3, PETREL WAY, MORLEY, LEEDS, LS27 8GB - £240,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

3 PETREL WAY is a large extended detached house of 114m², built sometime between 1991 and 1995. It was last sold for £240,000 in April 2007, which was around 10% below the average April 2007 detached price in the Leeds local authority area. The most recent EPC inspection was July 2017, where the current energy rating was C, and the potential energy rating was B.

3 PETREL WAY Sold Prices

Land registry data shows three sales for 3 PETREL WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Leeds local authority area for the corresponding sale date. The three 3 PETREL WAY sales were a mix of below the average price, and roughly equal to 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
2007 20 APR	£240,000	£265,657	10% below HPI
2000 12 MAY	£96,500	£110,913	13% below HPI
1997 27 JUN	£92,950	£92,958	Close to HPI

3 PETREL WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Leeds local authority area over time, sourced from the HPI. The three 3 PETREL WAY sales between June 1997 and April 2007 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 2000 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the April 2007 sale, where it rises to 10% below the HPI. The line then continues to track at 10% below the HPI.

How Large is 3 PETREL WAY?

3 PETREL WAY is 114m², which includes one extension, according to the EPC inspection conducted in July 2017. This puts it in the largest 40% of detached houses in Morley, based on EPC data. The below chart shows the distribution of detached houses by size in Morley, and where 3 PETREL WAY lies on this distribution: 65% of detached houses are smaller than 3 PETREL WAY, and 33% of houses are larger. Note that EPC data is not available for all properties in Morley.

3 PETREL WAY: Plot and Title Map

3 PETREL WAY sits on a plot of roughly 0.083 of an acre, or 337m². The below map shows the location of 3 PETREL WAY, 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 3 PETREL WAY). 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 3 PETREL WAY?

3 PETREL WAY is located in MORLEY, in the LS27 postcode district. The below map shows the position of No. 3 on PETREL WAY.