The Cornfields, Hemel Hempstead, HP1

Street Guide For The Cornfields, Hemel Hempstead, HP1

 

The Cornfields, Hemel Hempstead, HP1 Map

Estimated Price: £168,601
Average Asking Price: £343,961
Price change in last one year: £12,877
Average Price Paid: £134,545
Average Rent Rates: £1,788

 

Property Prices Breakdown in The Cornfields, Hemel Hempstead, HP1

Average Price for property in The Cornfields, Hemel Hempstead, HP1 is around £168,601 which varies based on type of property you are interested in and ranges from £212,781 for terraced house to around £167,262 for a flat. Values have been changing and have risen £1,092 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £2,531 in last 6 months, £12,877 in last 1 year, £19,644 in last 2 years, £25,493 in last 3 years, £24,052 in last 4 years and £26,501 in last 5 years.

Currently average asking price of a property in The Cornfields, Hemel Hempstead, HP1 is around £343,961 based on approximately 5 properties for sale. Same is the case with rental options based on 60 properties up for rent, average asking rent is around £1,788 per month.

Estimated property value in The Cornfields, Hemel Hempstead, HP1 is £168,601. Average asking price is £343,961 while average price paid is £140,300 which is up by £12,877 and Avg. asking rent £1,788.Based on an Online Survey

Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in The Cornfields, Hemel Hempstead, HP1 area. In last 1 year alone average price buyer paid is around £140,300 based on approximately 5 sales in The Cornfields, Hemel Hempstead, HP1 area alone. If you compare it to last 3 years sales of 8 properties where buyers paid around £133,625. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £134,545 for 11 and average amount paid for purchase of approx. 16 properties sold in last 7 years comes to about £134,556 per sale.

 
 

Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 1 bedroom is around £240,000, £283,725 for a 2 bedroom house, £348,985 for a 3 bedroom house, £489,812 for a 4 bedroom house and £565,211 for a 5 bedroom house. For a flat similarly the prices varies from £164,994 for a single bedroom to £235,345 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £150,000. To sum up the asking prices for properties in The Cornfields, Hemel Hempstead, HP1 it comes to around average £168,942 for 1 bedroom property, £243,759 for 2 bedroom, £340,694 for 3 bedroom, £489,812 for 4 bedroom and £565,211 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £647 for 1 bedroom to £1,004 for 2 bedroom, £1,224 for 3 bedroom and £1,001 for 5 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £1,134. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £1,077 and £1,049 for 3 bedroom. You should be generally be expecting around average £842 rent per month for single bedroom property, £1,056 for 2 bedroom, £1,166 for 3 bedroom and approximately £1,001 for 5 bedroom property in The Cornfields, Hemel Hempstead, HP1 area.

Popular Houses in The Cornfields, Hemel Hempstead, HP1

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

Areas in and around The Cornfields, Hemel Hempstead, HP1