Leasehold
Semi-detached house
Today's price
£
Last sold: July 2016 @ £360,000
Investment rating

No investment rating available for this property.

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Last updated: 04/05/2021

How much has this property changed in price since it was last sold?

7 Gables Drive, Hockerton is a leasehold semi-detached house - it is ranked as the 5th most expensive property in NG25 0QU, with a valuation of £400,000.

Since it last sold in July 2016 for £360,000, its value has increased by £40,000. You can refine the property valuation to take account of any home improvements by clicking here.

What are the people like that live here?

Find out how old the residents are, as well as their religious beliefs, fitness and health, unemployment levels and what proportion rent versus own their own home.

How does this property compare to others in this postcode?

We've compared this property to all the other properties in NG25 0QU* and calculate that this property is the 5th most expensive property in this postcode.

Property price rank
Ranked 5th out of 5 on price in NG25 0QU

Sale history

7 Gables Drive, Hockerton has sold 1 time over the last 26 years. It is one of the cheaper properties in NG25 0QU, valued at £400,000.

Today, the properties in this postcode are valued between £400,000 and £593,000.

Sale date Price paid Price change
Today's value £400,000 11.1%
25 July 2016 £360,000 -
Compare against other sales in NG25 0QU

Property investment performance

Sold price
£360,000
25 July, 2016

This is the only recorded sale for 7 Gables Drive, Hockerton, since HM Land Registry started publishing property sales in 1995.

How often does property become available here?

There have been 4 sales in this postcode over the last ten years.

The three most recent sales were for £450,000 in October 2019, £360,000 in July 2016 and £430,000 in December 2015.

Valuation price range
  • Minimum sale price: £371,805
  • Expected sale price: £400,000
  • Maximum sale price: £427,992
If the owner is keen to sell quickly they are more likely to realise the lower end of this valuation.

Semi-detached houses in NG25 0 have increased in price by 3.6% over the last 5 years.

Cost per square foot
£476
Based on a valuation of £400,000.

We recommend using the cost per square foot as a way to compare this property against similar properties in this area.

Property valuation details

£507,600
The average price that property in this postcode would sell for today.
21%
This property is 21% cheaper than the average property in NG25 0QU.
£40,000
This property has increased in price by £40,000 since its last sale.

7 Gables Drive, Hockerton is a leasehold semi-detached house valued at £400,000 making it the 5th most expensive property in NG25 0QU.

This property was constructed between 2003 and 2006 and has an energy efficiency rating of F.

House price growth

Since it last sold for £360,000 in July 2016, we calculate that its price has increased by £40,000 (11%) over the 4 years that the current owners have lived in the property.

We expect it to sell for a minimum of £371,805 in today's market whilst having an upper valuation coming in at £427,992.

It has sold only one time since 1995.

What is the cost per square foot?

This property has a total floor area of 840 square feet, with a valuation today sitting at £400,000, we would expect this property to sell for around £476 per square foot.

Recent sales in the surrounding roads

Scanning for recent sales near here
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Valuation summary

This property is:

  • 21% less expensive than the average property in NG25 0QU, which stands at £507,600.
  • now worth £40,000 (11%) more than when it was purchased in July 2016.

If this property sold today, we estimate that it would sell for £400,000 and sit within a price band ranging between £371,805 and £427,992.

Please note, as this property has previously been sold on a lease, if the owner has renewed the lease, the value of the property could be significantly higher.

Property price band

£372,000 - £428,000
Current valuation: £400,000
80.7% confidence
If 7 Gables Drive, Hockerton was put on the market today, we estimate that it will sell for between £372,000 and £428,000, with the most likely sale price being around £400,000 with a confidence of 80.7%.

How have prices risen in this postcode?

Today's price
£593,000
Last sold: 2013 @ £436,400
4 Mystery Hill, Gables Drive
Terraced house Leasehold
Today's price
£527,000
Last sold: 2019 @ £450,000
2 Mystery Hill, Gables Drive
Terraced house Leasehold
Today's price
£518,000
Last sold: 2002 @ £223,000
5 Mystery Hill, Gables Drive
Detached house Leasehold
Today's price
£500,000
Last sold: 2015 @ £430,000
3 Mystery Hill, Gables Drive
Terraced house Leasehold
Today's price
£400,000
Last sold: 2016 @ £360,000
7 Gables Drive, Hockerton
Semi-detached Leasehold

Today, the upper price boundary that semi-detached houses encounter here is £360,000.

Whilst at the lower end of the market, semi-detached houses are available from £86,250.
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Thinking of selling?

The difference between an online agent and a local agent really comes down to whether you can walk into a local branch or not.

Typically online agents will offer you a fixed sale price (often paid upfront), where as a local agent will want a slice of your sale price (typically starting at 0.5% for the cheapest agents and up to around 3% for the strongest brands - don't forget they will often add VAT to this price as well!).

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Property price rises since 1995

Here we show you the prices paid for semi-detached houses located in postcodes starting with NG25 0 since 1995.

We've published the minimum price, the average price and the highest price paid each year*.

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Unless the property has been refurbished or extended, we would expect the blue dots (which show the sale price for 7 Gables Drive, Hockerton) to stay roughly the same relative distance away from the green line (which represents the average price in this area).

* We remove outliers, so if a castle has sold for £25m, we won't include it in these figures as it skews the data and makes it less meaningful.

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The green line in the chart shows the average semi-detached house price since 1995 for postcodes that begin with NG25 0.

Over the last 5 years 182 semi-detached houses have sold in this area (NG25 0), during this time the average price has risen by 3.6%.

Recent sales in NG25 0

* Excluding properties that we've been unable to calculate a valuation for.

Whilst all reasonable effort is made to ensure the information in this website is current, The Move Market does not warrant the accuracy or completeness (including reliability, currency or suitability) of the data and information contained on this website and accepts no liability (including without limitation, liability in negligence) for any loss or damage or costs (including consequential damage) arising in connection with the data and information contained on this website. The estimate of current value ranges provided on the website are based on a proprietary automated valuation estimate provided by The Move Market. Any estimated values ranges are current at the date of the publication only. It is computer generated and is not a professional appraisal of the subject property and should not be relied upon in lieu of appropriate professional advice. The accuracy of the methodology used to develop the valuation, the existence of the subject property, the accuracy of the estimate and all rule sets provided are estimates based on available data and are not guaranteed or warranted. The Move Market excludes all liability for any loss or damage arising in connection with the estimated value provided in this report.