The average property value in Hertsmere is £638,443 according to property sale data for the year ending June 2021 published by HM Land Registry. Between the years ending June 2020 and June 2021, property values in Hertsmere grew by £109,068. Compare house prices by area
Average property prices in Hertsmere grew by 20.6% between the years ending June 2020 and June 2021. Between the years ending June 2011 and June 2021, property prices on average grew by 5.4% per year.
If prices in Hertsmere continue to rise by 5.4% a year, the average property price will be £788,319 in 2025.
There were 1,438 property sales in Hertsmere in the year ending June 2021, an increase of 133 when compared to the previous year.
The average price for a house in Hertsmere ranges from £460,391 for a terraced house to £1,108,813 for a detached house, with semi-detached in between costing on average £578,558.
The average price for a flat or maisonette in Hertsmere is £373,166.
Price trends for small areas may be less statistically significant due to small sample sizes.
Of the property types in Hertsmere, semi-detached house prices have risen the most between the years ending 2011 and 2021, and detached house prices have grown the least.
Detached house prices have risen 44.9% from £765,375 to £1,108,813, semi-detached house prices have risen 78.2% from £324,739 to £578,558, terraced house prices have risen 72.2% from £267,362 to £460,391, and flat prices have risen 71.9% from £217,086 to £373,166.
The most common type of property sold in Hertsmere during the year ending June 2021 was semi-detached houses, which accounted for 31.9% of properties.
The least commonly available type of property sold in Hertsmere were flats, which account for 18.5% of properties sold.
Of the properties sold in Hertsmere during 2021, 0.5% were new build properties.
The average price paid for a new build property in Hertsmere was £332,635 higher than the average price paid for an existing property.
Of the new build properties sold, the most common type was flats (80% of new build properties sold). For existing properties, the most common type is semi-detached houses (34% of existing properties sold).
The most common price band for property sales in Hertsmere is £400k - £500k, which accounted for 14.2% of properties sold in 2021.
7.9% of properties in Hertsmere had a price over £1 million. For comparison, in England, 2.1% of property sales were priced at over £1 million.
The cheapest properties in Hertsmere were in the £100k - £150k price bracket, accounting for 0.2% of sales.
Average property price
YoY change in price
Average Property Price
YoY CHANGE in PRICE
Source: Office for National Statistics licensed under the Open Government Licence v.3.0. Contains OS data © Crown copyright and database right 2021. Data sources: ONS Local statistics