18, FOLLY CLOSE, HITCHIN, SG4 9DG - £506,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

18 FOLLY CLOSE is a midsized detached house of 134m². It was last sold for £506,000 in July 2020, which was around 24% below the average July 2020 detached price in the North Hertfordshire local authority area. The most recent EPC inspection was August 2018, where the current energy rating was C, and the potential energy rating was B.

18 FOLLY CLOSE Sold Prices

Land registry data shows two sales for 18 FOLLY CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the North Hertfordshire local authority area for the corresponding sale date. Both of the two 18 FOLLY CLOSE sales 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
2020 23 JUL	£506,000	£666,864	24% below HPI
2009 16 JAN	£50,000	£391,536	87% below HPI

18 FOLLY CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the North Hertfordshire local authority area over time, sourced from the HPI. The two 18 FOLLY CLOSE sales from January 2009 and July 2020 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 2009 sale was for 87% below the HPI. So the extrapolation line tracks at 87% below the HPI over time, until the July 2020 sale, where it rises to 24% below the HPI. The line then continues to track at 24% below the HPI.

What might 18 FOLLY CLOSE be worth now?

18 FOLLY CLOSE might now be worth an estimated £601,037.

This is based on house price inflation of 18.8%, between July 2020 and December 2024, for detached houses, in the North Hertfordshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 18.8% inflationary increase is applied to the most recent sale price for 18 FOLLY CLOSE of £506,000 on 23rd July 2020. For the value to have increased from £506,000 to £601,037 over the three years and seven months to December 2024, the following assumptions must hold true:

• The value of 18 FOLLY CLOSE has moved in line with the HPI for detached houses in the North Hertfordshire local authority area.
• The July 2020 sale price of £506,000 represented a fair market value for the property.
• The size, condition, and specification of 18 FOLLY CLOSE has not materially changed since July 2020.

How Large is 18 FOLLY CLOSE?

18 FOLLY CLOSE is 134m² according to the EPC inspection conducted in August 2018. This puts it in the largest 50% of detached houses houses in Hitchin, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hitchin, and where 18 FOLLY CLOSE lies on this distribution: 59% of detached houses houses are smaller than 18 FOLLY CLOSE, and 41% of houses are larger. Note that EPC data is not available for all properties in Hitchin.

18 FOLLY CLOSE: Plot and Title Map

18 FOLLY CLOSE sits on a plot of roughly 0.144 of an acre, or 581m². The below map shows the location of 18 FOLLY CLOSE, 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 18 FOLLY CLOSE). 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 18 FOLLY CLOSE?

18 FOLLY CLOSE is located in HITCHIN, in the SG4 postcode district. The below map shows the position of No. 18 on FOLLY CLOSE.