Flat 8, The Exchange 89
Flat 8, The Exchange 89
Description & Estimates
According to the public record, Flat 8, The Exchange 89, Hemel Hempstead is a modern leasehold apartment with 516 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for Flat 8, The Exchange 89, Hemel Hempstead is £238,974 and the estimated rental value is £1,291 per month.
The apartment is within The Exchange, Marlowes, Hemel Hempstead, HP1.
Marlowes, Hemel Hempstead, HP1 is located in the borough of Dacorum within the HP1 postal district.
Our Data Sources
Flat 8, The Exchange 89, Hemel Hempstead has a single entry in the Land Registry from July 2023 and a single entry in the EPC database dated March 2021.
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
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 8, The Exchange 89, Hemel Hempstead is in very good condition we estimate a sale value of £250,922 and a rental value of £1,356 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £222,246 and a rental value of £1,201 per month.
Recent Market Change
Over the past 12 months, the estimated sale value of Flat 8, The Exchange 89, Hemel Hempstead has declined by £3,454 (1.4%), while its estimated rental value has climbed by £36 per month (2.8%). Based on current estimates, the property offers a gross rental yield of 6.5%.
Energy Efficiency
Flat 8, The Exchange 89, Hemel Hempstead has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 17 Mar 2021.
The property is not connected to mains gas and has high performance glazing. It is heated using Room heaters, electric.
Sold Prices
According to HM Land Registry, Flat 8, The Exchange 89, Hemel Hempstead was last sold on 21st July 2023 for £260,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since July 2023, the market for similar properties has dropped by 3.3%.
- Sold Jul 2023£260,000
Similar Properties Sold Nearby
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 8, The Exchange 89, Hemel Hempstead within a radius of 430 metres over the last 2 years.
The most recent example is Flat 9, The Exchange 89, Marlowes, Hemel Hempstead, HP1 1EH, a leasehold flat which sold for £250,000 on the 2nd April 2024.
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 Jun 2022£240,000 | 2 Bed FlatThe Exchange 89, MarlowesFlat 22, The Exchange 89, Marlowes, Hemel Hempstead, HP1 1EH
- Sold Apr 2021£253,000 | 2 Bed FlatThe Exchange 89, MarlowesFlat 16, 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
Marlowes, Hemel Hempstead, HP1 has a total of 354 addresses. According to our analysis of all the public data, Flat 8, The Exchange 89, Hemel Hempstead is the 205th largest and the 114th most expensive property on the street.
When compared to the postcode district it is £194k less expensive than the average property in HP1.
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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
The closest station to Flat 8, The Exchange 89, Hemel Hempstead is Hemel Hempstead station, which is 1.8 kilometres away.
- 1.8kmHemel Hempstead
- 2.4kmApsley
- 5.7kmKings Langley
Risk of Flooding
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
