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House Prices in HP1 House Prices in HP1 (Hemel Hempstead)

The average house price in HP1 (Hemel Hempstead) is £499,583 using HM Land Registry data.

The average property price increased by £59,190 (17.8%) over the last 5 years and increased by £11,857 (2.84%) over the last 12 months.

Over the last year, there were 230 residential property sales – a decrease of 137 transactions (-59.57%) relative to the previous year. The majority of house sales (59) were in the £322,000 - £414,000 range. Then came properties in the £414,000 - £506,000 range, where 47 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 145 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-14,074 (-2%).

In January 2025, there were 56 new estate agency instructions, 33 agreed home sales and 46 property price reductions.

Nearby Postcodes: AL2, AL3, HP10, HP11, HP12, HP13, HP14, HP15, HP16, HP17, HP18, HP19, HP2, HP20, HP21, HP22, HP23, HP27, HP3, HP4, HP5, HP6, HP7, HP9, LU6, LU7, MK18, OX25, OX27, OX33, OX39, OX49, OX5, OX9, RG9, SL1, SL6, SL7, SL8, WD3, WD4, WD5

5-Year Average Property Prices in HP1 (Hemel Hempstead)

17.8%

Property prices in HP1 (Hemel Hempstead) increased by 17.8% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in HP1 (Hemel Hempstead) Over the Last Year

2.84%

Property prices in HP1 (Hemel Hempstead) increased by 2.84% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Property Market Heat Gauge for HP1 (Hemel Hempstead) - January 2025

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in HP1 (Hemel Hempstead)

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in HP1 (Hemel Hempstead)

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in HP1 (Hemel Hempstead)

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the HP1 (Hemel Hempstead) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the HP1 postcode area since 1995.

Recent Sales in HP1 (Hemel Hempstead)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
8 Whitebroom Road, Hemel Hempstead, Hertfordshire, HP1 3PU£400,000£392,500-£7,50001 Jun 202409 Dec 2024191 Days
20 Damask Green, Hemel Hempstead, Hertfordshire, HP1 2HH£280,000£277,000-£3,00015 May 202428 Nov 2024197 Days
35 Wood View, Hemel Hempstead, Hertfordshire, HP1 3HP£390,000£380,000-£10,00017 Jun 202408 Nov 2024144 Days
24 Ripley Way, Hemel Hempstead, Hertfordshire, HP1 2ND£375,000£365,000-£10,00024 Apr 202401 Nov 2024191 Days
1 The Rhymes, Hemel Hempstead, Hertfordshire, HP1 3JR£650,000£645,000-£5,00019 Apr 202430 Oct 2024194 Days
29 The Coltsfoot, Hemel Hempstead, Hertfordshire, HP1 2DF£500,000£415,000-£85,00026 Apr 202425 Oct 2024182 Days
14 Rosewood Court, Hemel Hempstead, Hertfordshire, HP1 2TQ£240,000£240,000£002 Jul 202422 Oct 2024112 Days
8 Robinsfield, Hemel Hempstead, Hertfordshire, HP1 1RW£730,000£720,000-£10,00008 Jun 202418 Oct 2024132 Days
Flat 6, Gadebridge Court, Warners End Road, Hemel Hempstead, Hertfordshire, HP1 3DP£290,000£285,000-£5,00007 May 202411 Oct 2024157 Days
12 Hetchleys, Hemel Hempstead, Hertfordshire, HP1 3NX£375,000£355,000-£20,00016 Feb 202407 Aug 2024173 Days
7 Sundew Road, Hemel Hempstead, Hertfordshire, HP1 2DQ£685,000£670,000-£15,00011 Mar 202431 Jul 2024142 Days
6 Peartree Road, Hemel Hempstead, Hertfordshire, HP1 3QN£485,000£470,000-£15,00010 Jan 202331 Jul 2024568 Days
24 Poets Chase, Hemel Hempstead, Hertfordshire, HP1 3RN£625,000£610,000-£15,00027 Mar 202429 Jul 2024124 Days
63 Long Arrotts, Hemel Hempstead, Hertfordshire, HP1 3EX£330,000£315,000-£15,00006 Dec 202326 Jul 2024233 Days
42 The Pastures, Hemel Hempstead, Hertfordshire, HP1 2TN£240,000£237,000-£3,00001 May 202419 Jul 202479 Days
23 St Johns Road, Hemel Hempstead, Hertfordshire, HP1 1QF£390,000£377,000-£13,00031 Jan 202428 Jun 2024149 Days
42 Wrensfield, Hemel Hempstead, Hertfordshire, HP1 1RP£925,000£917,500-£7,50002 Feb 202420 Jun 2024139 Days
23 Cardy Road, Hemel Hempstead, Hertfordshire, HP1 1RL£675,000£675,000£001 Feb 202407 Jun 2024127 Days
54 Coles Hill, Hemel Hempstead, Hertfordshire, HP1 3JW£340,000£337,500-£2,50030 Oct 202303 Jun 2024217 Days
45 Sunnyhill Road, Hemel Hempstead, Hertfordshire, HP1 1SZ£400,000£393,000-£7,00012 Feb 202431 May 2024109 Days

Most Expensive Streets in HP1 (Hemel Hempstead)

PostcodeStreetAreaAverageNo. of Sales
HP1 3DQNettleden Road, NettledenHemel Hempstead£1,257,0003
HP1 3BZSt Margarets, Great GaddesdenHemel Hempstead£1,064,1005
HP1 1RRGullbrookHemel Hempstead£955,0003
HP1 1NHMoorland RoadHemel Hempstead£900,8405
HP1 1RTGreen End RoadHemel Hempstead£870,0003
HP1 2RJLondon RoadHemel Hempstead£868,3333
HP1 1RPWrensfieldHemel Hempstead£850,6254
HP1 1NJCangels CloseHemel Hempstead£849,0005
HP1 1NBFishery RoadHemel Hempstead£806,8754
HP1 1SAGravel LaneHemel Hempstead£803,7504

Least Expensive Streets in HP1 (Hemel Hempstead)

PostcodeStreetAreaAverageNo. of Sales
HP1 1DZFareham House, MarlowesHemel Hempstead£115,9124
HP1 1UFGadeview, CotterellsHemel Hempstead£138,5005
HP1 1UBThe CornfieldsHemel Hempstead£183,7503
HP1 1SHAldwyck Court, Leighton Buzzard RoadHemel Hempstead£189,3333
HP1 1UAThe CornfieldsHemel Hempstead£196,0005
HP1 1ATKd Tower, CotterellsHemel Hempstead£199,2504
HP1 1HZHeath Park House, CotterellsHemel Hempstead£201,7504
HP1 2AFNorthridge WayHemel Hempstead£214,8754
HP1 1SYBury Court, Bury GreenHemel Hempstead£214,9984
HP1 3HSWood ViewHemel Hempstead£220,6254

Explore HP1 (Hemel Hempstead) using map

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