40, PANCAKE LANE, HEMEL HEMPSTEAD, HP2 4NQ - £615,000

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

40 PANCAKE LANE is a midsized extended semi-detached house of 128m², built sometime between 1930 and 1949. It was last sold for £615,000 in January 2018, which was around 24% below the average January 2018 detached price in the Dacorum local authority area. The most recent EPC inspection was May 2013, where the current energy rating was D, and the potential energy rating was B.

40 PANCAKE LANE Sold Prices

Land registry data shows four sales for 40 PANCAKE LANE 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. All of the four 40 PANCAKE LANE 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
2018 2 JAN	£615,000	£814,087	24% below HPI
2014 30 OCT	£560,000	£647,720	14% below HPI
2002 25 OCT	£249,999	£398,052	37% below HPI
1997 27 OCT	£159,950	£197,306	19% below HPI

40 PANCAKE LANE 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 40 PANCAKE LANE sales between October 1997 and January 2018 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 October 2014 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the January 2018 sale, where it falls to 24% below the HPI. The line then continues to track at 24% below the HPI.

How Large is 40 PANCAKE LANE?

40 PANCAKE LANE is 128m², which includes two extensions, according to the EPC inspection conducted in May 2013. 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 40 PANCAKE LANE lies on this distribution: 50% of detached houses are smaller than 40 PANCAKE LANE, and 49% of houses are larger. Note that EPC data is not available for all properties in Hemel Hempstead.

40 PANCAKE LANE: Plot and Title Map

40 PANCAKE LANE sits on a plot of roughly 0.134 of an acre, or 543m². The below map shows the location of 40 PANCAKE LANE, 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 40 PANCAKE LANE). 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 40 PANCAKE LANE?

40 PANCAKE LANE is located in HEMEL HEMPSTEAD, in the HP2 postcode district. The below map shows the position of No. 40 on PANCAKE LANE.