3, FOLLY CLOSE, HITCHIN, SG4 9DG - £217,500

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.

3 FOLLY CLOSE is a very small semi-detached house of 73m², built sometime between 1967 and 1975, which could now be worth an estimated £388,737. It was last sold for £217,500 in September 2012, which was around 16% below the average September 2012 semi-detached price in the North Hertfordshire local authority area. The most recent EPC inspection was May 2024, where the current energy rating was D, and the potential energy rating was B.

3 FOLLY CLOSE Sold Prices

Land registry data shows four sales for 3 FOLLY CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average semi-detached price in the North Hertfordshire local authority area for the corresponding sale date. All of the four 3 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
2012 26 SEP	£217,500	£258,237	16% below HPI
2001 9 FEB	£108,000	£126,876	15% below HPI
1996 16 DEC	£69,950	£73,926	5% below HPI
1996 23 AUG	£69,000	£74,097	7% below HPI

3 FOLLY CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the North Hertfordshire local authority area over time, sourced from the HPI. The four 3 FOLLY CLOSE sales between August 1996 and September 2012 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 February 2001 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the September 2012 sale, where it falls to 16% below the HPI. The line then continues to track at 16% below the HPI.

What might 3 FOLLY CLOSE be worth now?

3 FOLLY CLOSE might now be worth an estimated £388,737.

This is based on house price inflation of 78.7%, between September 2012 and February 2025, for semi-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 78.7% inflationary increase is applied to the most recent sale price for 3 FOLLY CLOSE of £217,500 on 26th September 2012. For the value to have increased from £217,500 to £388,737 over the thirteen years and seven months to February 2025, the following assumptions must hold true:

• The value of 3 FOLLY CLOSE has moved in line with the HPI for semi-detached houses in the North Hertfordshire local authority area.
• The September 2012 sale price of £217,500 represented a fair market value for the property.
• The size, condition, and specification of 3 FOLLY CLOSE has not materially changed since September 2012.

How Large is 3 FOLLY CLOSE?

3 FOLLY CLOSE is 73m² according to the EPC inspection conducted in May 2024. This puts it in the smallest 10% of semi-detached houses houses in Hitchin, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Hitchin, and where 3 FOLLY CLOSE lies on this distribution: 3% of semi-detached houses houses are smaller than 3 FOLLY CLOSE, and 96% of houses are larger. Note that EPC data is not available for all properties in Hitchin.

3 FOLLY CLOSE: Plot and Title Map

3 FOLLY CLOSE sits on a plot of roughly 0.036 of an acre, or 145m². The below map shows the location of 3 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 3 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 3 FOLLY CLOSE?

3 FOLLY CLOSE is located in HITCHIN, in the SG4 postcode district. The below map shows the position of No. 3 on FOLLY CLOSE.