4, THE RHYMES, HEMEL HEMPSTEAD, HP1 3JR - £467,500

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.

4 THE RHYMES is a small extended detached house of 114m², built sometime between 1996 and 2002, which could now be worth an estimated £523,464. It was last sold for £467,500 in February 2021, which was around 43% below the average February 2021 detached price in the Dacorum local authority area. The most recent EPC inspection was November 2020, where the current energy rating was C, and the potential energy rating was B.

4 THE RHYMES Sold Prices

Land registry data shows two sales for 4 THE RHYMES 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 4 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 26 FEB	£467,500	£822,540	43% below HPI
1997 21 APR	£124,950	£165,319	24% below HPI

4 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 two 4 THE RHYMES sales from April 1997 and February 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 April 1997 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the February 2021 sale, where it falls to 43% below the HPI. The line then continues to track at 43% below the HPI.

What might 4 THE RHYMES be worth now?

4 THE RHYMES might now be worth an estimated £523,464.

This is based on house price inflation of 12%, between February 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% inflationary increase is applied to the most recent sale price for 4 THE RHYMES of £467,500 on 26th February 2021. For the value to have increased from £467,500 to £523,464 over the four years to February 2025, the following assumptions must hold true:

• The value of 4 THE RHYMES has moved in line with the HPI for detached houses in the Dacorum local authority area.
• The February 2021 sale price of £467,500 represented a fair market value for the property.
• The size, condition, and specification of 4 THE RHYMES has not materially changed since February 2021.

How Large is 4 THE RHYMES?

4 THE RHYMES is 114m², which includes two extensions, according to the EPC inspection conducted in November 2020. This puts it in the smallest 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 4 THE RHYMES lies on this distribution: 35% of detached houses houses are smaller than 4 THE RHYMES, and 64% of houses are larger. Note that EPC data is not available for all properties in Hemel Hempstead.

4 THE RHYMES: Plot and Title Map

4 THE RHYMES sits on a plot of roughly 0.062 of an acre, or 250m². The below map shows the location of 4 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 4 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 4 THE RHYMES?

4 THE RHYMES is located in HEMEL HEMPSTEAD, in the HP1 postcode district. The below map shows the position of No. 4 on THE RHYMES.