31, LAUREATE WAY, HEMEL HEMPSTEAD, HP1 3RL - £297,500

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.

31 LAUREATE WAY is a very small terraced house of 55m², built sometime between 1991 and 1995, which could now be worth an estimated £339,161. It was last sold for £297,500 in November 2020, which was around 18% below the average November 2020 terraced price in the Dacorum local authority area. The most recent EPC inspection was June 2020, where the current energy rating was D, and the potential energy rating was B.

31 LAUREATE WAY Sold Prices

Land registry data shows six sales for 31 LAUREATE WAY since 1^st January 1995. The below table shows the price paid for the six sales, along with the average terraced price in the Dacorum local authority area for the corresponding sale date. Most of the six 31 LAUREATE 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
2020 6 NOV	£297,500	£361,612	18% below HPI
2015 6 OCT	£275,102	£306,899	10% below HPI
2010 17 FEB	£203,000	£210,896	4% below HPI
2007 4 MAY	£201,500	£216,058	7% below HPI
2005 6 MAY	£175,000	£184,697	5% below HPI
2000 24 NOV	£120,000	£116,073	3% above HPI

31 LAUREATE WAY Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Dacorum local authority area over time, sourced from the HPI. The six 31 LAUREATE WAY sales between November 2000 and November 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 2015 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the November 2020 sale, where it falls to 18% below the HPI. The line then continues to track at 18% below the HPI.

What might 31 LAUREATE WAY be worth now?

31 LAUREATE WAY might now be worth an estimated £339,161.

This is based on house price inflation of 14%, between November 2020 and June 2025, for terraced 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% inflationary increase is applied to the most recent sale price for 31 LAUREATE WAY of £297,500 on 6th November 2020. For the value to have increased from £297,500 to £339,161 over the five years and five months to June 2025, the following assumptions must hold true:

• The value of 31 LAUREATE WAY has moved in line with the HPI for terraced houses in the Dacorum local authority area.
• The November 2020 sale price of £297,500 represented a fair market value for the property.
• The size, condition, and specification of 31 LAUREATE WAY has not materially changed since November 2020.

How Large is 31 LAUREATE WAY?

31 LAUREATE WAY is 55m² according to the EPC inspection conducted in June 2020. This puts it in the smallest 10% of terraced houses houses in Hemel Hempstead, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Hemel Hempstead, and where 31 LAUREATE WAY lies on this distribution: 1% of terraced houses houses are smaller than 31 LAUREATE WAY, and 99% of houses are larger. Note that EPC data is not available for all properties in Hemel Hempstead.

31 LAUREATE WAY: Plot and Title Map

31 LAUREATE WAY sits on a plot of roughly 0.022 of an acre, or 91m². The below map shows the location of 31 LAUREATE 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 31 LAUREATE 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 31 LAUREATE WAY?

31 LAUREATE WAY is located in HEMEL HEMPSTEAD, in the HP1 postcode district. The below map shows the position of No. 31 on LAUREATE WAY.