7, NICHOLAS WAY, HEMEL HEMPSTEAD, HP2 5JH - £455,000

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

7 NICHOLAS WAY is a midsized extended detached house of 130m², built sometime between 1967 and 1975, which could now be worth an estimated £746,691. It was last sold for £455,000 in March 2014, which was around 19% below the average March 2014 detached price in the Dacorum local authority area. The most recent EPC inspection was May 2012, where the current energy rating was D, and the potential energy rating was B.

7 NICHOLAS WAY Sold Prices

Land registry data shows three sales for 7 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. All of the three 7 NICHOLAS 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
2014 14 MAR	£455,000	£561,219	19% below HPI
2006 28 JUL	£380,000	£435,290	13% below HPI
2004 29 JAN	£365,000	£391,876	7% below HPI

7 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 7 NICHOLAS WAY sales between January 2004 and March 2014 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 July 2006 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the March 2014 sale, where it falls to 19% below the HPI. The line then continues to track at 19% below the HPI.

What might 7 NICHOLAS WAY be worth now?

7 NICHOLAS WAY might now be worth an estimated £746,691.

This is based on house price inflation of 64.1%, between March 2014 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 64.1% inflationary increase is applied to the most recent sale price for 7 NICHOLAS WAY of £455,000 on 14th March 2014. For the value to have increased from £455,000 to £746,691 over the eleven years and one month to February 2025, the following assumptions must hold true:

• The value of 7 NICHOLAS WAY has moved in line with the HPI for detached houses in the Dacorum local authority area.
• The March 2014 sale price of £455,000 represented a fair market value for the property.
• The size, condition, and specification of 7 NICHOLAS WAY has not materially changed since March 2014.

How Large is 7 NICHOLAS WAY?

7 NICHOLAS WAY is 130m², which includes one extension, according to the EPC inspection conducted in May 2012. This puts it in the largest 50% 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 NICHOLAS WAY lies on this distribution: 52% of detached houses houses are smaller than 7 NICHOLAS WAY, and 47% of houses are larger. Note that EPC data is not available for all properties in Hemel Hempstead.

7 NICHOLAS WAY: Plot and Title Map

7 NICHOLAS WAY sits on a plot of roughly 0.102 of an acre, or 411m². The below map shows the location of 7 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 7 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 7 NICHOLAS WAY?

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