28, FOLLY LANE, HEREFORD, HR1 1LY - £340,000

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

28 FOLLY LANE is a very large extended detached house of 164m², built sometime between 1900 and 1929. It was last sold for £340,000 in October 2019, which was around 2% below the average October 2019 detached price in the Herefordshire local authority area. The most recent EPC inspection was February 2015, where the current energy rating was F, and the potential energy rating was C.

28 FOLLY LANE Sold Prices

Land registry data shows two sales for 28 FOLLY LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Herefordshire local authority area for the corresponding sale date. One of the two 28 FOLLY LANE sales was for below the average price, whilst the other was 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
2019 18 OCT	£340,000	£345,647	2% below HPI
1998 11 DEC	£115,000	£107,115	7% above HPI

28 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 two 28 FOLLY LANE sales from December 1998 and October 2019 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 December 1998 sale was for 7% above the HPI. So the extrapolation line tracks at 7% above the HPI over time, until the October 2019 sale, where it falls to 2% below the HPI. The line then continues to track at 2% below the HPI.

How Large is 28 FOLLY LANE?

28 FOLLY LANE is 164m², which includes one extension, according to the EPC inspection conducted in February 2015. This puts it in the largest 20% of detached houses in Hereford, based on EPC data. The below chart shows the distribution of detached houses by size in Hereford, and where 28 FOLLY LANE lies on this distribution: 86% of detached houses are smaller than 28 FOLLY LANE, and 13% of houses are larger. Note that EPC data is not available for all properties in Hereford.

28 FOLLY LANE: Plot and Title Map

28 FOLLY LANE sits on a plot of roughly 0.207 of an acre, or 837m². The below map shows the location of 28 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 28 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 28 FOLLY LANE?

28 FOLLY LANE is located in HEREFORD, in the HR1 postcode district. The below map shows the position of No. 28 on FOLLY LANE.