78, Folly Lane
78, Folly Lane
Description & Estimates
78, Folly Lane, Hockley is recorded publicly as an early-century freehold house across 3,303 ft2 of internal area, sitting on a 1,613 m2 plot.
Locally, houses of this size normally have 5 bedrooms with a garden.
Our estimate of the sale value of 78, Folly Lane, Hockley is £1,274,273 and its rental estimate is £4,744 per month, given the available information and assuming reasonable condition.
Folly Lane, Hockley, SS5 falls within the SS5 postal district, in the borough of Rochford.
Our Data Sources
78, Folly Lane, Hockley has a single entry in the Land Registry from December 2011 and a single entry in the EPC database dated August 2011.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 1 out of 5 and is considered of low accuracy.
Price Range & Condition
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For 78, Folly Lane, Hockley, we estimate a market value of £1,337,987 and a rental value of £4,981 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £1,185,074 and £4,412 per month respectively.
Recent Market Change
Over the last year, 78, Folly Lane, Hockley has seen its estimated sale value fall by £13,777 (1.1%) and its estimated rental value move up by £103 per month (2.2%). This results in an estimated gross rental yield of 4.5%.
Plot Size
HM Land Registry records the plot of land for 78, Folly Lane, Hockley as measuring 1,613 m2.
That makes it the largest plot in the postcode, where 9 of the 14 other houses have recorded plot data.
Energy Efficiency
78, Folly Lane, Hockley has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 24 Aug 2011.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
The most recent sale of 78, Folly Lane, Hockley completed on 12th December 2011 at £725,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 this is the property's only sale.
Values of comparable properties have risen by 42.4% over the period since December 2011.
- Sold Dec 2011£725,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 78, Folly Lane, Hockley have sold within a radius of 1.3 kilometres, per the Land Registry and our network of Estate Agents.
The latest, on the 6th October 2021, was 67, High Road, Hockley, SS5 4SZ, a freehold house which sold for £1,300,000.
Read more about house prices in SS5.
- Sold Oct 2021£1,300,000 | 5 Bed House67, High Road, Hockley, SS5 4SZ67, High Road, Hockley, SS5 4SZ
- Sold Sep 2021£1,100,000 | 5 Bed House27, High Road, Hockley, SS5 4SY27, High Road, Hockley, SS5 4SY
- Sold Apr 2016£1,050,000 | 5 Bed HouseOld Vicarage, Church Road, Hockley, SS5 6AGOld Vicarage, Church Road, Hockley, SS5 6AG
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 92 addresses on Folly Lane, Hockley, SS5, 78, Folly Lane, Hockley comes out as the 4th largest and the 2nd most expensive in our analysis of the public data.
It is also £817k more expensive than the average property across the SS5 district.
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Schools Nearby
- 600mLift Hockley
- 1.6kmLift Westerings
- 1.9kmLift Plumberow
- 2.0kmLift Greensward
- 2.2kmThe FitzWimarc School
- 2.8kmThe Sweyne Park School
More reading links
Public Transport Nearby
From 78, Folly Lane, Hockley, the nearest station is Hockley, 1.5 kilometres away.
- 1.5kmHockley
- 3.0kmRayleigh
- 5.1kmRochford
Available Internet Speeds
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
