6, NICHOLAS WAY, HEMEL HEMPSTEAD, HP2 5JH - £650,000

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

6 NICHOLAS WAY is a very large extended detached house of 176m², built sometime between 1950 and 1966, which could now be worth an estimated £783,667. It was last sold for £650,000 in April 2019, which was around 15% below the average April 2019 detached price in the Dacorum local authority area. The most recent EPC inspection was October 2009, where the current energy rating was D, and the potential energy rating was D.

6 NICHOLAS WAY Sold Prices

Land registry data shows three sales for 6 NICHOLAS WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Dacorum local authority area for the corresponding sale date. One of the three 6 NICHOLAS WAY sales was for below the average price, whilst two were 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
2019 11 APR	£650,000	£763,913	15% below HPI
2010 12 FEB	£474,500	£468,881	1% above HPI
1996 16 SEP	£172,000	£158,383	9% above HPI

6 NICHOLAS WAY 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 three 6 NICHOLAS WAY sales between September 1996 and April 2019 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 February 2010 sale was for 1% above the HPI. So the extrapolation line tracks at 1% above the HPI over time, until the April 2019 sale, where it falls to 15% below the HPI. The line then continues to track at 15% below the HPI.

What might 6 NICHOLAS WAY be worth now?

6 NICHOLAS WAY might now be worth an estimated £783,667.

This is based on house price inflation of 20.6%, between April 2019 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 20.6% inflationary increase is applied to the most recent sale price for 6 NICHOLAS WAY of £650,000 on 11th April 2019. For the value to have increased from £650,000 to £783,667 over the six years and two months to February 2025, the following assumptions must hold true:

• The value of 6 NICHOLAS WAY has moved in line with the HPI for detached houses in the Dacorum local authority area.
• The April 2019 sale price of £650,000 represented a fair market value for the property.
• The size, condition, and specification of 6 NICHOLAS WAY has not materially changed since April 2019.

How Large is 6 NICHOLAS WAY?

6 NICHOLAS WAY is 176m², which includes one extension, according to the EPC inspection conducted in October 2009. This puts it in the largest 20% 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 6 NICHOLAS WAY lies on this distribution: 81% of detached houses houses are smaller than 6 NICHOLAS WAY, and 19% of houses are larger. Note that EPC data is not available for all properties in Hemel Hempstead.

6 NICHOLAS WAY: Plot and Title Map

6 NICHOLAS WAY sits on a plot of roughly 0.121 of an acre, or 488m². The below map shows the location of 6 NICHOLAS WAY, 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 6 NICHOLAS WAY). 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 6 NICHOLAS WAY?

6 NICHOLAS WAY is located in HEMEL HEMPSTEAD, in the HP2 postcode district. The below map shows the position of No. 6 on NICHOLAS WAY.