THE CEDARS, OLD CRABTREE LANE, HEMEL HEMPSTEAD, HP2 4JW - £330,000

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

THE CEDARS is a small detached house of 109m², built sometime between 2003 and 2006, which could now be worth an estimated £588,900. It was last sold for £330,000 in November 2012, which was around 36% below the average November 2012 detached price in the Dacorum local authority area. The most recent EPC inspection was July 2012, where the current energy rating was C, and the potential energy rating was B.

THE CEDARS Sold Prices

Land registry data shows three sales for THE CEDARS 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 THE CEDARS 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
2012 1 NOV	£330,000	£516,101	36% below HPI
2003 2 DEC	£298,000	£390,840	24% below HPI
2000 16 MAY	£125,000	£277,051	55% below HPI

THE CEDARS 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 THE CEDARS sales between May 2000 and November 2012 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 December 2003 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the November 2012 sale, where it falls to 36% below the HPI. The line then continues to track at 36% below the HPI.

What might THE CEDARS be worth now?

THE CEDARS might now be worth an estimated £588,900.

This is based on house price inflation of 78.5%, between November 2012 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 78.5% inflationary increase is applied to the most recent sale price for THE CEDARS of £330,000 on 1st November 2012. For the value to have increased from £330,000 to £588,900 over the thirteen years and nine months to February 2025, the following assumptions must hold true:

• The value of THE CEDARS has moved in line with the HPI for detached houses in the Dacorum local authority area.
• The November 2012 sale price of £330,000 represented a fair market value for the property.
• The size, condition, and specification of THE CEDARS has not materially changed since November 2012.

How Large is THE CEDARS?

THE CEDARS is 109m² according to the EPC inspection conducted in July 2012. This puts it in the smallest 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 THE CEDARS lies on this distribution: 30% of detached houses houses are smaller than THE CEDARS, and 69% of houses are larger. Note that EPC data is not available for all properties in Hemel Hempstead.

THE CEDARS: Plot and Title Map

THE CEDARS sits on a plot of roughly 0.040 of an acre, or 162m². The below map shows the location of THE CEDARS, 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 THE CEDARS). 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 THE CEDARS?

THE CEDARS is located on OLD CRABTREE LANE in HEMEL HEMPSTEAD, in the HP2 postcode district. The below map shows the position of THE CEDARS on OLD CRABTREE LANE.