38, MORELLO DRIVE, NOTTINGHAM, NG8 3QF - £285,000

38 MORELLO DRIVE is a large detached house of 115m². It was last sold for £285,000 in August 2023, which was around 14% below the average August 2023 detached price in the City of Nottingham local authority area. The most recent EPC inspection was October 2018, where the current energy rating was B, and the potential energy rating was A.

38 MORELLO DRIVE Sold Prices

Land registry data shows two sales for 38 MORELLO 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 City of Nottingham local authority area for the corresponding sale date. One of the two 38 MORELLO DRIVE sales was for below the average price, whilst the other was 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
2023 11 AUG	£285,000	£330,330	14% below HPI
2018 9 NOV	£310,000	£246,396	26% above HPI

38 MORELLO DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the City of Nottingham local authority area over time, sourced from the HPI. The two 38 MORELLO DRIVE sales from November 2018 and August 2023 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 November 2018 sale was for 26% above the HPI. So the extrapolation line tracks at 26% above the HPI over time, until the August 2023 sale, where it falls to 14% below the HPI. The line then continues to track at 14% below the HPI.

How Large is 38 MORELLO DRIVE?

38 MORELLO DRIVE is 115m² according to the EPC inspection conducted in October 2018. This puts it in the largest 40% of detached houses in Nottingham, based on EPC data. The below chart shows the distribution of detached houses by size in Nottingham, and where 38 MORELLO DRIVE lies on this distribution: 64% of detached houses are smaller than 38 MORELLO DRIVE, and 35% of houses are larger. Note that EPC data is not available for all properties in Nottingham.

38 MORELLO DRIVE: Plot and Title Map

38 MORELLO DRIVE sits on a plot of roughly 0.063 of an acre, or 255m². The below map shows the location of 38 MORELLO 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 38 MORELLO 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 38 MORELLO DRIVE?

38 MORELLO DRIVE is located in NOTTINGHAM, in the NG8 postcode district. The below map shows the position of No. 38 on MORELLO DRIVE.