1B, FOLLY LANE, ST ALBANS, AL3 5JU - £700,000

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.

1B FOLLY LANE is a very small extended detached house of 102m², built sometime between 1996 and 2002, which could now be worth an estimated £852,284. It was last sold for £700,000 in July 2016, which was around 31% below the average July 2016 detached price in the St Albans local authority area. The most recent EPC inspection was July 2024, where the current energy rating was C, and the potential energy rating was B.

1B FOLLY LANE Sold Prices

Land registry data shows three sales for 1B 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 St Albans local authority area for the corresponding sale date. All of the three 1B FOLLY LANE 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
2016 1 JUL	£700,000	£1,016,510	31% below HPI
2013 27 AUG	£570,000	£744,766	23% below HPI
2004 17 AUG	£375,000	£527,512	29% below HPI

1B FOLLY LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the St Albans local authority area over time, sourced from the HPI. The three 1B FOLLY LANE sales between August 2004 and July 2016 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 August 2013 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the July 2016 sale, where it falls to 31% below the HPI. The line then continues to track at 31% below the HPI.

What might 1B FOLLY LANE be worth now?

1B FOLLY LANE might now be worth an estimated £852,284.

This is based on house price inflation of 21.8%, between July 2016 and February 2025, for detached houses, in the St Albans local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 21.8% inflationary increase is applied to the most recent sale price for 1B FOLLY LANE of £700,000 on 1st July 2016. For the value to have increased from £700,000 to £852,284 over the nine years and five months to February 2025, the following assumptions must hold true:

• The value of 1B FOLLY LANE has moved in line with the HPI for detached houses in the St Albans local authority area.
• The July 2016 sale price of £700,000 represented a fair market value for the property.
• The size, condition, and specification of 1B FOLLY LANE has not materially changed since July 2016.

How Large is 1B FOLLY LANE?

1B FOLLY LANE is 102m², which includes one extension, according to the EPC inspection conducted in July 2024. This puts it in the smallest 20% of detached houses houses in St Albans, based on EPC data. The below chart shows the distribution of detached houses houses by size in St Albans, and where 1B FOLLY LANE lies on this distribution: 17% of detached houses houses are smaller than 1B FOLLY LANE, and 82% of houses are larger. Note that EPC data is not available for all properties in St Albans.

1B FOLLY LANE: Plot and Title Map

1B FOLLY LANE sits on a plot of roughly 0.057 of an acre, or 229m². The below map shows the location of 1B 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 1B 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 1B FOLLY LANE?

1B FOLLY LANE is located in ST. ALBANS, in the AL3 postcode district. The below map shows the position of No. 1B on FOLLY LANE.