NITO MERARE, TAMWORTH ROAD, CORLEY, COVENTRY, CV7 8BX - £305,000

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

NITO MERARE is a midsized extended detached house of 127m², built sometime between 1950 and 1966. It was last sold for £305,000 in August 2022, which was around 15% below the average August 2022 detached price in the North Warwickshire local authority area. The most recent EPC inspection was January 2022, where the current energy rating was C, and the potential energy rating was B.

NITO MERARE Sold Prices

Land registry data shows two sales for NITO MERARE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the North Warwickshire local authority area for the corresponding sale date. One of the two NITO MERARE 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
2022 12 AUG	£305,000	£357,350	15% below HPI
2005 21 OCT	£322,500	£235,452	37% above HPI

NITO MERARE Price Paid vs. HPI Average

The below graph shows the average detached house price in the North Warwickshire local authority area over time, sourced from the HPI. The two NITO MERARE sales from October 2005 and August 2022 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 October 2005 sale was for 37% above the HPI. So the extrapolation line tracks at 37% above the HPI over time, until the August 2022 sale, where it falls to 15% below the HPI. The line then continues to track at 15% below the HPI.

How Large is NITO MERARE?

NITO MERARE is 127m², which includes three extensions, according to the EPC inspection conducted in January 2022. This puts it in the smallest 50% of detached houses in Corley, based on EPC data. The below chart shows the distribution of detached houses by size in Corley, and where NITO MERARE lies on this distribution: 42% of detached houses are smaller than NITO MERARE, and 56% of houses are larger. Note that EPC data is not available for all properties in Corley.

NITO MERARE: Plot and Title Map

NITO MERARE sits on a plot of roughly 0.209 of an acre, or 845m². The below map shows the location of NITO MERARE, 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 NITO MERARE). 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 NITO MERARE?

NITO MERARE is located on TAMWORTH ROAD in CORLEY, in the CV7 postcode district. The below map shows the position of NITO MERARE on TAMWORTH ROAD.