241A, HEMPSTEAD ROAD, WATFORD, WD17 3HH - £690,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

241A HEMPSTEAD ROAD is a small detached house of 112m², built sometime from 2007 onwards. It was last sold for £690,000 in August 2016, which was around 14% below the average August 2016 detached price in the Watford local authority area. The most recent EPC inspection was May 2016, where the current energy rating was C, and the potential energy rating was B.

241A HEMPSTEAD ROAD Sold Prices

Land registry data shows two sales for 241A HEMPSTEAD ROAD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Watford local authority area for the corresponding sale date. One of the two 241A HEMPSTEAD ROAD sales was for below the average price, whilst the other was 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
2016 19 AUG	£690,000	£800,969	14% below HPI
2014 10 JAN	£560,000	£542,298	3% above HPI

241A HEMPSTEAD ROAD Price Paid vs. HPI Average

The below graph shows the average detached house price in the Watford local authority area over time, sourced from the HPI. The two 241A HEMPSTEAD ROAD sales from January 2014 and August 2016 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 January 2014 sale was for 3% above the HPI. So the extrapolation line tracks at 3% above the HPI over time, until the August 2016 sale, where it falls to 14% below the HPI. The line then continues to track at 14% below the HPI.

What might 241A HEMPSTEAD ROAD be worth now?

241A HEMPSTEAD ROAD might now be worth an estimated £764,234.

This is based on house price inflation of 10.8%, between August 2016 and December 2024, for detached houses, in the Watford local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 10.8% inflationary increase is applied to the most recent sale price for 241A HEMPSTEAD ROAD of £690,000 on 19th August 2016. For the value to have increased from £690,000 to £764,234 over the seven years and eight months to December 2024, the following assumptions must hold true:

• The value of 241A HEMPSTEAD ROAD has moved in line with the HPI for detached houses in the Watford local authority area.
• The August 2016 sale price of £690,000 represented a fair market value for the property.
• The size, condition, and specification of 241A HEMPSTEAD ROAD has not materially changed since August 2016.

How Large is 241A HEMPSTEAD ROAD?

241A HEMPSTEAD ROAD is 112m² according to the EPC inspection conducted in May 2016. This puts it in the smallest 30% of detached houses houses in Watford, based on EPC data. The below chart shows the distribution of detached houses houses by size in Watford, and where 241A HEMPSTEAD ROAD lies on this distribution: 28% of detached houses houses are smaller than 241A HEMPSTEAD ROAD, and 71% of houses are larger. Note that EPC data is not available for all properties in Watford.

241A HEMPSTEAD ROAD: Plot and Title Map

241A HEMPSTEAD ROAD sits on a plot of roughly 0.170 of an acre, or 688m². The below map shows the location of 241A HEMPSTEAD ROAD, 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 241A HEMPSTEAD ROAD). 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 241A HEMPSTEAD ROAD?

241A HEMPSTEAD ROAD is located in WATFORD, in the WD17 postcode district. The below map shows the position of No. 241A on HEMPSTEAD ROAD.