56, FOLLY LANE, HOCKLEY, SS5 4SJ - £410,000

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

56 FOLLY LANE is a midsized detached house of 144m², built sometime between 1983 and 1990. It was last sold for £410,000 in August 2013, which was around 25% above the average August 2013 detached price in the Rochford local authority area. The most recent EPC inspection was March 2013, where the current energy rating was D, and the potential energy rating was B.

56 FOLLY LANE Sold Prices

Land registry data shows three sales for 56 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 Rochford local authority area for the corresponding sale date. All of the three 56 FOLLY LANE 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
2013 28 AUG	£410,000	£327,902	25% above HPI
2004 15 MAR	£350,000	£276,856	26% above HPI
1997 8 SEP	£169,950	£109,225	56% above HPI

56 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 three 56 FOLLY LANE sales between September 1997 and August 2013 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 March 2004 sale was for 26% above the HPI. So the extrapolation line tracks at 26% above the HPI over time, until the August 2013 sale, where it falls to 25% above the HPI. The line then continues to track at 25% above the HPI.

How Large is 56 FOLLY LANE?

56 FOLLY LANE is 144m² according to the EPC inspection conducted in March 2013. This puts it in the largest 50% of detached houses in Hockley, based on EPC data. The below chart shows the distribution of detached houses by size in Hockley, and where 56 FOLLY LANE lies on this distribution: 57% of detached houses are smaller than 56 FOLLY LANE, and 42% of houses are larger. Note that EPC data is not available for all properties in Hockley.

56 FOLLY LANE: Plot and Title Map

56 FOLLY LANE sits on a plot of roughly 0.169 of an acre, or 684m². The below map shows the location of 56 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 56 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 56 FOLLY LANE?

56 FOLLY LANE is located in HOCKLEY, in the SS5 postcode district. The below map shows the position of No. 56 on FOLLY LANE.