Seems similar to what happened to the George and Dragon in Acton which was an established music venue, albeit rock, not folk.

The problems arose when the old co-op store site was redeveloped into yuppie gated luxury apartments to which the buyers objected to the sound bleed, and got the venue closed down. I know it was awfully inconsiderate to build, more than 300 years ago, on a site next to where there would be luxury apartments.....