THE FOLLY, HILLCREST, DURHAM, DH1 1RB - £385,000

THE FOLLY is a small extended detached house of 100m², built sometime between 1976 and 1982. It was last sold for £385,000 in February 2022, which was around 92% above the average February 2022 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 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 County Durham local authority area for the corresponding sale date. Both of the two 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
2022 18 FEB	£385,000	£200,404	92% above HPI
2017 30 JUN	£220,000	£166,031	33% 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 two THE FOLLY sales from June 2017 and February 2022 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 June 2017 sale was for 33% above the HPI. So the extrapolation line tracks at 33% above the HPI over time, until the February 2022 sale, where it rises to 92% above the HPI. The line then continues to track at 92% above the HPI.

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 in Durham, based on EPC data. The below chart shows the distribution of detached houses by size in Durham, and where THE FOLLY lies on this distribution: 21% of detached 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.