Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 2, Farm Way, Hemel Hempstead is in very good condition we estimate a sale value of £470,365 and rental value of £1,744 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £416,609 and a rental value of £1,545 per month.
According to Imagine and HM Land Registry, 2, Farm Way, Hemel Hempstead was last sold on 27 Oct 2017 for £405,000 and was recorded as a freehold house.
The selling agent was Imagine. The property has had 2 sales since 1995.
Since Oct 2017, the market for similar properties has risen 8.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Farm Way, Hemel Hempstead within a radius of 64m over the last 2 years.
The most recent example is 4, Ellen Close, Hemel Hempstead, HP2 5LX, a Freehold house which sold for £442,500 in Aug 2023.
Read more about house prices in HP2.
Our network of Estate Agents report 3 lets within a 467m radius of 2, Farm Way, Hemel Hempstead over the last 2 years.
Most recently 16, Summerleas Close, Hemel Hempstead, HP2 5PW, a Freehold house let by Imagine for an undisclosed amount in Aug 2023.
Farm Way, Hemel Hempstead, HP2 has a total of 8 addresses. According to our analysis of all the public data, 2, Farm Way, Hemel Hempstead is the 5th largest and the 5th most expensive property on the street.
When compared to the postcode district it is £100k more expensive than the average property in HP2.
As updated by Imagine in Oct 2017, 2, Farm Way, Hemel Hempstead is a modern freehold house with 919 ft2 of internal area comprising 3 bedrooms with a garden.
Farm Way, Hemel Hempstead, HP2 is located in the borough of Dacorum within the HP2 postal district.
Based on both the data supplied by Imagine and the public information available in the area, we estimate the current sale value for 2 Farm Way Hemel Hempstead as £447,967 and the rental value as £1,661 per month giving an expected gross yield of 4.5%.
Imagine described the decorative condition as fair in Oct 2017.
Over the last 12 months the sale value of 2 Farm Way Hemel Hempstead has decreased by £15,903 (3.6%) and its rental value has increased by £131 per month (7.9%).
The closest station to 2, Farm Way, Hemel Hempstead is Apsley station which is 2.9 km away.