2, CHELSING RISE, HEMEL HEMPSTEAD, HP2 4PU - £490,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

2 CHELSING RISE is a small extended detached house of 106m², built sometime between 1967 and 1975. It was last sold for £490,000 in January 2022, which was around 46% below the average January 2022 detached price in the Dacorum local authority area. The most recent EPC inspection was November 2020, where the current energy rating was D, and the potential energy rating was C.

2 CHELSING RISE Sold Prices

Land registry data shows two sales for 2 CHELSING RISE 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 2 CHELSING RISE 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 31 JAN	£490,000	£909,726	46% below HPI
1996 29 MAR	£97,000	£156,910	38% below HPI

2 CHELSING RISE 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 2 CHELSING RISE sales from March 1996 and January 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 March 1996 sale was for 38% below the HPI. So the extrapolation line tracks at 38% below the HPI over time, until the January 2022 sale, where it falls to 46% below the HPI. The line then continues to track at 46% below the HPI.

How Large is 2 CHELSING RISE?

2 CHELSING RISE is 106m², which includes one extension, according to the EPC inspection conducted in November 2020. This puts it in the smallest 30% of detached houses in Hemel Hempstead, based on EPC data. The below chart shows the distribution of detached houses by size in Hemel Hempstead, and where 2 CHELSING RISE lies on this distribution: 27% of detached houses are smaller than 2 CHELSING RISE, and 72% of houses are larger. Note that EPC data is not available for all properties in Hemel Hempstead.

2 CHELSING RISE: Plot and Title Map

2 CHELSING RISE sits on a plot of roughly 0.092 of an acre, or 372m². The below map shows the location of 2 CHELSING RISE, 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 2 CHELSING RISE). 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 2 CHELSING RISE?

2 CHELSING RISE is located in HEMEL HEMPSTEAD, in the HP2 postcode district. The below map shows the position of No. 2 on CHELSING RISE.