124, NEW PARK DRIVE, HEMEL HEMPSTEAD, HP2 4QW - £357,500

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.

124 NEW PARK DRIVE is a very small extended semi-detached house of 82m², built sometime between 1967 and 1975, which could now be worth an estimated £430,475. It was last sold for £357,500 in July 2020, which was around 21% below the average July 2020 semi-detached price in the Dacorum local authority area. The most recent EPC inspection was November 2015, where the current energy rating was C, and the potential energy rating was B.

124 NEW PARK DRIVE Sold Prices

Land registry data shows three sales for 124 NEW PARK DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Dacorum local authority area for the corresponding sale date. All of the three 124 NEW PARK DRIVE 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
2020 31 JUL	£357,500	£454,019	21% below HPI
2016 15 MAR	£345,000	£423,948	19% below HPI
2005 12 SEP	£175,500	£243,843	28% below HPI

124 NEW PARK DRIVE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Dacorum local authority area over time, sourced from the HPI. The three 124 NEW PARK DRIVE sales between September 2005 and July 2020 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 March 2016 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the July 2020 sale, where it falls to 21% below the HPI. The line then continues to track at 21% below the HPI.

What might 124 NEW PARK DRIVE be worth now?

124 NEW PARK DRIVE might now be worth an estimated £430,475.

This is based on house price inflation of 20.4%, between July 2020 and February 2025, for semi-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 20.4% inflationary increase is applied to the most recent sale price for 124 NEW PARK DRIVE of £357,500 on 31st July 2020. For the value to have increased from £357,500 to £430,475 over the five years and five months to February 2025, the following assumptions must hold true:

• The value of 124 NEW PARK DRIVE has moved in line with the HPI for semi-detached houses in the Dacorum local authority area.
• The July 2020 sale price of £357,500 represented a fair market value for the property.
• The size, condition, and specification of 124 NEW PARK DRIVE has not materially changed since July 2020.

How Large is 124 NEW PARK DRIVE?

124 NEW PARK DRIVE is 82m², which includes one extension, according to the EPC inspection conducted in November 2015. This puts it in the smallest 10% of semi-detached houses houses in Hemel Hempstead, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Hemel Hempstead, and where 124 NEW PARK DRIVE lies on this distribution: 6% of semi-detached houses houses are smaller than 124 NEW PARK DRIVE, and 94% of houses are larger. Note that EPC data is not available for all properties in Hemel Hempstead.

124 NEW PARK DRIVE: Plot and Title Map

124 NEW PARK DRIVE sits on a plot of roughly 0.079 of an acre, or 319m². The below map shows the location of 124 NEW PARK DRIVE, 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 124 NEW PARK DRIVE). 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 124 NEW PARK DRIVE?

124 NEW PARK DRIVE is located in HEMEL HEMPSTEAD, in the HP2 postcode district. The below map shows the position of No. 124 on NEW PARK DRIVE.