15, FOLLY LANE, HEREFORD, HR1 1LY - £312,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

15 FOLLY LANE is a large extended detached house of 138m², built sometime between 1950 and 1966. It was last sold for £312,000 in June 2015, which was around 7% above the average June 2015 detached price in the Herefordshire local authority area. The most recent EPC inspection was May 2015, where the current energy rating was C, and the potential energy rating was B.

15 FOLLY LANE Sold Prices

Land registry data shows three sales for 15 FOLLY LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Herefordshire local authority area for the corresponding sale date. One of the three 15 FOLLY LANE sales was for above the average price, whilst two were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2015 10 JUN	£312,000	£292,443	7% above HPI
2013 31 MAY	£240,500	£267,163	10% below HPI
2012 12 SEP	£225,000	£272,277	17% below HPI

15 FOLLY LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Herefordshire local authority area over time, sourced from the HPI. The three 15 FOLLY LANE sales between September 2012 and June 2015 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the May 2013 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the June 2015 sale, where it rises to 7% above the HPI. The line then continues to track at 7% above the HPI.

How Large is 15 FOLLY LANE?

15 FOLLY LANE is 138m², which includes three extensions, according to the EPC inspection conducted in May 2015. This puts it in the largest 30% of detached houses in Hereford, based on EPC data. The below chart shows the distribution of detached houses by size in Hereford, and where 15 FOLLY LANE lies on this distribution: 74% of detached houses are smaller than 15 FOLLY LANE, and 26% of houses are larger. Note that EPC data is not available for all properties in Hereford.

15 FOLLY LANE: Plot and Title Map

15 FOLLY LANE sits on a plot of roughly 0.123 of an acre, or 498m². The below map shows the location of 15 FOLLY LANE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 15 FOLLY LANE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 15 FOLLY LANE?

15 FOLLY LANE is located in HEREFORD, in the HR1 postcode district. The below map shows the position of No. 15 on FOLLY LANE.