANCAKE LANE, and 8% of houses are larger. Note that EPC data is not available for all properties in Hemel Hempstead.

12 PANCAKE LANE: Plot and Title Map

12 PANCAKE LANE sits on a plot of roughly 0.138 of an acre, or 557m². The below map shows the location of 12 PANCAKE LANE, 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 PANCAKE LANE). 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 PANCAKE LANE?

12 PANCAKE LANE is located in HEMEL HEMPSTEAD, in the HP2 postcode district. The below map shows the position of No. 12 on PANCAKE LANE.