2, THE RHYMES, HEMEL HEMPSTEAD, HP1 3JR - £610,000

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 RHYMES is a midsized extended detached house of 128m², built sometime between 1991 and 1995. It was last sold for £610,000 in September 2021, which was around 32% below the average September 2021 detached price in the Dacorum local authority area. The most recent EPC inspection was June 2021, where the current energy rating was C, and the potential energy rating was B.

2 THE RHYMES Sold Prices

Land registry data shows five sales for 2 THE RHYMES since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Dacorum local authority area for the corresponding sale date. All of the five 2 THE RHYMES 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 30 SEP	£610,000	£891,324	32% below HPI
2008 15 MAY	£350,000	£539,311	35% below HPI
2004 28 JUN	£316,000	£428,964	26% below HPI
1998 13 AUG	£167,000	£223,511	25% below HPI
1996 4 NOV	£135,950	£166,300	18% below HPI

2 THE RHYMES 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 five 2 THE RHYMES sales between November 1996 and September 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 May 2008 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the September 2021 sale, where it rises to 32% below the HPI. The line then continues to track at 32% below the HPI.

How Large is 2 THE RHYMES?

2 THE RHYMES is 128m², which includes one extension, according to the EPC inspection conducted in June 2021. This puts it in the largest 50% 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 RHYMES lies on this distribution: 50% of detached houses are smaller than 2 THE RHYMES, and 49% of houses are larger. Note that EPC data is not available for all properties in Hemel Hempstead.

2 THE RHYMES: Plot and Title Map

2 THE RHYMES sits on a plot of roughly 0.066 of an acre, or 268m². The below map shows the location of 2 THE RHYMES, 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 RHYMES). 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 RHYMES?

2 THE RHYMES is located in HEMEL HEMPSTEAD, in the HP1 postcode district. The below map shows the position of No. 2 on THE RHYMES.