7, MORELLO DRIVE, NOTTINGHAM, NG8 3QF - £236,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

7 MORELLO DRIVE is a very small semi-detached house of 70m², which could now be worth an estimated £241,572. It was last sold for £236,000 in August 2022, which was around 12% above the average August 2022 semi-detached price in the City of Nottingham local authority area. The most recent EPC inspection was March 2020, where the current energy rating was B, and the potential energy rating was A.

7 MORELLO DRIVE Sold Prices

Land registry data shows two sales for 7 MORELLO DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the City of Nottingham local authority area for the corresponding sale date. Both of the two 7 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
2022 4 AUG	£236,000	£210,527	12% above HPI
2020 25 JUN	£202,000	£161,772	25% above HPI

7 MORELLO DRIVE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the City of Nottingham local authority area over time, sourced from the HPI. The two 7 MORELLO DRIVE sales from June 2020 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 June 2020 sale was for 25% above the HPI. So the extrapolation line tracks at 25% above the HPI over time, until the August 2022 sale, where it falls to 12% above the HPI. The line then continues to track at 12% above the HPI.

What might 7 MORELLO DRIVE be worth now?

7 MORELLO DRIVE might now be worth an estimated £241,572.

This is based on house price inflation of 2.4%, between August 2022 and February 2025, for semi-detached houses, in the City of Nottingham local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 2.4% inflationary increase is applied to the most recent sale price for 7 MORELLO DRIVE of £236,000 on 4th August 2022. For the value to have increased from £236,000 to £241,572 over the three years and six months to February 2025, the following assumptions must hold true:

• The value of 7 MORELLO DRIVE has moved in line with the HPI for semi-detached houses in the City of Nottingham local authority area.
• The August 2022 sale price of £236,000 represented a fair market value for the property.
• The size, condition, and specification of 7 MORELLO DRIVE has not materially changed since August 2022.

How Large is 7 MORELLO DRIVE?

7 MORELLO DRIVE is 70m² according to the EPC inspection conducted in March 2020. This puts it in the smallest 20% of semi-detached houses houses in Nottingham, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Nottingham, and where 7 MORELLO DRIVE lies on this distribution: 10% of semi-detached houses houses are smaller than 7 MORELLO DRIVE, and 89% of houses are larger. Note that EPC data is not available for all properties in Nottingham.

7 MORELLO DRIVE: Plot and Title Map

7 MORELLO DRIVE sits on a plot of roughly 0.045 of an acre, or 182m². The below map shows the location of 7 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 7 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 7 MORELLO DRIVE?

7 MORELLO DRIVE is located in NOTTINGHAM, in the NG8 postcode district. The below map shows the position of No. 7 on MORELLO DRIVE.