OAKRIDGE, OLD TEWKESBURY ROAD, NORTON, GLOUCESTER, GL2 9LR - £507,000

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.

OAKRIDGE is a large extended detached house of 190m², built sometime between 1983 and 1990, which could now be worth an estimated £632,485. It was last sold for £507,000 in May 2020, which was around 24% above the average May 2020 detached price in the Tewkesbury local authority area. The most recent EPC inspection was April 2020, where the current energy rating was D, and the potential energy rating was C.

OAKRIDGE Sold Prices

Land registry data shows two sales for OAKRIDGE 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 OAKRIDGE 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
2020 29 MAY	£507,000	£407,438	24% above HPI
2011 27 MAY	£460,000	£272,528	69% above HPI

OAKRIDGE 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 OAKRIDGE sales from May 2011 and May 2020 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 2011 sale was for 69% above the HPI. So the extrapolation line tracks at 69% above the HPI over time, until the May 2020 sale, where it falls to 24% above the HPI. The line then continues to track at 24% above the HPI.

What might OAKRIDGE be worth now?

OAKRIDGE might now be worth an estimated £632,485.

This is based on house price inflation of 24.8%, between May 2020 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 24.8% inflationary increase is applied to the most recent sale price for OAKRIDGE of £507,000 on 29th May 2020. For the value to have increased from £507,000 to £632,485 over the five years and three months to February 2025, the following assumptions must hold true:

• The value of OAKRIDGE has moved in line with the HPI for detached houses in the Tewkesbury local authority area.
• The May 2020 sale price of £507,000 represented a fair market value for the property.
• The size, condition, and specification of OAKRIDGE has not materially changed since May 2020.

How Large is OAKRIDGE?

OAKRIDGE is 190m², which includes one extension, according to the EPC inspection conducted in April 2020. This puts it in the largest 40% 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 OAKRIDGE lies on this distribution: 64% of detached houses houses are smaller than OAKRIDGE, and 35% of houses are larger. Note that EPC data is not available for all properties in Norton.

OAKRIDGE: Plot and Title Map

OAKRIDGE sits on a plot of roughly 0.128 of an acre, or 519m². The below map shows the location of OAKRIDGE, 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 OAKRIDGE). 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 OAKRIDGE?

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