7, FOLLY LANE, HEREFORD, HR1 1LY - £470,000

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

7 FOLLY LANE is a very large extended detached house of 216m², built sometime between 1930 and 1949. It was last sold for £470,000 in January 2020, which was around 37% above the average January 2020 detached price in the Herefordshire local authority area. The most recent EPC inspection was August 2019, where the current energy rating was D, and the potential energy rating was C.

7 FOLLY LANE Sold Prices

Land registry data shows four sales for 7 FOLLY LANE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Herefordshire local authority area for the corresponding sale date. All of the four 7 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
2020 17 JAN	£470,000	£343,455	37% above HPI
2012 25 MAY	£345,000	£266,544	29% above HPI
2003 27 NOV	£292,000	£216,850	35% above HPI
2000 15 DEC	£215,000	£136,533	57% above HPI

7 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 four 7 FOLLY LANE sales between December 2000 and January 2020 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 May 2012 sale was for 29% above the HPI. So the extrapolation line tracks at 29% above the HPI over time, until the January 2020 sale, where it rises to 37% above the HPI. The line then continues to track at 37% above the HPI.

How Large is 7 FOLLY LANE?

7 FOLLY LANE is 216m², which includes four extensions, according to the EPC inspection conducted in August 2019. This puts it in the largest 10% of detached houses in Hereford, based on EPC data. The below chart shows the distribution of detached houses by size in Hereford, and where 7 FOLLY LANE lies on this distribution: 95% of detached houses are smaller than 7 FOLLY LANE, and 5% of houses are larger. Note that EPC data is not available for all properties in Hereford.

7 FOLLY LANE: Plot and Title Map

7 FOLLY LANE sits on a plot of roughly 0.179 of an acre, or 723m². The below map shows the location of 7 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 7 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 7 FOLLY LANE?

7 FOLLY LANE is located in HEREFORD, in the HR1 postcode district. The below map shows the position of No. 7 on FOLLY LANE.