24, LOCKERS PARK LANE, HEMEL HEMPSTEAD, HP1 1TH - £675,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

24 LOCKERS PARK LANE is a midsized extended detached house of 121m², built sometime between 2003 and 2006, which could now be worth an estimated £773,613. It was last sold for £675,000 in February 2020, which was around 14% below the average February 2020 detached price in the Dacorum local authority area. The most recent EPC inspection was May 2019, where the current energy rating was C, and the potential energy rating was B.

24 LOCKERS PARK LANE Sold Prices

Land registry data shows three sales for 24 LOCKERS PARK LANE 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 24 LOCKERS PARK LANE 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
2020 4 FEB	£675,000	£784,656	14% below HPI
2009 29 OCT	£370,000	£450,082	18% below HPI
2006 10 FEB	£349,950	£412,980	15% below HPI

24 LOCKERS PARK LANE 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 24 LOCKERS PARK LANE sales between February 2006 and February 2020 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 October 2009 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the February 2020 sale, where it rises to 14% below the HPI. The line then continues to track at 14% below the HPI.

What might 24 LOCKERS PARK LANE be worth now?

24 LOCKERS PARK LANE might now be worth an estimated £773,613.

This is based on house price inflation of 14.6%, between February 2020 and March 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 14.6% inflationary increase is applied to the most recent sale price for 24 LOCKERS PARK LANE of £675,000 on 4th February 2020. For the value to have increased from £675,000 to £773,613 over the four years and eleven months to March 2025, the following assumptions must hold true:

• The value of 24 LOCKERS PARK LANE has moved in line with the HPI for detached houses in the Dacorum local authority area.
• The February 2020 sale price of £675,000 represented a fair market value for the property.
• The size, condition, and specification of 24 LOCKERS PARK LANE has not materially changed since February 2020.

How Large is 24 LOCKERS PARK LANE?

24 LOCKERS PARK LANE is 121m², which includes one extension, according to the EPC inspection conducted in May 2019. This puts it in the smallest 50% 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 24 LOCKERS PARK LANE lies on this distribution: 43% of detached houses houses are smaller than 24 LOCKERS PARK LANE, and 56% of houses are larger. Note that EPC data is not available for all properties in Hemel Hempstead.

24 LOCKERS PARK LANE: Plot and Title Map

24 LOCKERS PARK LANE sits on a plot of roughly 0.087 of an acre, or 351m². The below map shows the location of 24 LOCKERS PARK LANE, 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 24 LOCKERS PARK LANE). 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 24 LOCKERS PARK LANE?

24 LOCKERS PARK LANE is located in HEMEL HEMPSTEAD, in the HP1 postcode district. The below map shows the position of No. 24 on LOCKERS PARK LANE.