15, FOLLY LANE, HOCKLEY, SS5 4SE - £341,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

15 FOLLY LANE is a midsized detached house of 129m², built sometime between 1983 and 1990, which could now be worth an estimated £656,103. It was last sold for £341,000 in October 2009, which was around 5% above the average October 2009 detached price in the Rochford local authority area. The most recent EPC inspection was September 2020, where the current energy rating was D, and the potential energy rating was B.

15 FOLLY LANE Sold Prices

Land registry data shows four sales for 15 FOLLY LANE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Rochford local authority area for the corresponding sale date. Most of the four 15 FOLLY LANE sales were for above 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
2009 9 OCT	£341,000	£323,335	5% above HPI
2003 20 JAN	£300,000	£268,461	12% above HPI
1998 3 NOV	£152,500	£128,930	18% above HPI
1995 8 NOV	£50,750	£97,872	48% below HPI

15 FOLLY LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Rochford local authority area over time, sourced from the HPI. The four 15 FOLLY LANE sales between November 1995 and October 2009 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 January 2003 sale was for 12% above the HPI. So the extrapolation line tracks at 12% above the HPI over time, until the October 2009 sale, where it falls to 5% above the HPI. The line then continues to track at 5% above the HPI.

What might 15 FOLLY LANE be worth now?

15 FOLLY LANE might now be worth an estimated £656,103.

This is based on house price inflation of 92.4%, between October 2009 and February 2025, for detached houses, in the Rochford local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 92.4% inflationary increase is applied to the most recent sale price for 15 FOLLY LANE of £341,000 on 9th October 2009. For the value to have increased from £341,000 to £656,103 over the sixteen years and eight months to February 2025, the following assumptions must hold true:

• The value of 15 FOLLY LANE has moved in line with the HPI for detached houses in the Rochford local authority area.
• The October 2009 sale price of £341,000 represented a fair market value for the property.
• The size, condition, and specification of 15 FOLLY LANE has not materially changed since October 2009.

How Large is 15 FOLLY LANE?

15 FOLLY LANE is 129m² according to the EPC inspection conducted in September 2020. This puts it in the smallest 50% of detached houses houses in Hockley, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hockley, and where 15 FOLLY LANE lies on this distribution: 46% of detached houses houses are smaller than 15 FOLLY LANE, and 54% of houses are larger. Note that EPC data is not available for all properties in Hockley.

15 FOLLY LANE: Plot and Title Map

15 FOLLY LANE sits on a plot of roughly 0.188 of an acre, or 760m². 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 HOCKLEY, in the SS5 postcode district. The below map shows the position of No. 15 on FOLLY LANE.