Flat 22, The Exchange 89
Flat 22, The Exchange 89
Description & Estimates
Flat 22, The Exchange 89, Hemel Hempstead is recorded publicly as a modern leasehold apartment across 538 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms.
Our estimate of the sale value of Flat 22, The Exchange 89, Hemel Hempstead is £244,129 and its rental estimate is £1,319 per month, given the available information and assuming reasonable condition.
The Exchange, Marlowes is a residential building on Marlowes, Hemel Hempstead, HP1 and falls within the HP1 postal district and the borough of Dacorum.
Our Data Sources
Flat 22, The Exchange 89, Hemel Hempstead has a single entry in the Land Registry from June 2022 and a single entry in the EPC database dated March 2022.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 4 out of 5 and is considered of high accuracy.
Price Range & Condition
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For Flat 22, The Exchange 89, Hemel Hempstead, we estimate a market value of £256,335 and a rental value of £1,385 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £227,040 and £1,227 per month respectively.
Recent Market Change
Over the last year, Flat 22, The Exchange 89, Hemel Hempstead has seen its estimated sale value decline by £3,529 (1.4%) and its estimated rental value climb by £37 per month (2.8%). This results in an estimated gross rental yield of 6.5%.
Energy Efficiency
Flat 22, The Exchange 89, Hemel Hempstead has an Energy Performance Rating (EPC) of A. This is based on the most recent assessment, dated 02 Mar 2022.
The property is not connected to mains gas and has high performance glazing. It is heated using Air source heat pump, warm air, electric.
Sold Prices
The most recent sale of Flat 22, The Exchange 89, Hemel Hempstead completed on 15th June 2022 at £240,000 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 this is the property's only sale.
Values of comparable properties have dropped by 4.4% over the period since June 2022.
- Sold Jun 2022£240,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to Flat 22, The Exchange 89, Hemel Hempstead have sold within a radius of 430 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 2nd April 2024, was Flat 9, The Exchange 89, Marlowes, Hemel Hempstead, HP1 1EH, a leasehold flat which sold for £250,000.
Read more about house prices in HP1.
- Sold Apr 2024£250,000 | 2 Bed FlatThe Exchange 89, MarlowesFlat 9, The Exchange 89, Marlowes, Hemel Hempstead, HP1 1EH
- Sold Jul 2023£260,000 | 2 Bed FlatThe Exchange 89, MarlowesFlat 8, The Exchange 89, Marlowes, Hemel Hempstead, HP1 1EH
- Sold Feb 2022£265,000 | 2 Bed FlatThe Exchange 89, MarlowesFlat 17, The Exchange 89, Marlowes, Hemel Hempstead, HP1 1EH
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 354 addresses on Marlowes, Hemel Hempstead, HP1, Flat 22, The Exchange 89, Hemel Hempstead comes out as the 197th largest and the 113th most expensive in our analysis of the public data.
It is also £189k less expensive than the average property across the HP1 district.
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Schools Nearby
- 600mSouth Hill Primary School
- 700mGeorge Street Primary School
- 900mBroadfield Academy
- 700mThe Hemel Hempstead School
- 900mLaureate Academy
- 1.6kmThe Adeyfield Academy
More reading links
Public Transport Nearby
From Flat 22, The Exchange 89, Hemel Hempstead, the nearest station is Hemel Hempstead, 1.8 kilometres away.
- 1.8kmHemel Hempstead
- 2.4kmApsley
- 5.7kmKings Langley
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
