7, FARM WAY, HEMEL HEMPSTEAD, HP2 5WS - £588,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

7 FARM WAY is a large extended detached house of 148m², built sometime between 2007 and 2011. It was last sold for £588,000 in June 2021, which was around 32% below the average June 2021 detached price in the Dacorum local authority area. The most recent EPC inspection was September 2020, where the current energy rating was D, and the potential energy rating was C.

7 FARM WAY Sold Prices

Land registry data shows two sales for 7 FARM WAY 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 7 FARM WAY 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 3 JUN	£588,000	£861,286	32% below HPI
2009 14 OCT	£380,000	£474,869	20% below HPI

7 FARM 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 two 7 FARM WAY sales from October 2009 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 October 2009 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the June 2021 sale, where it falls to 32% below the HPI. The line then continues to track at 32% below the HPI.

How Large is 7 FARM WAY?

7 FARM WAY is 148m², which includes one extension, according to the EPC inspection conducted in September 2020. This puts it in the largest 40% 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 7 FARM WAY lies on this distribution: 67% of detached houses are smaller than 7 FARM WAY, and 33% of houses are larger. Note that EPC data is not available for all properties in Hemel Hempstead.

7 FARM WAY: Plot and Title Map

7 FARM WAY sits on a plot of roughly 0.060 of an acre, or 243m². The below map shows the location of 7 FARM 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 7 FARM 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 7 FARM WAY?

7 FARM WAY is located in HEMEL HEMPSTEAD, in the HP2 postcode district. The below map shows the position of No. 7 on FARM WAY.