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

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.

7 FARM WAY is a large extended detached house of 148m², built sometime between 2007 and 2011, which could now be worth an estimated £663,398. It was last sold for £588,000 in June 2021, which was around 28% 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	£816,329	28% below HPI
2009 14 OCT	£380,000	£450,082	16% 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 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the June 2021 sale, where it falls to 28% below the HPI. The line then continues to track at 28% below the HPI.

What might 7 FARM WAY be worth now?

7 FARM WAY might now be worth an estimated £663,398.

This is based on house price inflation of 12.8%, between June 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 12.8% inflationary increase is applied to the most recent sale price for 7 FARM WAY of £588,000 on 3rd June 2021. For the value to have increased from £588,000 to £663,398 over the four years and four months to February 2025, the following assumptions must hold true:

• The value of 7 FARM WAY has moved in line with the HPI for detached houses in the Dacorum local authority area.
• The June 2021 sale price of £588,000 represented a fair market value for the property.
• The size, condition, and specification of 7 FARM WAY has not materially changed since June 2021.

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 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 7 FARM WAY lies on this distribution: 66% of detached houses 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.