3, THE RHYMES, HEMEL HEMPSTEAD, HP1 3JR - £645,000

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.

3 THE RHYMES is a large detached house of 141m², built sometime between 1991 and 1995, which could now be worth an estimated £727,707. It was last sold for £645,000 in June 2021, which was around 21% below the average June 2021 detached price in the Dacorum local authority area. The most recent EPC inspection was May 2011, where the current energy rating was D, and the potential energy rating was C.

3 THE RHYMES Sold Prices

Land registry data shows four sales for 3 THE RHYMES since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Dacorum local authority area for the corresponding sale date. Most of the four 3 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 JUN	£645,000	£816,329	21% below HPI
2004 22 JUN	£365,000	£406,573	10% below HPI
2000 10 MAR	£245,000	£260,985	6% below HPI
1996 22 AUG	£169,950	£155,179	10% above HPI

3 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 four 3 THE RHYMES sales between August 1996 and June 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 June 2004 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the June 2021 sale, where it falls to 21% below the HPI. The line then continues to track at 21% below the HPI.

What might 3 THE RHYMES be worth now?

3 THE RHYMES might now be worth an estimated £727,707.

This is based on house price inflation of 12.8%, between June 2021 and February 2025, for 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 12.8% inflationary increase is applied to the most recent sale price for 3 THE RHYMES of £645,000 on 30th June 2021. For the value to have increased from £645,000 to £727,707 over the four years and four months to February 2025, the following assumptions must hold true:

• The value of 3 THE RHYMES has moved in line with the HPI for detached houses in the Dacorum local authority area.
• The June 2021 sale price of £645,000 represented a fair market value for the property.
• The size, condition, and specification of 3 THE RHYMES has not materially changed since June 2021.

How Large is 3 THE RHYMES?

3 THE RHYMES is 141m² according to the EPC inspection conducted in May 2011. This puts it in the largest 40% of detached houses houses in Hemel Hempstead, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hemel Hempstead, and where 3 THE RHYMES lies on this distribution: 62% of detached houses houses are smaller than 3 THE RHYMES, and 38% of houses are larger. Note that EPC data is not available for all properties in Hemel Hempstead.

3 THE RHYMES: Plot and Title Map

3 THE RHYMES sits on a plot of roughly 0.103 of an acre, or 417m². The below map shows the location of 3 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 3 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 3 THE RHYMES?

3 THE RHYMES is located in HEMEL HEMPSTEAD, in the HP1 postcode district. The below map shows the position of No. 3 on THE RHYMES.