SPRINGWOOD, BURY RISE, HEMEL HEMPSTEAD, HP3 0DN - £1,400,000

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

SPRINGWOOD is a very large extended detached house of 219m², built sometime between 1950 and 1966, which could now be worth an estimated £1,426,807. It was last sold for £1,400,000 in August 2022, which was around 54% above the average August 2022 detached price in the Dacorum local authority area. The most recent EPC inspection was June 2014, where the current energy rating was D, and the potential energy rating was C.

SPRINGWOOD Sold Prices

Land registry data shows two sales for SPRINGWOOD 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 SPRINGWOOD sales were for above 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
2022 8 AUG	£1,400,000	£908,667	54% above HPI
2015 24 MAR	£995,000	£625,800	59% above HPI

SPRINGWOOD 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 SPRINGWOOD sales from March 2015 and August 2022 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 March 2015 sale was for 59% above the HPI. So the extrapolation line tracks at 59% above the HPI over time, until the August 2022 sale, where it falls to 54% above the HPI. The line then continues to track at 54% above the HPI.

What might SPRINGWOOD be worth now?

SPRINGWOOD might now be worth an estimated £1,426,807.

This is based on house price inflation of 1.9%, between August 2022 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 1.9% inflationary increase is applied to the most recent sale price for SPRINGWOOD of £1,400,000 on 8th August 2022. For the value to have increased from £1,400,000 to £1,426,807 over the one year and eight months to December 2024, the following assumptions must hold true:

• The value of SPRINGWOOD has moved in line with the HPI for detached houses in the Dacorum local authority area.
• The August 2022 sale price of £1,400,000 represented a fair market value for the property.
• The size, condition, and specification of SPRINGWOOD has not materially changed since August 2022.

How Large is SPRINGWOOD?

SPRINGWOOD is 219m², which includes two extensions, according to the EPC inspection conducted in June 2014. This puts it in the largest 10% 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 SPRINGWOOD lies on this distribution: 92% of detached houses houses are smaller than SPRINGWOOD, and 8% of houses are larger. Note that EPC data is not available for all properties in Hemel Hempstead.

SPRINGWOOD: Plot and Title Map

SPRINGWOOD sits on a plot of roughly 0.330 of an acre, or 1,334m². The below map shows the location of SPRINGWOOD, 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 SPRINGWOOD). 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 SPRINGWOOD?

SPRINGWOOD is located on BURY RISE in HEMEL HEMPSTEAD, in the HP3 postcode district. The below map shows the position of SPRINGWOOD on BURY RISE.