House prices in HP2 4 (Hemel Hempstead)

This article reveals price per square metre data and various charts to help you understand current housing market in 'HP2 4' (Hemel Hempstead) - statistics were last calculated on 30 August 2024.

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Defining 'HP2 4'

This analysis is limited to properties whose postcode starts with "HP2 4", this is also called the postcode sector. It is shown in red on the map above. There are no official names for postcode sectors so I've just labelled it Hemel Hempstead.

You can click on the map to change sector, or you can enter a different postcode sector (e.g. CM23 4) below.

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FYI, a postcode sector is the full postcode without the last two letters.

Price per square metre

Knowing the average house price in Hemel Hempstead is not much use. However, knowing average price per square metre can be quite useful. Price per sqm allows some comparison between properties of different size. We define price per square metre as the sold price divided by the internal area of a property:

£ per sqm = price ÷ internal area

E.g. 185, Longlands, Hemel Hempstead, sold for £200,000 on Jun-2024. Given the internal area of 59 square metres, the price per sqm is £3,389.

England & Wales have been officially metric since 1965. However house price per square foot is prefered by some estate agents and those of sufficiently advanced age ;-) They may want to convert square meters on this page to square feet.

The chart below is called a histogram, it helps you see the distribution of this house price per sqm data. To make this chart we put the sales data into a series of £ per sqm 'buckets' (e.g. £4,250-£4,500, £4,500-£4,750, £4,750-£5,000 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 152 sales in Hemel Hempstead (HP2 4) that took place in the last two years.

Generate a custom chart like the one above but based on your own criteria.

You can see the spread of prices above. This is because although internal area is a key factor in determining valuation, it is not the only factor. Many factors other than size affect desirability; these factors could be condition, aspect, garden size, negotiating power of the vendor etc.

The spread of prices will give you a feel of the typical range to expect in Hemel Hempstead (HP2 4). Of the 152 transactions, half were sold for between £4,180 and £5,300 per square metre. The median, or 'middle', price per square metre in 'HP2 4' is £4,720. Notably, only 25% of properties that sold recently were valued at more than £5,300 sqm. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

Price map for Hemel Hempstead

Do have a look at the interactive price map I created. I find it useful and I am sure it will help you in exploring Hemel Hempstead. You can zoom in all the way to individual properties and then all the way back out to see the whole country. The colours show the current estimated property values.

House price heatmap for Hemel Hempstead

Comparison with neighbouring postcode sectors

The table below shows how 'HP2 4' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
HP2 4 Hemel Hempstead	£4,180 sqm	£4,720 sqm	£5,300 sqm
HP2 7 Hemel Hempstead	£3,990 sqm	£4,620 sqm	£5,180 sqm
HP2 6 Hemel Hempstead	£3,690 sqm	£4,150 sqm	£4,540 sqm
HP2 5 Hemel Hempstead	£3,860 sqm	£4,290 sqm	£5,070 sqm

Will Hemel Hempstead house prices drop in 2024?

I cannot tell the future and don't believe anyone who says they can. I can however plot price trends - I have done this in the chart below for HP2 4 (Hemel Hempstead) compared with both the wider area HP2 and inflation (CPIH from the Office of National Statistics). The dashed trend lines in the chart show the average over time.

Download time series data as CSV (paying users only).

For the most recent sales activity, rather than a summarized average, it is better to see the underlying data. This is shown in the chart below, where blue dots represent individual sales, click on them to see details. If there is an obvious trend you should be able to spot it here amid the noise from outliers.

Data from Land Registry comes in gradually over time. I update it every month but it takes about 5 months for the majority of sales for Hemel Hempstead to be recorded. Disclaimer: I do not verify and cannot guarantee the accuracy of any data shown. Outliers exist in the data, typically these are where the EPC registry records the internal area incorrectly, sometimes although very rarely the Land Registry price paid data can be wrong. The data provided throughout this website about Hemel Hempstead and any other area, is not financial advice. Any information provided does not and cannot ever take in to account the particular financial situation, objectives or property needs of either you or anyone reading this information.

Street level data

Street	Avg size	Avg £sqm	Recent sales
Selden Hill, Hemel Hempstead, HP2 4F	61 sqm	£3,599	30
Turners Hill, Hemel Hempstead, HP2 4L	75 sqm	£4,662	20
Hales Park, Hemel Hempstead, HP2 4R	52 sqm	£5,296	17
New Park Drive, Hemel Hempstead, HP2 4Q	95 sqm	£5,171	16
Windmill Road, Hemel Hempstead, HP2 4B	93 sqm	£4,536	15
Alexandra Road, Hemel Hempstead, HP2 4A	70 sqm	£4,300	14
Poynders Hill, Hemel Hempstead, HP2 4P	83 sqm	£4,372	12
Newfield Lane, Hemel Hempstead, HP2 4D	102 sqm	£3,956	12

Search for your street here.

Raw data

Our analysis of Hemel Hempstead is derived from what is essentially a big table of sold prices from Land Registry with added property size information. Below are three rows from this table to give you an idea.

Address	Paid	sqm	£/sqm
185, Longlands, Hemel Hempstead	£200,000 Jun-2024	59	3,389
80, Vauxhall Rd, Hemel Hempstead	£370,000 Jun-2024	81	4,567
5, The Sidings, Hemel Hempstead	£260,000 Jun-2024	46	5,652

See the entire list of all sales in Hemel Hempstead (HP2 4) here.