8, MILL CLOSE, HEMEL HEMPSTEAD, HP3 8AD - £247,000

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.

8 MILL CLOSE is a very small semi-detached house of 92m², built sometime between 1967 and 1975, which could now be worth an estimated £400,485. It was last sold for £247,000 in July 2014, which was around 27% below the average July 2014 semi-detached price in the Dacorum local authority area. The most recent EPC inspection was March 2014, where the current energy rating was D, and the potential energy rating was C.

8 MILL CLOSE Sold Prices

Land registry data shows two sales for 8 MILL CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Dacorum local authority area for the corresponding sale date. Both of the two 8 MILL CLOSE 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
2014 4 JUL	£247,000	£338,945	27% below HPI
1996 26 JUL	£74,950	£83,241	10% below HPI

8 MILL CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Dacorum local authority area over time, sourced from the HPI. The two 8 MILL CLOSE sales from July 1996 and July 2014 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 July 1996 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the July 2014 sale, where it falls to 27% below the HPI. The line then continues to track at 27% below the HPI.

What might 8 MILL CLOSE be worth now?

8 MILL CLOSE might now be worth an estimated £400,485.

This is based on house price inflation of 62.1%, between July 2014 and May 2026, for semi-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 62.1% inflationary increase is applied to the most recent sale price for 8 MILL CLOSE of £247,000 on 4th July 2014. For the value to have increased from £247,000 to £400,485 over the twelve years and two months to May 2026, the following assumptions must hold true:

• The value of 8 MILL CLOSE has moved in line with the HPI for semi-detached houses in the Dacorum local authority area.
• The July 2014 sale price of £247,000 represented a fair market value for the property.
• The size, condition, and specification of 8 MILL CLOSE has not materially changed since July 2014.

How Large is 8 MILL CLOSE?

8 MILL CLOSE is 92m² according to the EPC inspection conducted in March 2014. This puts it in the smallest 20% of semi-detached houses houses in Hemel Hempstead, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Hemel Hempstead, and where 8 MILL CLOSE lies on this distribution: 13% of semi-detached houses houses are smaller than 8 MILL CLOSE, and 86% of houses are larger. Note that EPC data is not available for all properties in Hemel Hempstead.

8 MILL CLOSE: Plot and Title Map

8 MILL CLOSE sits on a plot of roughly 0.046 of an acre, or 188m². The below map shows the location of 8 MILL CLOSE, 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 8 MILL CLOSE). 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 8 MILL CLOSE?

8 MILL CLOSE is located in HEMEL HEMPSTEAD, in the HP3 postcode district. The below map shows the position of No. 8 on MILL CLOSE.