42, FORMBY CLOSE, HARTLEPOOL, TS27 3PT - £190,000

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

42 FORMBY CLOSE is a large detached house of 127m², built sometime between 1967 and 1975. It was last sold for £190,000 in February 2006, which was around 9% above the average February 2006 detached price in the Hartlepool local authority area. The most recent EPC inspection was April 2011, where the current energy rating was D, and the potential energy rating was D.

42 FORMBY CLOSE Sold Prices

Land registry data shows two sales for 42 FORMBY CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Hartlepool local authority area for the corresponding sale date. Both of the two 42 FORMBY CLOSE 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
2006 3 FEB	£190,000	£173,853	9% above HPI
2000 6 OCT	£79,950	£77,900	3% above HPI

42 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 two 42 FORMBY CLOSE sales from October 2000 and February 2006 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 October 2000 sale was for 3% above the HPI. So the extrapolation line tracks at 3% above the HPI over time, until the February 2006 sale, where it rises to 9% above the HPI. The line then continues to track at 9% above the HPI.

What might 42 FORMBY CLOSE be worth now?

42 FORMBY CLOSE might now be worth an estimated £265,971.

This is based on house price inflation of 40%, between February 2006 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 40% inflationary increase is applied to the most recent sale price for 42 FORMBY CLOSE of £190,000 on 3rd February 2006. For the value to have increased from £190,000 to £265,971 over the seventeen years and two months to December 2024, the following assumptions must hold true:

• The value of 42 FORMBY CLOSE has moved in line with the HPI for detached houses in the Hartlepool local authority area.
• The February 2006 sale price of £190,000 represented a fair market value for the property.
• The size, condition, and specification of 42 FORMBY CLOSE has not materially changed since February 2006.

How Large is 42 FORMBY CLOSE?

42 FORMBY CLOSE is 127m² according to the EPC inspection conducted in April 2011. This puts it in the largest 40% 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 42 FORMBY CLOSE lies on this distribution: 66% of detached houses houses are smaller than 42 FORMBY CLOSE, and 34% of houses are larger. Note that EPC data is not available for all properties in Hartlepool.

42 FORMBY CLOSE: Plot and Title Map

42 FORMBY CLOSE sits on a plot of roughly 0.108 of an acre, or 438m². The below map shows the location of 42 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 42 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 42 FORMBY CLOSE?

42 FORMBY CLOSE is located in HARTLEPOOL, in the TS27 postcode district. The below map shows the position of No. 42 on FORMBY CLOSE.