7, BANK MILL, BERKHAMSTED, HP4 2ER - £477,500

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

7 BANK MILL is a small detached house of 131m², built sometime between 1950 and 1966, which could now be worth an estimated £602,354. It was last sold for £477,500 in April 2016, which was around 35% below the average April 2016 detached price in the Dacorum local authority area. The most recent EPC inspection was October 2014, where the current energy rating was D, and the potential energy rating was C.

7 BANK MILL Sold Prices

Land registry data shows four sales for 7 BANK MILL 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 7 BANK MILL 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
2016 22 APR	£477,500	£730,102	35% below HPI
2008 1 FEB	£395,000	£514,931	23% below HPI
2000 26 MAY	£175,000	£277,051	37% below HPI
1997 17 JAN	£105,000	£161,058	35% below HPI

7 BANK MILL 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 7 BANK MILL sales between January 1997 and April 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 February 2008 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the April 2016 sale, where it falls to 35% below the HPI. The line then continues to track at 35% below the HPI.

What might 7 BANK MILL be worth now?

7 BANK MILL might now be worth an estimated £602,354.

This is based on house price inflation of 26.1%, between April 2016 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 26.1% inflationary increase is applied to the most recent sale price for 7 BANK MILL of £477,500 on 22nd April 2016. For the value to have increased from £477,500 to £602,354 over the nine years and two months to February 2025, the following assumptions must hold true:

• The value of 7 BANK MILL has moved in line with the HPI for detached houses in the Dacorum local authority area.
• The April 2016 sale price of £477,500 represented a fair market value for the property.
• The size, condition, and specification of 7 BANK MILL has not materially changed since April 2016.

How Large is 7 BANK MILL?

7 BANK MILL is 131m² according to the EPC inspection conducted in October 2014. This puts it in the smallest 40% of detached houses houses in Berkhamsted, based on EPC data. The below chart shows the distribution of detached houses houses by size in Berkhamsted, and where 7 BANK MILL lies on this distribution: 35% of detached houses houses are smaller than 7 BANK MILL, and 65% of houses are larger. Note that EPC data is not available for all properties in Berkhamsted.

7 BANK MILL: Plot and Title Map

7 BANK MILL sits on a plot of roughly 0.087 of an acre, or 352m². The below map shows the location of 7 BANK MILL, 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 7 BANK MILL). 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 7 BANK MILL?

7 BANK MILL is located in BERKHAMSTED, in the HP4 postcode district. The below map shows the position of No. 7 on BANK MILL.