Market outlook for HP23
Key indicators for buyers
The HP23 market is moderately favourable for buyers. Prices have softened (-6.9%), which could present a buying opportunity. Affordability has improved from a peak of 13.9x in 2022 to 11.9x today. Rising rents (£1,582/mo, +4.5%) mean the cost of waiting is real.
Price trends
Yearly averages · HM Land Registry Price Paid Data
Prices by property type
2026averages · HM Land Registry Price Paid Data
Affordability ratio
House price ÷ median earnings · ONS data
Affordability data shown for wider Dacorum area
A home in Dacorum costs 11.9x the local median salary — very stretched, improving from a peak of 13.9x in 2022.
Rental trends
Average monthly rent · ONS Private Rental Index
Rental data shown for wider Dacorum area
Average monthly rent in Dacorum is £1,582, up 4.5% year-on-year. Rents have risen consistently over the past five years.
Monthly mortgage
2yr fixed · 75% LTV · 25yr term · BoE avg. rate
Based on the average Dacorum price of £1,180,500 with a 25% deposit (£295k), a 2-year fixed mortgage at 3.97% costs around £4,659 per month.
Rent vs buy snapshot
Monthly cost comparison based on current data
Uses HP23 avg. price with Dacorum rental data
Monthly mortgage payments (£4,659) are £3,077 more than renting (£1,582). However, buying requires an upfront deposit of £295k — it would take around 24594 years to recoup that cost compared to renting and investing the difference.
Recent sales
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
44, CARRINGTON PLACE HP23 5JZ | Terraced | £475,000 | 16 Jan 2026 |
62, DUNDALE ROAD HP23 5BX | Detached | £797,500 | 15 Jan 2026 |
THEGRANGE, ALNWICK DRIVE, LONG MARSTON HP23 4RA | Other | £3,350,000 | 15 Jan 2026 |
25, FRIARS WALK HP23 4AP | Semi-detached | £555,000 | 12 Jan 2026 |
87, GROVE GARDENS HP23 5PY | Detached | £725,000 | 9 Jan 2026 |
THE CORNERS, KING STREET HP23 6BJ | Detached | £575,000 | 19 Dec 2025 |
4, DEANS CLOSE HP23 4AS | Semi-detached |
Data sources (all free & public): HM Land Registry Price Paid Data & UK House Price Index · ONS Housing Affordability Ratios · ONS Private Rental Index · Bank of England Quoted Household Interest Rates · HMRC Monthly Property Transactions
Contains HM Land Registry data © Crown copyright and database right 2021. This data is licensed under the Open Government Licence v3.0.