THE CEDARS, OLD CRABTREE LANE, HEMEL HEMPSTEAD, HP2 4JW - £330,000

THE CEDARS is a small detached house of 109m², built sometime between 2003 and 2006. It was last sold for £330,000 in November 2012, which was around 39% below the average November 2012 detached price in the Dacorum local authority area. The most recent EPC inspection was July 2012, where the current energy rating was C, and the potential energy rating was B.

THE CEDARS Sold Prices

Land registry data shows three sales for THE CEDARS 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 THE CEDARS 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
2012 1 NOV	£330,000	£544,524	39% below HPI
2003 2 DEC	£298,000	£412,364	28% below HPI
2000 16 MAY	£125,000	£292,309	57% below HPI

THE CEDARS 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 THE CEDARS sales between May 2000 and November 2012 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 December 2003 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the November 2012 sale, where it falls to 39% below the HPI. The line then continues to track at 39% below the HPI.

How Large is THE CEDARS?

THE CEDARS is 109m² according to the EPC inspection conducted in July 2012. This puts it in the smallest 40% of detached houses in Hemel Hempstead, based on EPC data. The below chart shows the distribution of detached houses by size in Hemel Hempstead, and where THE CEDARS lies on this distribution: 31% of detached houses are smaller than THE CEDARS, and 69% of houses are larger. Note that EPC data is not available for all properties in Hemel Hempstead.

THE CEDARS: Plot and Title Map

THE CEDARS sits on a plot of roughly 0.040 of an acre, or 162m². The below map shows the location of THE CEDARS, 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 THE CEDARS). 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 THE CEDARS?

THE CEDARS is located on OLD CRABTREE LANE in HEMEL HEMPSTEAD, in the HP2 postcode district. The below map shows the position of THE CEDARS on OLD CRABTREE LANE.