38, FORMBY CLOSE, HARTLEPOOL, TS27 3PT - £154,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

38 FORMBY CLOSE is a midsized extended detached house of 108m², built sometime between 1967 and 1975. It was last sold for £154,000 in May 2015, which was around 8% below the average May 2015 detached price in the Hartlepool local authority area. The most recent EPC inspection was April 2014, where the current energy rating was E, and the potential energy rating was C.

38 FORMBY CLOSE Sold Prices

Land registry data shows three sales for 38 FORMBY CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Hartlepool local authority area for the corresponding sale date. All of the three 38 FORMBY CLOSE sales were for below 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
2015 28 MAY	£154,000	£168,265	8% below HPI
2014 21 NOV	£160,000	£170,610	6% below HPI
2000 26 MAY	£76,000	£81,230	6% below HPI

38 FORMBY CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Hartlepool local authority area over time, sourced from the HPI. The three 38 FORMBY CLOSE sales between May 2000 and May 2015 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 November 2014 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the May 2015 sale, where it falls to 8% below the HPI. The line then continues to track at 8% below the HPI.

What might 38 FORMBY CLOSE be worth now?

38 FORMBY CLOSE might now be worth an estimated £222,736.

This is based on house price inflation of 44.6%, between May 2015 and December 2024, for detached houses, in the Hartlepool local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 44.6% inflationary increase is applied to the most recent sale price for 38 FORMBY CLOSE of £154,000 on 28th May 2015. For the value to have increased from £154,000 to £222,736 over the eight years and five months to December 2024, the following assumptions must hold true:

• The value of 38 FORMBY CLOSE has moved in line with the HPI for detached houses in the Hartlepool local authority area.
• The May 2015 sale price of £154,000 represented a fair market value for the property.
• The size, condition, and specification of 38 FORMBY CLOSE has not materially changed since May 2015.

How Large is 38 FORMBY CLOSE?

38 FORMBY CLOSE is 108m², which includes one extension, according to the EPC inspection conducted in April 2014. This puts it in the smallest 50% of detached houses houses in Hartlepool, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hartlepool, and where 38 FORMBY CLOSE lies on this distribution: 45% of detached houses houses are smaller than 38 FORMBY CLOSE, and 55% of houses are larger. Note that EPC data is not available for all properties in Hartlepool.

38 FORMBY CLOSE: Plot and Title Map

38 FORMBY CLOSE sits on a plot of roughly 0.073 of an acre, or 294m². The below map shows the location of 38 FORMBY CLOSE, 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 38 FORMBY CLOSE). 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 38 FORMBY CLOSE?

38 FORMBY CLOSE is located in HARTLEPOOL, in the TS27 postcode district. The below map shows the position of No. 38 on FORMBY CLOSE.