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House Prices in HP3 House Prices in HP3 (Hemel Hempstead)

The average house price in HP3 (Hemel Hempstead) is £510,888 using HM Land Registry data.

The average property price increased by £62,220 (22.47%) over the last 5 years and increased by £12,439 (3.47%) over the last 12 months.

Over the last year, there were 286 residential property sales – a decrease of 179 transactions (-62.59%) relative to the previous year. The majority of house sales (68) were in the £400,000 - £490,000 range. Then came properties in the £310,000 - £400,000 range, where 63 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 79 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-27,019 (-4%).

In June 2024, there were 72 new estate agency instructions, 48 agreed home sales and 40 property price reductions.

Nearby Postcodes: AL1, AL2, AL3, AL4, AL5, EN6, HA6, HP1, HP10, HP11, HP12, HP13, HP14, HP15, HP16, HP17, HP18, HP19, HP2, HP20, HP21, HP22, HP23, HP27, HP4, HP5, HP6, HP7, HP8, HP9, LU1, LU6, LU7, MK18, OX25, OX27, OX33, OX39, OX49, OX5, OX9, RG9, SL1, SL6, SL7, SL8, SL9, UB9, WD17, WD18, WD24, WD25, WD3, WD4, WD5, WD7

5-Year Average Property Prices in HP3 (Hemel Hempstead)

22.47%

Property prices in Hemel Hempstead increased by 22.47% 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 HP3 (Hemel Hempstead) Over the Last Year

3.47%

Property prices in Hemel Hempstead increased by 3.47% 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 HP3 (Hemel Hempstead) - June 2024

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 61 to 80 days, the broad evidence suggests a slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a market slowdown or a combination of both. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in some relisting the property at a later date). Others simply reduce the price to a level that will entice more buyer 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 HP3 (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 HP3 (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 HP3 (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 HP3 (Hemel Hempstead) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the HP3 postcode area since 1995.

Recent Sales in HP3 (Hemel Hempstead)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
2 The Mallards, Hemel Hempstead, Hertfordshire, HP3 9DP£700,000£685,000-£15,00015 Sep 202310 May 2024238 Days
1 Charlesworth Close, Hemel Hempstead, Hertfordshire, HP3 9EW£450,000£424,000-£26,00025 Sep 202326 Apr 2024214 Days
10 Nye Way, Bovingdon, Hemel Hempstead, Hertfordshire, HP3 0HX£500,000£462,500-£37,50024 Jul 202318 Apr 2024269 Days
4 Mulready Walk, Hemel Hempstead, Hertfordshire, HP3 9FS£550,000£540,000-£10,00022 Aug 202319 Mar 2024210 Days
11 Church Street, Bovingdon, Hemel Hempstead, Hertfordshire, HP3 0LU£375,000£375,000£0019 Oct 202318 Mar 2024151 Days
42 Pembridge Road, Bovingdon, Hemel Hempstead, Hertfordshire, HP3 0QN£725,000£715,000-£10,00024 May 202311 Mar 2024292 Days
57 St Albans Hill, Hemel Hempstead, Hertfordshire, HP3 9NQ£350,000£345,000-£5,00016 Aug 202306 Mar 2024203 Days
51 Austins Mead, Bovingdon, Hemel Hempstead, Hertfordshire, HP3 0LH£390,000£390,000£0012 Jun 202329 Feb 2024262 Days
6 Ranworth Close, Hemel Hempstead, Hertfordshire, HP3 9HG£450,000£445,000-£5,00020 Sep 202321 Feb 2024154 Days
7 Hyde Lane, Bovingdon, Hemel Hempstead, Hertfordshire, HP3 0EG£600,000£580,000-£20,00006 Sep 202315 Feb 2024162 Days
3 Hunters Close, Bovingdon, Hemel Hempstead, Hertfordshire, HP3 0NF£725,000£680,000-£45,00008 Nov 202314 Feb 202498 Days
19 Oak Street, Hemel Hempstead, Hertfordshire, HP3 9TT£400,000£388,000-£12,00011 Sep 202302 Feb 2024144 Days
112 Lawn Lane, Hemel Hempstead, Hertfordshire, HP3 9HS£375,000£355,000-£20,00029 Sep 202331 Jan 2024124 Days
7 Handa Close, Hemel Hempstead, Hertfordshire, HP3 8TR£390,000£370,000-£20,00016 Oct 202330 Jan 2024106 Days
17 St Albans Hill, Hemel Hempstead, Hertfordshire, HP3 9NG£585,000£560,000-£25,00021 Jul 202329 Jan 2024192 Days
34 Winifred Road, Hemel Hempstead, Hertfordshire, HP3 9DX£425,000£405,000-£20,00015 May 202322 Jan 2024252 Days
9 Horselers, Hemel Hempstead, Hertfordshire, HP3 9UH£500,000£499,500-£50014 Sep 202308 Jan 2024116 Days
86 Stephenson Wharf, Hemel Hempstead, Hertfordshire, HP3 9WY£315,000£310,000-£5,00004 Jul 202320 Dec 2023169 Days
27 Swan Mead, Hemel Hempstead, Hertfordshire, HP3 9DQ£510,000£500,000-£10,00030 Aug 202319 Dec 2023111 Days
2 Royal Court, Hemel Hempstead, Hertfordshire, HP3 9QP£375,000£365,000-£10,00014 Sep 202315 Dec 202392 Days

Most Expensive Streets in HP3 (Hemel Hempstead)

PostcodeStreetAreaAverageNo. of Sales
HP3 0BQSheethanger Lane, FeldenHemel Hempstead£1,526,6663
HP3 0DJBox LaneHemel Hempstead£1,459,1427
HP3 0DSHempstead Road, BovingdonHemel Hempstead£1,446,8005
HP3 8BZLongdean ParkHemel Hempstead£1,411,1005
HP3 0BGSheethanger Lane, FeldenHemel Hempstead£1,358,40010
HP3 0BUHighcroft Road, FeldenHemel Hempstead£1,334,0006
HP3 0BPBulstrode Lane, FeldenHemel Hempstead£1,308,3333
HP3 0BZRoefields Close, FeldenHemel Hempstead£1,271,2504
HP3 0DGCopper Beech CloseHemel Hempstead£1,133,0005
HP3 0NELong Lane, BovingdonHemel Hempstead£1,126,2504

Least Expensive Streets in HP3 (Hemel Hempstead)

PostcodeStreetAreaAverageNo. of Sales
HP3 9GYBasildon Court, Croxley RoadHemel Hempstead£122,5003
HP3 0QUBovingdon Court, Windsor CloseHemel Hempstead£185,31615
HP3 9ETFern DriveHemel Hempstead£185,3333
HP3 8DZBennetts End RoadHemel Hempstead£185,4287
HP3 9NEOram PlaceHemel Hempstead£195,4005
HP3 0DAHonours Mead, BovingdonHemel Hempstead£198,1878
HP3 9EUFern DriveHemel Hempstead£208,0008
HP3 9QPRoyal CourtHemel Hempstead£216,4005
HP3 8TEWestrayHemel Hempstead£218,7374
HP3 8TWNorthendHemel Hempstead£221,5003

Explore HP3 (Hemel Hempstead) using map

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