9, FOLLY LANE, HEREFORD, HR1 1LY - £403,000

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

9 FOLLY LANE is a very large extended detached house of 150m², built sometime between 1930 and 1949. It was last sold for £403,000 in January 2020, which was around 17% above the average January 2020 detached price in the Herefordshire local authority area. The most recent EPC inspection was March 2011, where the current energy rating was D, and the potential energy rating was D.

9 FOLLY LANE Sold Prices

Land registry data shows four sales for 9 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 9 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 3 JAN	£403,000	£343,455	17% above HPI
2011 20 AUG	£338,000	£266,674	27% above HPI
2006 11 JUL	£310,000	£265,092	17% above HPI
2004 27 FEB	£234,000	£224,374	4% above HPI

9 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 9 FOLLY LANE sales between February 2004 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 August 2011 sale was for 27% above the HPI. So the extrapolation line tracks at 27% above the HPI over time, until the January 2020 sale, where it falls to 17% above the HPI. The line then continues to track at 17% above the HPI.

How Large is 9 FOLLY LANE?

9 FOLLY LANE is 150m², which includes two extensions, according to the EPC inspection conducted in March 2011. 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 9 FOLLY LANE lies on this distribution: 80% of detached houses are smaller than 9 FOLLY LANE, and 20% of houses are larger. Note that EPC data is not available for all properties in Hereford.

9 FOLLY LANE: Plot and Title Map

9 FOLLY LANE sits on a plot of roughly 0.136 of an acre, or 552m². The below map shows the location of 9 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 9 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 9 FOLLY LANE?

9 FOLLY LANE is located in HEREFORD, in the HR1 postcode district. The below map shows the position of No. 9 on FOLLY LANE.