Flat 48, The Exchange 89
Flat 48, The Exchange 89
Description & Estimates
Flat 48, The Exchange 89, Hemel Hempstead is recorded publicly as a modern leasehold apartment across 721 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms.
Our estimate of the sale value of Flat 48, The Exchange 89, Hemel Hempstead is £285,004 and its rental estimate is £1,540 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 48, The Exchange 89, Hemel Hempstead has a single entry in the Land Registry from November 2022 and a single entry in the EPC database dated October 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 48, The Exchange 89, Hemel Hempstead, we estimate a market value of £299,254 and a rental value of £1,617 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £265,053 and £1,432 per month respectively.
Recent Market Change
Over the last year, Flat 48, The Exchange 89, Hemel Hempstead has seen its estimated sale value fall by £4,120 (1.4%) and its estimated rental value move up by £43 per month (2.8%). This results in an estimated gross rental yield of 6.5%.
Energy Efficiency
Flat 48, The Exchange 89, Hemel Hempstead has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 17 Oct 2022.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler and radiators, mains gas.
Sold Prices
The most recent sale of Flat 48, The Exchange 89, Hemel Hempstead completed on 4th November 2022 at £300,000 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 4.2% over the period since November 2022.
- Sold Nov 2022£300,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to Flat 48, 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 4th November 2022, was Flat 45, The Exchange 89, Marlowes, Hemel Hempstead, HP1 1EH, a leasehold flat which sold for £225,000.
Read more about house prices in HP1.
- Sold Nov 2022£225,000 | 2 Bed FlatThe Exchange 89, MarlowesFlat 45, The Exchange 89, Marlowes, Hemel Hempstead, HP1 1EH
- Sold Nov 2022£290,000 | 2 Bed FlatThe Exchange 89, MarlowesFlat 47, The Exchange 89, Marlowes, Hemel Hempstead, HP1 1EH
- Sold Mar 2022£320,000 | 2 Bed FlatThe Exchange 89, MarlowesFlat 21, The Exchange 89, Marlowes, Hemel Hempstead, HP1 1EH
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Of the 354 addresses on Marlowes, Hemel Hempstead, HP1, Flat 48, The Exchange 89, Hemel Hempstead comes out as the 108th largest and the 68th most expensive in our analysis of the public data.
It is also £148k less expensive than the average property across the HP1 district.
More reading links
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 48, 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.
