2, FOLLY PLACE, HOCKLEY, SS5 4SR - £974,000

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

2 FOLLY PLACE is a large detached house of 175m², built in 2022, which could now be worth an estimated £1,054,884. It was last sold for £974,000 in September 2021, which was around 71% above the average September 2021 detached price in the Rochford local authority area. The most recent EPC inspection was August 2022, where the current energy rating was B, and the potential energy rating was A.

2 FOLLY PLACE Sold Prices

Land registry data shows two sales for 2 FOLLY PLACE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Rochford local authority area for the corresponding sale date. Both of the two 2 FOLLY PLACE 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
2021 22 SEP	£974,000	£570,580	71% above HPI
1996 27 SEP	£142,000	£103,541	37% above HPI

2 FOLLY PLACE 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 two 2 FOLLY PLACE sales from September 1996 and September 2021 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 September 1996 sale was for 37% above the HPI. So the extrapolation line tracks at 37% above the HPI over time, until the September 2021 sale, where it rises to 71% above the HPI. The line then continues to track at 71% above the HPI.

What might 2 FOLLY PLACE be worth now?

2 FOLLY PLACE might now be worth an estimated £1,054,884.

This is based on house price inflation of 8.3%, between September 2021 and December 2024, 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 8.3% inflationary increase is applied to the most recent sale price for 2 FOLLY PLACE of £974,000 on 22nd September 2021. For the value to have increased from £974,000 to £1,054,884 over the two years and nine months to December 2024, the following assumptions must hold true:

• The value of 2 FOLLY PLACE has moved in line with the HPI for detached houses in the Rochford local authority area.
• The September 2021 sale price of £974,000 represented a fair market value for the property.
• The size, condition, and specification of 2 FOLLY PLACE has not materially changed since September 2021.

How Large is 2 FOLLY PLACE?

2 FOLLY PLACE is 175m² according to the EPC inspection conducted in August 2022. This puts it in the largest 30% 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 2 FOLLY PLACE lies on this distribution: 74% of detached houses houses are smaller than 2 FOLLY PLACE, and 25% of houses are larger. Note that EPC data is not available for all properties in Hockley.

2 FOLLY PLACE: Plot and Title Map

2 FOLLY PLACE sits on a plot of roughly 0.120 of an acre, or 484m². The below map shows the location of 2 FOLLY PLACE, 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 2 FOLLY PLACE). 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 2 FOLLY PLACE?

2 FOLLY PLACE is located in HOCKLEY, in the SS5 postcode district. The below map shows the position of No. 2 on FOLLY PLACE.