8, OLIVERS MILL, MORPETH, NE61 1PP - £108,000

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.

8 OLIVERS MILL is a midsized flat of 64m², built sometime between 1900 and 1929, which could now be worth an estimated £138,013. It was last sold for £108,000 in February 2019, which was around 33% above the average February 2019 flat price in the Northumberland local authority area. The most recent EPC inspection was May 2016, where the current energy rating was C, and the potential energy rating was B.

8 OLIVERS MILL Sold Prices

Land registry data shows three sales for 8 OLIVERS MILL since 1^st January 1995. The below table shows the price paid for the three sales, along with the average flat price in the Northumberland local authority area for the corresponding sale date. Two of the three 8 OLIVERS MILL sales were for above the average price, whilst one was 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
2019 1 FEB	£108,000	£81,400	33% above HPI
2002 11 JAN	£86,000	£39,030	120% above HPI
1996 29 MAR	£24,750	£26,564	7% below HPI

What might 8 OLIVERS MILL be worth now?

8 OLIVERS MILL might now be worth an estimated £138,013.

This is based on house price inflation of 27.8%, between February 2019 and May 2026, for flats, in the Northumberland local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 27.8% inflationary increase is applied to the most recent sale price for 8 OLIVERS MILL of £108,000 on 1st February 2019. For the value to have increased from £108,000 to £138,013 over the six years and nine months to May 2026, the following assumptions must hold true:

• The value of 8 OLIVERS MILL has moved in line with the HPI for flats in the Northumberland local authority area.
• The February 2019 sale price of £108,000 represented a fair market value for the property.
• The size, condition, and specification of 8 OLIVERS MILL has not materially changed since February 2019.

How Large is 8 OLIVERS MILL?

8 OLIVERS MILL is 64m² according to the EPC inspection conducted in May 2016. This puts it in the smallest 50% of flats in Morpeth, based on EPC data. 47% of flats are smaller than 8 OLIVERS MILL, and 52% of flats are larger. Note that EPC data is not available for all properties in Morpeth.

8 OLIVERS MILL: Plot

8 OLIVERS MILL sits on a plot of roughly 0.295 of an acre, or 1,194m².

Where is 8 OLIVERS MILL?

8 OLIVERS MILL is located in MORPETH, in the NE61 postcode district.