24, MORELLO DRIVE, NOTTINGHAM, NG8 3QF - £370,000

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

24 MORELLO DRIVE is a large detached house of 114m². It was last sold for £370,000 in May 2024, which was around 17% above the average May 2024 detached price in the City of Nottingham local authority area. The most recent EPC inspection was July 2020, where the current energy rating was B, and the potential energy rating was A.

24 MORELLO DRIVE Sold Prices

Land registry data shows two sales for 24 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. Both of the two 24 MORELLO DRIVE 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
2024 23 MAY	£370,000	£316,637	17% above HPI
2020 7 AUG	£305,000	£264,024	16% above HPI

24 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 24 MORELLO DRIVE sales from August 2020 and May 2024 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 August 2020 sale was for 16% above the HPI. So the extrapolation line tracks at 16% above the HPI over time, until the May 2024 sale, where it rises to 17% above the HPI. The line then continues to track at 17% above the HPI.

How Large is 24 MORELLO DRIVE?

24 MORELLO DRIVE is 114m² according to the EPC inspection conducted in July 2020. 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 24 MORELLO DRIVE lies on this distribution: 62% of detached houses are smaller than 24 MORELLO DRIVE, and 36% of houses are larger. Note that EPC data is not available for all properties in Nottingham.

24 MORELLO DRIVE: Plot and Title Map

24 MORELLO DRIVE sits on a plot of roughly 0.058 of an acre, or 236m². The below map shows the location of 24 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 24 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 24 MORELLO DRIVE?

24 MORELLO DRIVE is located in NOTTINGHAM, in the NG8 postcode district. The below map shows the position of No. 24 on MORELLO DRIVE.