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How is the Hemel Hempstead property market faring?

With London property prices seemingly permanently on the increase and out of reach for the majority, many people working in the Capital have been forced to look further afield for affordable property. Hemel Hempstead is one of the most popular towns with commuters.

Where exactly is Hemel Hempstead?

Hemel Hempstead is a large town in Hertfordshire, situated approximately 25 miles northwest of London. Hemel Hempstead has both a New and an Old Town. The New Town was developed after the Second World War as a London ‘ring town’ to help with decentralisation, whilst the Old Town has existed since the middle ages.

What is happening to property prices in Hemel Hempstead?

As in many areas, property prices in Hemel Hempstead are no longer rising as rapidly as they were. The average price for a property in Hemel Hempstead currently stands at £441,620 This is an increase of 4% on the previous year. Prices in Hemel Hempstead are expected to remain fairly static in 2023.

What are the main advantages of living in Hemel Hempstead?

Transport links

Arguably the main attraction of living in Hemel Hempstead is the fact that it is not far from London and has some excellent transport links. The key factor is the rail service that runs to London Euston and takes around half an hour. Wembley is only 20 minutes away by train and there are also direct services to Milton Keynes, Coventry, and Birmingham. For drivers, Hemel Hempstead offers easy access to both the M25 and the M1. There are also a number of bus services that serve the town.

Greenery/surrounding area

Hemel Hempstead’s proximity to the Hertfordshire countryside is another major plus point and is great for walkers, cyclists, and camping fans, as well as those looking for a relaxing drive and maybe lunch at a quaint country pub. The Grand Union Canal passes nearby and is ideal for waterside picnics and general outdoor fun. Gadebridge Park is located in the Old Town and has recently updated picnic and play areas.

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Entertainment/Culture

Hemel Hempstead Old Town Hall is a fantastic venue offering live music, comedy shows, art workshops, and theatre. Other entertainment options include The Snow Centre, DJs Play Park, Laser Quasar, Planet Ice – Ice Rink, and Cineworld (featuring IMAX).

Schools

Another attraction, particularly for families, is the abundance of schools. In terms of primary schools, Belswains, Boxmoor, Chambersbury, Chaulden Infants, Gade Valley, George Street, Hobbs Hill Wood, Hobletts Manor Junior and Infants, Lime Walk, Micklem, Nash Mills CofE, Pixies Hill, South Hill, St Albert the Great Catholic, St Cuthbert Mayne Catholic, St Rose’s Catholic Infants, and Tudor are all rated ‘Good’ by Ofsted. When it comes to secondary schools, Astley Cooper, the Collett, the Hemel Hempstead, John F Kennedy Catholic, and Longdean are all ‘Good’.

If you are planning to buy property in the area, you will no doubt look for one of the best conveyancing solicitors Hemel Hempstead, such as Sam Conveyancing.

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Is Hemel Hempstead a good place for property investors?

As a commuter town, Hemel Hempstead is an excellent choice for property investment. In terms of buy-to-let, landlords can expect a rental yield of around 7%. Hemel Hempstead is currently undergoing a number of regeneration projects which will only make it more attractive.

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