2, THE PINES, HEMEL HEMPSTEAD, HP3 0DJ - £750,000

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 THE PINES is a very large detached house of 182m², built sometime between 1983 and 1990. It was last sold for £750,000 in May 2015, which was around 12% above the average May 2015 detached price in the Dacorum local authority area. The most recent EPC inspection was November 2014, where the current energy rating was C, and the potential energy rating was B.

2 THE PINES Sold Prices

Land registry data shows two sales for 2 THE PINES 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 THE PINES 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
2015 8 MAY	£750,000	£668,282	12% above HPI
2001 7 SEP	£482,500	£343,942	40% above HPI

2 THE PINES 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 THE PINES sales from September 2001 and May 2015 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 2001 sale was for 40% above the HPI. So the extrapolation line tracks at 40% above the HPI over time, until the May 2015 sale, where it falls to 12% above the HPI. The line then continues to track at 12% above the HPI.

How Large is 2 THE PINES?

2 THE PINES is 182m² according to the EPC inspection conducted in November 2014. This puts it in the largest 20% 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 THE PINES lies on this distribution: 83% of detached houses are smaller than 2 THE PINES, and 16% of houses are larger. Note that EPC data is not available for all properties in Hemel Hempstead.

2 THE PINES: Plot and Title Map

2 THE PINES sits on a plot of roughly 0.135 of an acre, or 544m². The below map shows the location of 2 THE PINES, 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 THE PINES). 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 THE PINES?

2 THE PINES is located in HEMEL HEMPSTEAD, in the HP3 postcode district. The below map shows the position of No. 2 on THE PINES.