THE FOLLY, HILLCREST, DURHAM, DH1 1RB - £412,500

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

THE FOLLY is a small extended detached house of 100m², built sometime between 1976 and 1982, which could now be worth an estimated £440,007. It was last sold for £412,500 in August 2024, which was around 88% above the average August 2024 detached price in the County Durham local authority area. The most recent EPC inspection was June 2021, where the current energy rating was D, and the potential energy rating was B.

THE FOLLY Sold Prices

Land registry data shows three sales for THE FOLLY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the County Durham local authority area for the corresponding sale date. All of the three THE FOLLY 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
2024 23 AUG	£412,500	£219,916	88% above HPI
2022 18 FEB	£385,000	£202,428	90% above HPI
2017 30 JUN	£220,000	£170,671	29% above HPI

THE FOLLY Price Paid vs. HPI Average

The below graph shows the average detached house price in the County Durham local authority area over time, sourced from the HPI. The three THE FOLLY sales between June 2017 and August 2024 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 2022 sale was for 90% above the HPI. So the extrapolation line tracks at 90% above the HPI over time, until the August 2024 sale, where it falls to 88% above the HPI. The line then continues to track at 88% above the HPI.

What might THE FOLLY be worth now?

THE FOLLY might now be worth an estimated £440,007.

This is based on house price inflation of 6.7%, between August 2024 and December 2024, for detached houses, in the County Durham local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 6.7% inflationary increase is applied to the most recent sale price for THE FOLLY of £412,500 on 23rd August 2024. For the value to have increased from £412,500 to £440,007 over the eight months to December 2024, the following assumptions must hold true:

• The value of THE FOLLY has moved in line with the HPI for detached houses in the County Durham local authority area.
• The August 2024 sale price of £412,500 represented a fair market value for the property.
• The size, condition, and specification of THE FOLLY has not materially changed since August 2024.

How Large is THE FOLLY?

THE FOLLY is 100m², which includes one extension, according to the EPC inspection conducted in June 2021. This puts it in the smallest 30% of detached houses houses in Durham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Durham, and where THE FOLLY lies on this distribution: 21% of detached houses houses are smaller than THE FOLLY, and 77% of houses are larger. Note that EPC data is not available for all properties in Durham.

THE FOLLY: Plot and Title Map

THE FOLLY sits on a plot of roughly 0.126 of an acre, or 511m². The below map shows the location of THE FOLLY, 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 THE FOLLY). 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 THE FOLLY?

THE FOLLY is located on HILLCREST in DURHAM, in the DH1 postcode district. The below map shows the position of THE FOLLY on HILLCREST.