51, FOLLY LANE, HOCKLEY, SS5 4SJ - £371,500

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

51 FOLLY LANE is a very small detached house of 89m², built sometime between 1967 and 1975. It was last sold for £371,500 in September 2016, which was around 20% below the average September 2016 detached price in the Rochford local authority area. The most recent EPC inspection was January 2015, where the current energy rating was D, and the potential energy rating was B.

51 FOLLY LANE Sold Prices

Land registry data shows two sales for 51 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 Rochford local authority area for the corresponding sale date. Both of the two 51 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 19 SEP	£371,500	£465,893	20% below HPI
2015 9 JAN	£260,000	£373,876	30% below HPI

51 FOLLY LANE 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 51 FOLLY LANE sales from January 2015 and September 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 January 2015 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the September 2016 sale, where it rises to 20% below the HPI. The line then continues to track at 20% below the HPI.

How Large is 51 FOLLY LANE?

51 FOLLY LANE is 89m² according to the EPC inspection conducted in January 2015. This puts it in the smallest 20% of detached houses in Hockley, based on EPC data. The below chart shows the distribution of detached houses by size in Hockley, and where 51 FOLLY LANE lies on this distribution: 12% of detached houses are smaller than 51 FOLLY LANE, and 88% of houses are larger. Note that EPC data is not available for all properties in Hockley.

51 FOLLY LANE: Plot and Title Map

51 FOLLY LANE sits on a plot of roughly 0.079 of an acre, or 319m². The below map shows the location of 51 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 51 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 51 FOLLY LANE?

51 FOLLY LANE is located in HOCKLEY, in the SS5 postcode district. The below map shows the position of No. 51 on FOLLY LANE.