THE FOLLY, THORNCROFT DRIVE, LEATHERHEAD, KT22 8JB - £549,950

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

THE FOLLY is a very small detached house of 100m², built sometime between 1930 and 1949. It was last sold for £549,950 in March 2021, which was around 34% below the average March 2021 detached price in the Mole Valley local authority area. The most recent EPC inspection was December 2018, where the current energy rating was E, and the potential energy rating was B.

THE FOLLY Sold Prices

Land registry data shows two sales for THE FOLLY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Mole Valley local authority area for the corresponding sale date. One of the two THE FOLLY sales was for below the average price, whilst the other was 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
2021 12 MAR	£549,950	£831,258	34% below HPI
1997 16 DEC	£229,950	£225,467	2% above HPI

THE FOLLY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Mole Valley local authority area over time, sourced from the HPI. The two THE FOLLY sales from December 1997 and March 2021 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 December 1997 sale was for 2% above the HPI. So the extrapolation line tracks at 2% above the HPI over time, until the March 2021 sale, where it falls to 34% below the HPI. The line then continues to track at 34% below the HPI.

How Large is THE FOLLY?

THE FOLLY is 100m² according to the EPC inspection conducted in December 2018. This puts it in the smallest 20% of detached houses in Leatherhead, based on EPC data. The below chart shows the distribution of detached houses by size in Leatherhead, and where THE FOLLY lies on this distribution: 16% of detached houses are smaller than THE FOLLY, and 83% of houses are larger. Note that EPC data is not available for all properties in Leatherhead.

THE FOLLY: Plot and Title Map

THE FOLLY sits on a plot of roughly 0.055 of an acre, or 221m². 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 THORNCROFT DRIVE in LEATHERHEAD, in the KT22 postcode district. The below map shows the position of THE FOLLY on THORNCROFT DRIVE.