DRIFTWOOD, OLD TEWKESBURY ROAD, NORTON, GLOUCESTER, GL2 9LR - £1,000,000

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.

DRIFTWOOD is a very large extended detached house of 328m², built sometime from 2007 onwards, which could now be worth an estimated £1,394,216. It was last sold for £1,000,000 in July 2016, which was around 174% above the average July 2016 detached price in the Tewkesbury local authority area. The most recent EPC inspection was June 2013, where the current energy rating was C, and the potential energy rating was C.

DRIFTWOOD Sold Prices

Land registry data shows two sales for DRIFTWOOD 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. One of the two DRIFTWOOD sales was for above the average price, whilst the other was 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
2016 22 JUL	£1,000,000	£364,564	174% above HPI
2003 14 MAY	£200,000	£238,585	16% below HPI

DRIFTWOOD 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 DRIFTWOOD sales from May 2003 and July 2016 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 May 2003 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the July 2016 sale, where it rises to 174% above the HPI. The line then continues to track at 174% above the HPI.

What might DRIFTWOOD be worth now?

DRIFTWOOD might now be worth an estimated £1,394,216.

This is based on house price inflation of 39.4%, between July 2016 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 39.4% inflationary increase is applied to the most recent sale price for DRIFTWOOD of £1,000,000 on 22nd July 2016. For the value to have increased from £1,000,000 to £1,394,216 over the nine years and five months to February 2025, the following assumptions must hold true:

• The value of DRIFTWOOD has moved in line with the HPI for detached houses in the Tewkesbury local authority area.
• The July 2016 sale price of £1,000,000 represented a fair market value for the property.
• The size, condition, and specification of DRIFTWOOD has not materially changed since July 2016.

How Large is DRIFTWOOD?

DRIFTWOOD is 328m², which includes four extensions, according to the EPC inspection conducted in June 2013. This puts it in the largest 10% 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 DRIFTWOOD lies on this distribution: 99% of detached houses houses are smaller than DRIFTWOOD, and 1% of houses are larger. Note that EPC data is not available for all properties in Norton.

DRIFTWOOD: Plot and Title Map

DRIFTWOOD sits on a plot of roughly 0.432 of an acre, or 1,748m². The below map shows the location of DRIFTWOOD, 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 DRIFTWOOD). 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 DRIFTWOOD?

DRIFTWOOD is located on OLD TEWKESBURY ROAD in NORTON, in the GL2 postcode district. The below map shows the position of DRIFTWOOD on OLD TEWKESBURY ROAD.