8, MORELLO AVENUE, CARLTON, NOTTINGHAM, NG4 3BU - £144,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

8 MORELLO AVENUE is a very small detached house of 70m², built sometime between 1983 and 1990, which could now be worth an estimated £283,600. It was last sold for £144,000 in June 2010, which was around 24% below the average June 2010 detached price in the Gedling local authority area. The most recent EPC inspection was September 2009, where the current energy rating was D, and the potential energy rating was C.

8 MORELLO AVENUE Sold Prices

Land registry data shows two sales for 8 MORELLO AVENUE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Gedling local authority area for the corresponding sale date. Both of the two 8 MORELLO AVENUE sales were for below 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
2010 24 JUN	£144,000	£189,865	24% below HPI
2007 26 JAN	£131,000	£203,526	36% below HPI

8 MORELLO AVENUE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Gedling local authority area over time, sourced from the HPI. The two 8 MORELLO AVENUE sales from January 2007 and June 2010 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 January 2007 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the June 2010 sale, where it rises to 24% below the HPI. The line then continues to track at 24% below the HPI.

What might 8 MORELLO AVENUE be worth now?

8 MORELLO AVENUE might now be worth an estimated £283,600.

This is based on house price inflation of 96.9%, between June 2010 and February 2025, for detached houses, in the Gedling local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 96.9% inflationary increase is applied to the most recent sale price for 8 MORELLO AVENUE of £144,000 on 24th June 2010. For the value to have increased from £144,000 to £283,600 over the fifteen years and four months to February 2025, the following assumptions must hold true:

• The value of 8 MORELLO AVENUE has moved in line with the HPI for detached houses in the Gedling local authority area.
• The June 2010 sale price of £144,000 represented a fair market value for the property.
• The size, condition, and specification of 8 MORELLO AVENUE has not materially changed since June 2010.

How Large is 8 MORELLO AVENUE?

8 MORELLO AVENUE is 70m² according to the EPC inspection conducted in September 2009. This puts it in the smallest 20% of detached houses houses in Carlton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Carlton, and where 8 MORELLO AVENUE lies on this distribution: 10% of detached houses houses are smaller than 8 MORELLO AVENUE, and 90% of houses are larger. Note that EPC data is not available for all properties in Carlton.

8 MORELLO AVENUE: Plot and Title Map

8 MORELLO AVENUE sits on a plot of roughly 0.073 of an acre, or 297m². The below map shows the location of 8 MORELLO AVENUE, 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 8 MORELLO AVENUE). 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 8 MORELLO AVENUE?

8 MORELLO AVENUE is located in CARLTON, in the NG4 postcode district. The below map shows the position of No. 8 on MORELLO AVENUE.