Folly Lane - HR1 1LY
Key Postcode Insights
HR1 1LY is a residential postcode situated on Folly Lane, Hereford, HR1 with 29 addresses.
It ranks as the 832nd largest and 608th most expensive of the 986 postcodes in the HR1 area. The most common property type is a early-century house built between 1912 and 1935.
The postcode contains a total of 29 properties: 27 houses and 2 flats.
- Ave. Sale Price
- £395,024
- 10 Year change
- up 32.4%
- Ave. Rental Price
- £1,498pcm
- 10 Year change
- up 47.0%
- Ave. £ per ft²
- £255/ft²
- Ave. Gross Yield
- 4.6%/year/yr
Key Postcode Insights
HR1 1LY is a residential postcode situated on Folly Lane, Hereford, HR1 with 29 addresses.
It ranks as the 832nd largest and 608th most expensive of the 986 postcodes in the HR1 area. The most common property type is a early-century house built between 1912 and 1935.
The postcode contains a total of 29 properties: 27 houses and 2 flats.
- Ave. Sale Price
- £395,024
- 10 Year change
- up 32.4%
- Ave. Rental Price
- £1,498pcm
- 10 Year change
- up 47.0%
- Ave. £ per ft²
- £255/ft²
- Ave. Gross Yield
- 4.6%/year/yr
Explore Propertiesin HR1 1LY
- 1 Folly Lane
5 Bed Early-century House
- 2 Folly Lane
House
- 3B Folly Lane
5 Bed Modern House
- 3 Folly Lane
5 Bed Early-century House
- 4 Folly Lane
4 Bed Early-century House
Sales Market Trends
The last sale in HR1 1LY sold for £490,000 on 20th May 2025. Since then prices are down an average of 2.5%.
The current average value in the postcode is £395,024.
The HR1 1LY Sales Market has increased by 32.4% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | -1.8% | £395,024 |
| June 2025 | 2.4% | £402,389 |
| June 2024 | -0.8% | £392,927 |
| June 2023 | 2% | £396,049 |
| June 2022 | 10.4% | £388,330 |
| June 2021 | 7.6% | £351,816 |
| June 2020 | 1.3% | £327,091 |
| June 2019 | 2.7% | £322,943 |
| June 2018 | 2.5% | £314,418 |
| June 2017 | 2.8% | £306,842 |
| June 2016 | 0.4% | £298,422 |
| June 2015 | 3.9% | £297,143 |
| June 2014 | 8.3% | £285,971 |
| June 2013 | -1.3% | £264,048 |
| June 2012 | 0.5% | £267,408 |
| June 2011 | -1.3% | £266,183 |
| June 2010 | 11.6% | £269,600 |
| June 2009 | -12.8% | £241,506 |
| June 2008 | -2.2% | £276,889 |
| June 2007 | 0% | £283,218 |
Rental Market Trends
The current average rental value in the postcode is £1,498.
The HR1 1LY Rental Market has increased by 47.0% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 4.7% | £1,498pcm |
| June 2025 | 3.5% | £1,431pcm |
| June 2024 | 9.1% | £1,382pcm |
| June 2023 | 2.9% | £1,266pcm |
| June 2022 | 10.1% | £1,231pcm |
| June 2021 | 5.4% | £1,118pcm |
| June 2020 | 1.3% | £1,061pcm |
| June 2019 | -0.5% | £1,047pcm |
| June 2018 | 1.9% | £1,053pcm |
| June 2017 | 1.4% | £1,033pcm |
| June 2016 | 5.9% | £1,020pcm |
| June 2015 | 4% | £963pcm |
| June 2014 | 0.9% | £926pcm |
| June 2013 | -0.1% | £918pcm |
| June 2012 | 0.8% | £919pcm |
| June 2011 | 2.3% | £912pcm |
| June 2010 | 8.1% | £892pcm |
| June 2009 | -4.9% | £825pcm |
| June 2008 | 3.6% | £867pcm |
| June 2007 | 0% | £837pcm |
Sales History
The last sale was on 20th May 2025 for £490,000 and since then the market in the area has decreased by 2.5%. The postcode has had a total of 34 sales since 1995.
HR1 1LY has seen 1 sale in the last three years and no sales in the last twelve months.
- Sold May 2025£490,000 | 5 Bed House3B, Folly Lane, Hereford, HR1 1LY3B, Folly Lane, Hereford, HR1 1LY
- Sold Oct 2022£399,950 | 3 Bed Flat18A, Folly Lane, Hereford, HR1 1LY18A, Folly Lane, Hereford, HR1 1LY
- Sold Sep 2022£560,000 | 5 Bed House20, Folly Lane, Hereford, HR1 1LY20, Folly Lane, Hereford, HR1 1LY
- Sold Sep 2022£435,000 | 5 Bed House1, Folly Lane, Hereford, HR1 1LY1, Folly Lane, Hereford, HR1 1LY
- Sold Jun 2021£375,000 | 3 Bed Flat18A, Folly Lane, Hereford, HR1 1LY18A, Folly Lane, Hereford, HR1 1LY
Nearby Postcodes
HR1 1LY is the 832nd largest and the 608th most expensive postcode out of the 986 postcodes in the HR1 area.
- HR1 1NG, Welbeck Avenue, Hereford, HR1HR1 1NG12 Addresses|92 m away
- HR1 1ND, Pilley Road, Hereford, HR1HR1 1ND20 Addresses|94 m away
- HR1 1NE, Folly Drive, Hereford, HR1HR1 1NE10 Addresses|102 m away
- HR1 1RJ, Ledbury Road, Hereford, HR1HR1 1RJ11 Addresses|134 m away
- HR1 1LZ, Clifton Road, Hereford, HR1HR1 1LZ1 Addresses|138 m away
Property Types
- 3 modern houses built after 1980
- 2 mid-century houses built between 1936 and 1979
- 1 house of an unknown age
- 9 early-century houses built between 1912 and 1935
- 14 other addresses of unknown type
- modern house (3)
- mid-century house (2)
- house (1)
- early-century house (9)
- Unknown (14)
Energy Efficiency
- Energy Performance Certificate (EPC) surveys conducted for 15 properties.
- The most common rating is D.
- A (0)
- E (2)
- B (1)
- F (2)
- C (4)
- G (0)
- D (6)
- No EPC (14)
Top 3 Most Expensive Sales
- Sold Nov 2004£800,000 | 1 Bed FlatFlat 1, Cedar Court 36, Folly Lane, Hereford, HR1 1LXFlat 1, Cedar Court 36, Folly Lane, Hereford, HR1 1LX
- Sold Sep 2022£560,000 | 5 Bed House20, Folly Lane, Hereford, HR1 1LY20, Folly Lane, Hereford, HR1 1LY
- Sold May 2025£490,000 | 5 Bed House3B, Folly Lane, Hereford, HR1 1LY3B, Folly Lane, Hereford, HR1 1LY
Schools Nearby
- Broadlands Primary School600 m away
- Hampton Dene Primary School700 m away
- St Paul's CofE Primary School800 m away
- Aylestone School400 m away
- The Bishop of Hereford's Bluecoat School700 m away
- St Mary's RC High School2.4 km away
More reading links
Public Transport Nearby
The closest station to HR1 1LY is Hereford station, which is 1.0 kilometres away.
- Hereford|1.0 km away
- Ledbury|18.4 km away
- Leominster|18.7 km away
- Colwall|23.1 km away
