2, MANDALAY DRIVE, NORTON, GLOUCESTER, GL2 9LD - £500,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

2 MANDALAY DRIVE is a midsized extended detached house of 187m², built sometime between 2003 and 2006, which could now be worth an estimated £632,863. It was last sold for £500,000 in November 2018, which was around 25% above the average November 2018 detached price in the Tewkesbury local authority area. The most recent EPC inspection was November 2016, where the current energy rating was C, and the potential energy rating was C.

2 MANDALAY DRIVE Sold Prices

Land registry data shows two sales for 2 MANDALAY DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Tewkesbury local authority area for the corresponding sale date. Both of the two 2 MANDALAY DRIVE 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
2018 23 NOV	£500,000	£401,573	25% above HPI
2003 26 AUG	£350,000	£237,245	48% above HPI

2 MANDALAY DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Tewkesbury local authority area over time, sourced from the HPI. The two 2 MANDALAY DRIVE sales from August 2003 and November 2018 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 August 2003 sale was for 48% above the HPI. So the extrapolation line tracks at 48% above the HPI over time, until the November 2018 sale, where it falls to 25% above the HPI. The line then continues to track at 25% above the HPI.

What might 2 MANDALAY DRIVE be worth now?

2 MANDALAY DRIVE might now be worth an estimated £632,863.

This is based on house price inflation of 26.6%, between November 2018 and February 2025, for detached houses, in the Tewkesbury local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 26.6% inflationary increase is applied to the most recent sale price for 2 MANDALAY DRIVE of £500,000 on 23rd November 2018. For the value to have increased from £500,000 to £632,863 over the seven years and nine months to February 2025, the following assumptions must hold true:

• The value of 2 MANDALAY DRIVE has moved in line with the HPI for detached houses in the Tewkesbury local authority area.
• The November 2018 sale price of £500,000 represented a fair market value for the property.
• The size, condition, and specification of 2 MANDALAY DRIVE has not materially changed since November 2018.

How Large is 2 MANDALAY DRIVE?

2 MANDALAY DRIVE is 187m², which includes one extension, according to the EPC inspection conducted in November 2016. This puts it in the largest 50% of detached houses houses in Norton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Norton, and where 2 MANDALAY DRIVE lies on this distribution: 57% of detached houses houses are smaller than 2 MANDALAY DRIVE, and 43% of houses are larger. Note that EPC data is not available for all properties in Norton.

2 MANDALAY DRIVE: Plot and Title Map

2 MANDALAY DRIVE sits on a plot of roughly 0.120 of an acre, or 487m². The below map shows the location of 2 MANDALAY DRIVE, 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 2 MANDALAY DRIVE). 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 2 MANDALAY DRIVE?

2 MANDALAY DRIVE is located in NORTON, in the GL2 postcode district. The below map shows the position of No. 2 on MANDALAY DRIVE.