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

The average house price in HP3 (Hemel Hempstead) is £446,552 using HM Land Registry data.

The average property price increased by £44,498 (22.47%) over the last 5 years and increased by £8,916 (3.47%) over the last 12 months.

Over the last year, there were 297 residential property sales – a decrease of 101 transactions (-34.01%) relative to the previous year. The majority of house sales (67) were in the £330,000 - £430,000 range. Then came properties in the £430,000 - £530,000 range, where 60 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 120 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-19,376 (-3%).

In Dec 24, there were 39 new estate agency instructions, 30 agreed home sales and 26 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) - Dec 24

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 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
56 Ebberns Road, Hemel Hempstead, Hertfordshire, HP3 9QR£500,000£487,500-£12,50015 Jul 202408 Nov 2024116 Days
16 St Anthonys Avenue, Hemel Hempstead, Hertfordshire, HP3 8HQ£850,000£825,000-£25,00028 Mar 202406 Nov 2024223 Days
4 Johnson Court, Hemel Hempstead, Hertfordshire, HP3 9JT£475,000£475,000£0002 Feb 202406 Nov 2024278 Days
13 Fairway, Hemel Hempstead, Hertfordshire, HP3 9TP£485,000£455,000-£30,00028 May 202401 Nov 2024157 Days
57 Barnfield, Hemel Hempstead, Hertfordshire, HP3 9QJ£400,000£375,000-£25,00029 Apr 202425 Oct 2024179 Days
82a, Green Lane, Bovingdon, Hemel Hempstead, Hertfordshire, HP3 0LA£900,000£835,000-£65,00006 Jun 202422 Oct 2024138 Days
18 Austins Mead, Bovingdon, Hemel Hempstead, Hertfordshire, HP3 0JX£465,000£450,000-£15,00004 Apr 202423 Aug 2024141 Days
4 Kinderscout, Hemel Hempstead, Hertfordshire, HP3 8HW£800,000£800,000£0016 Feb 202409 Aug 2024175 Days
4 Katherine Close, Hemel Hempstead, Hertfordshire, HP3 9QT£260,000£255,000-£5,00020 Feb 202419 Jul 2024150 Days
Rose Cottage, Hogpits Bottom, Flaunden, Hemel Hempstead, Hertfordshire, HP3 0PX£1,350,000£1,330,000-£20,00011 Mar 202409 Jul 2024120 Days
84 Tile Kiln Lane, Hemel Hempstead, Hertfordshire, HP3 8NW£725,000£715,000-£10,00028 Mar 202405 Jul 202499 Days
31 Minoan Drive, Hemel Hempstead, Hertfordshire, HP3 9WA£279,950£273,000-£6,95001 Mar 202405 Jul 2024126 Days
Chilterns, Roughdown Villas Road, Hemel Hempstead, Hertfordshire, HP3 0AX£1,100,000£1,050,000-£50,00010 Jan 202402 Jul 2024174 Days
2a, Chambersbury Lane, Hemel Hempstead, Hertfordshire, HP3 8AY£600,000£597,500-£2,50011 Nov 202310 Jun 2024212 Days
37 High Ridge Road, Hemel Hempstead, Hertfordshire, HP3 0AU£1,100,000£1,070,000-£30,00029 Nov 202307 Jun 2024191 Days
20 Manorville Road, Hemel Hempstead, Hertfordshire, HP3 0AP£500,000£475,000-£25,00015 Dec 202329 May 2024166 Days
18 Chipperfield Road, Hemel Hempstead, Hertfordshire, HP3 0AH£750,000£725,000-£25,00009 Nov 202329 May 2024202 Days
72 Deaconsfield Road, Hemel Hempstead, Hertfordshire, HP3 9HZ£250,000£240,000-£10,00011 Jan 202429 May 2024139 Days
4 Fouracres Walk, Hemel Hempstead, Hertfordshire, HP3 9LB£500,000£497,500-£2,50008 Jan 202424 May 2024137 Days
71 London Road, Hemel Hempstead, Hertfordshire, HP3 9SP£415,000£415,000£0009 Nov 202313 May 2024186 Days

Most Expensive Streets in HP3 (Hemel Hempstead)

PostcodeStreetAreaAverageNo. of Sales
HP3 0BQSheethanger Lane, FeldenHemel Hempstead£1,621,0005
HP3 0DSHempstead Road, BovingdonHemel Hempstead£1,545,5004
HP3 0DJBox LaneHemel Hempstead£1,459,1427
HP3 8BZLongdean ParkHemel Hempstead£1,375,9166
HP3 0BGSheethanger Lane, FeldenHemel Hempstead£1,355,90010
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 0BBFelden Lane, FeldenHemel Hempstead£1,240,0006
HP3 0DGCopper Beech CloseHemel Hempstead£1,133,0005

Least Expensive Streets in HP3 (Hemel Hempstead)

PostcodeStreetAreaAverageNo. of Sales
HP3 9GYBasildon Court, Croxley RoadHemel Hempstead£122,5003
HP3 0QUBovingdon Court, Windsor CloseHemel Hempstead£176,87418
HP3 9ETFern DriveHemel Hempstead£185,3333
HP3 8DZBennetts End RoadHemel Hempstead£188,0836
HP3 9NEOram PlaceHemel Hempstead£195,3336
HP3 0DAHonours Mead, BovingdonHemel Hempstead£204,3577
HP3 9EUFern DriveHemel Hempstead£206,5559
HP3 8TEWestrayHemel Hempstead£214,9905
HP3 9QPRoyal CourtHemel Hempstead£216,4005
HP3 8TWNorthendHemel Hempstead£221,5003

Explore HP3 (Hemel Hempstead) using map

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