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

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

DRIFTWOOD is a very large extended detached house of 328m², built sometime from 2007 onwards. It was last sold for £1,000,000 in July 2016, which was around 161% 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	£383,736	161% above HPI
2003 14 MAY	£200,000	£251,132	20% 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 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the July 2016 sale, where it rises to 161% above the HPI. The line then continues to track at 161% above the HPI.

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 in Norton, based on EPC data. The below chart shows the distribution of detached houses by size in Norton, and where DRIFTWOOD lies on this distribution: 99% of detached 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.