According to the public record, Flat 2, 224, Lawn Lane, Hemel Hempstead is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a period apartment with 700 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 224, Lawn Lane, Hemel Hempstead, HP3.
Lawn Lane, Hemel Hempstead, HP3 is located in the borough of Dacorum within the HP3 postal district.
Flat 2, 224, Lawn Lane, Hemel Hempstead has 21 entries in the Land Registry database, most recently in February 2007 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for Flat 2 224 Lawn Lane Hemel Hempstead as £238,850 and the rental value as £1,270 per month giving an expected gross yield of 6.4%.
Over the last 12 months the sale value of Flat 2 224 Lawn Lane Hemel Hempstead has decreased by £6,043 (2.5%) and its rental value has increased by £127 per month (10.0%).
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 Flat 2, 224, Lawn Lane, Hemel Hempstead is in very good condition we estimate a sale value of £250,793 and rental value of £1,334 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £222,131 and a rental value of £1,181 per month.
If you were able to purchase this property for the estimated value of £238,850, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,174 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to HM Land Registry, Flat 2, 224, Lawn Lane, Hemel Hempstead was last sold on 26 Feb 2007 for £149,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Feb 2007, the market for similar properties has risen 42.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 2, 224, Lawn Lane, Hemel Hempstead within a radius of 336m over the last 2 years.
The most recent example is 72, Deaconsfield Road, Hemel Hempstead, HP3 9HZ, a Leasehold flat which sold for £240,000 in May 2024.
Read more about house prices in HP3.
Our network of Estate Agents report 3 lets within a 464m radius of Flat 2, 224, Lawn Lane, Hemel Hempstead over the last 2 years.
Most recently 39, Hobbs Hill Road, Hemel Hempstead, HP3 9QA, a Freehold house let by Collinson Hall for an undisclosed amount in Sep 2023.
Lawn Lane, Hemel Hempstead, HP3 has a total of 197 addresses. According to our analysis of all the public data, Flat 2, 224, Lawn Lane, Hemel Hempstead is the 139th largest and the 155th most expensive property on the street.
When compared to the postcode district it is £223k less expensive than the average property in HP3.
The closest station to Flat 2, 224, Lawn Lane, Hemel Hempstead is Apsley station which is 800 m away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around Flat 2, 224, Lawn Lane, Hemel Hempstead, 50.6% of property is privately owned with a mortgage and 20.2% is privately rented.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around Flat 2, 224, Lawn Lane, Hemel Hempstead, 14.8% of residents are recorded as possessing school level qualifications and 46.1% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around Flat 2, 224, Lawn Lane, Hemel Hempstead, the average age was 39.2 and the most common age was 32.
The graph below shows how this compares to East of England and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around Flat 2, 224, Lawn Lane, Hemel Hempstead, 0.0% of property was a second home.
Comparison figures for East of England and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around Flat 2, 224, Lawn Lane, Hemel Hempstead, there are an average of 1.2 cars per household.
See below for how this compares to East of England and the rest of England & Wales.