3, LYRICAL WAY, HEMEL HEMPSTEAD, HP1 3HZ - £570,000

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.

3 LYRICAL WAY is a small detached house of 106m², built sometime between 1991 and 1995, which could now be worth an estimated £680,939. It was last sold for £570,000 in July 2017, which was around 26% below the average July 2017 detached price in the Dacorum local authority area. The most recent EPC inspection was February 2017, where the current energy rating was C, and the potential energy rating was B.

3 LYRICAL WAY Sold Prices

Land registry data shows three sales for 3 LYRICAL WAY 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 3 LYRICAL WAY 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
2017 13 JUL	£570,000	£770,954	26% below HPI
2006 31 MAR	£335,000	£418,731	20% below HPI
1996 30 AUG	£149,450	£155,179	4% below HPI

3 LYRICAL WAY 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 3 LYRICAL WAY sales between August 1996 and July 2017 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 March 2006 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the July 2017 sale, where it falls to 26% below the HPI. The line then continues to track at 26% below the HPI.

What might 3 LYRICAL WAY be worth now?

3 LYRICAL WAY might now be worth an estimated £680,939.

This is based on house price inflation of 19.5%, between July 2017 and February 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 19.5% inflationary increase is applied to the most recent sale price for 3 LYRICAL WAY of £570,000 on 13th July 2017. For the value to have increased from £570,000 to £680,939 over the eight years and five months to February 2025, the following assumptions must hold true:

• The value of 3 LYRICAL WAY has moved in line with the HPI for detached houses in the Dacorum local authority area.
• The July 2017 sale price of £570,000 represented a fair market value for the property.
• The size, condition, and specification of 3 LYRICAL WAY has not materially changed since July 2017.

How Large is 3 LYRICAL WAY?

3 LYRICAL WAY is 106m² according to the EPC inspection conducted in February 2017. This puts it in the smallest 30% 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 3 LYRICAL WAY lies on this distribution: 27% of detached houses houses are smaller than 3 LYRICAL WAY, and 72% of houses are larger. Note that EPC data is not available for all properties in Hemel Hempstead.

3 LYRICAL WAY: Plot and Title Map

3 LYRICAL WAY sits on a plot of roughly 0.063 of an acre, or 256m². The below map shows the location of 3 LYRICAL WAY, 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 3 LYRICAL WAY). 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 3 LYRICAL WAY?

3 LYRICAL WAY is located in HEMEL HEMPSTEAD, in the HP1 postcode district. The below map shows the position of No. 3 on LYRICAL WAY.