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

The average house price in HP3 (Hemel Hempstead) is £519,745 using HM Land Registry data.

The average property price increased by £31,018 (22.47%) over the last 5 years and increased by £6,215 (3.47%) over the last 12 months.

Over the last year, there were 310 residential property sales – a decrease of 63 transactions (-20.32%) relative to the previous year. The majority of house sales (66) were in the £334,000 - £438,000 range. Then came properties in the £438,000 - £542,000 range, where 60 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 178 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-19,607 (-3%).

In February 2025, there were 72 new estate agency instructions, 60 agreed home sales and 39 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 HP3 (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 HP3 (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) - February 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 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
296 Belswains Lane, Hemel Hempstead, Hertfordshire, HP3 9XE£425,000£425,000£023 Jan 201827 Jan 20252561 Days
71 The Horseshoe, Hemel Hempstead, Hertfordshire, HP3 8QS£630,000£615,000-£15,00003 Oct 202421 Jan 2025110 Days
39 Dowling Court, Hemel Hempstead, Hertfordshire, HP3 9NF£465,000£450,000-£15,00013 Apr 202420 Jan 2025282 Days
12 Barnacres Road, Hemel Hempstead, Hertfordshire, HP3 8HS£400,000£400,000£017 Jan 202217 Jan 20251096 Days
Little Heath House, Sheethanger Lane, Felden, Hemel Hempstead, Hertfordshire, HP3 0BG£1,995,000£1,750,000-£245,00017 May 202410 Jan 2025238 Days
6 New Hall Close, Bovingdon, Hemel Hempstead, Hertfordshire, HP3 0HD£575,000£550,000-£25,00005 Jul 202410 Jan 2025189 Days
Flat 2, Barge House, Evans Wharf, Hemel Hempstead, Hertfordshire, HP3 9WE£230,000£218,000-£12,00011 Sep 202410 Jan 2025121 Days
56 Chesham Road, Bovingdon, Hemel Hempstead, Hertfordshire, HP3 0EA£475,000£460,000-£15,00020 Sep 202410 Jan 2025112 Days
33 Oliver Road, Hemel Hempstead, Hertfordshire, HP3 9PY£550,000£545,000-£5,00025 Sep 202418 Dec 202484 Days
3 Lamsey Road, Hemel Hempstead, Hertfordshire, HP3 9HB£500,000£485,000-£15,00028 Aug 202418 Dec 2024112 Days
92 Rant Meadow, Hemel Hempstead, Hertfordshire, HP3 8PQ£525,000£495,000-£30,00029 Jul 202413 Dec 2024137 Days
33 Market Oak Lane, Hemel Hempstead, Hertfordshire, HP3 8JN£500,000£496,000-£4,00014 Sep 202406 Dec 202483 Days
9 Athelstan Road, Hemel Hempstead, Hertfordshire, HP3 9QE£550,000£545,500-£4,50003 Sep 202406 Dec 202494 Days
Flat 26, Willow Court, Ebberns Road, Hemel Hempstead, Hertfordshire, HP3 9HE£280,000£276,000-£4,00011 Jun 202429 Nov 2024171 Days
19 Woodlands Road, Nash Mills, Hemel Hempstead, Hertfordshire, HP3 8RZ£575,000£560,000-£15,00002 May 202429 Nov 2024211 Days
8 The Sycamores, Hemel Hempstead, Hertfordshire, HP3 0LL£799,950£745,000-£54,95030 Jul 202429 Nov 2024122 Days
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£002 Feb 202406 Nov 2024278 Days
5 High Street, Bovingdon, Hemel Hempstead, Hertfordshire, HP3 0HG£375,000£370,000-£5,00025 Jun 202406 Nov 2024134 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£1,327,3336
HP3 0BPBulstrode Lane, FeldenHemel Hempstead£1,308,3333
HP3 0BBFelden Lane, FeldenHemel Hempstead£1,276,0005
HP3 0BZRoefields Close, FeldenHemel Hempstead£1,271,2504
HP3 0DGCopper Beech CloseHemel Hempstead£1,133,0005

Least Expensive Streets in HP3 (Hemel Hempstead)

PostcodeStreetAreaAverageNo. of Sales
HP3 9GYBasildon Court, Croxley RoadHemel Hempstead£134,1663
HP3 0QUBovingdon Court, Windsor CloseHemel Hempstead£180,54915
HP3 9ETFern DriveHemel Hempstead£184,0004
HP3 8DZBennetts End RoadHemel Hempstead£188,0836
HP3 9NEOram PlaceHemel Hempstead£195,3336
HP3 0DAHonours Mead, BovingdonHemel Hempstead£205,0836
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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