ALBUHERA, KING EDWARD STREET, HEMEL HEMPSTEAD, HP3 0AD - £497,500

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

ALBUHERA is a midsized extended detached house of 119m², built sometime between 1900 and 1929, which could now be worth an estimated £616,641. It was last sold for £497,500 in July 2016, which was around 33% below the average July 2016 detached price in the Dacorum local authority area. The most recent EPC inspection was March 2015, where the current energy rating was E, and the potential energy rating was C.

ALBUHERA Sold Prices

Land registry data shows two sales for ALBUHERA 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 ALBUHERA 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 21 JUL	£497,500	£747,141	33% below HPI
1999 8 JAN	£172,500	£214,503	20% below HPI

ALBUHERA 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 ALBUHERA sales from January 1999 and July 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 January 1999 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the July 2016 sale, where it falls to 33% below the HPI. The line then continues to track at 33% below the HPI.

What might ALBUHERA be worth now?

ALBUHERA might now be worth an estimated £616,641.

This is based on house price inflation of 23.9%, between July 2016 and December 2024, 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 23.9% inflationary increase is applied to the most recent sale price for ALBUHERA of £497,500 on 21st July 2016. For the value to have increased from £497,500 to £616,641 over the seven years and seven months to December 2024, the following assumptions must hold true:

• The value of ALBUHERA has moved in line with the HPI for detached houses in the Dacorum local authority area.
• The July 2016 sale price of £497,500 represented a fair market value for the property.
• The size, condition, and specification of ALBUHERA has not materially changed since July 2016.

How Large is ALBUHERA?

ALBUHERA is 119m², which includes one extension, according to the EPC inspection conducted in March 2015. This puts it in the smallest 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 ALBUHERA lies on this distribution: 41% of detached houses houses are smaller than ALBUHERA, and 58% of houses are larger. Note that EPC data is not available for all properties in Hemel Hempstead.

ALBUHERA: Plot and Title Map

ALBUHERA sits on a plot of roughly 0.079 of an acre, or 319m². The below map shows the location of ALBUHERA, 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 ALBUHERA). 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 ALBUHERA?

ALBUHERA is located on KING EDWARD STREET in HEMEL HEMPSTEAD, in the HP3 postcode district. The below map shows the position of ALBUHERA on KING EDWARD STREET.