This estimated value is based upon the latest sale price for the house of £20,000 on 24 Feb 2000. This value is then adjusted by the current Official House Price Index for HARTLEPOOL1
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|£20,000||24 Feb 2000|
|£9,000||24 Jan 2000|
|£7,500||14 Nov 1997|
This model uses changes in the Official Land Registry House Price Index for HARTLEPOOL to estimate the market value.
When this house was purchased in February 2000 the House Price Index for HARTLEPOOL was 43.7.The House Price Index as of 1 Dec 2019 is 113.3 which is a change of 159.123%.
Applying this 159.123% change to the original purchase price of £20,000 gives us an estimated price now of around £51,824.
|24 Feb 2000||1 Dec 2019||% change||Purchase Price||Gain / Loss||Estimated Price|
The Postcode Pricing Model uses changes in average sales price within the TS26 postcode to calculate an estimated price.
The average sales price when the house was purchased is compared with the current average sales price.
This change is then applied to the initial purchase price to derive the current estimated price.
Three different estimates are shown, with averages drawn from 1 month, 3 month and 6 month timeframes.
The longer timeframes give less volatile estimates, but are not so timely.
More information on this model and the calculations
|Change %||Change £||Estimated Price|
|1 Month Average||118.297 %||£23,659||£43,659|
|3 Month Average||150.848 %||£30,169||£50,169|
|6 Month Average||113.992 %||£22,798||£42,798|