1, OLIVERS MILL, MORPETH, NE61 1PP - £145,000

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.

1 OLIVERS MILL is a small flat of 58m², built sometime between 1996 and 2002, which could now be worth an estimated £160,989. It was last sold for £145,000 in September 2021, which was around 55% above the average September 2021 flat price in the Northumberland local authority area. The most recent EPC inspection was November 2019, where the current energy rating was C, and the potential energy rating was C.

1 OLIVERS MILL Sold Prices

Land registry data shows five sales for 1 OLIVERS MILL since 1^st January 1995. The below table shows the price paid for the five sales, along with the average flat price in the Northumberland local authority area for the corresponding sale date. Most of the five 1 OLIVERS MILL 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
2021 21 SEP	£145,000	£93,690	55% above HPI
2005 24 AUG	£80,000	£87,157	8% below HPI
2001 21 SEP	£37,000	£36,751	1% above HPI
1999 2 AUG	£33,500	£31,422	7% above HPI
1996 28 JUN	£25,500	£28,706	11% below HPI

What might 1 OLIVERS MILL be worth now?

1 OLIVERS MILL might now be worth an estimated £160,989.

This is based on house price inflation of 11%, between September 2021 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 11% inflationary increase is applied to the most recent sale price for 1 OLIVERS MILL of £145,000 on 21st September 2021. For the value to have increased from £145,000 to £160,989 over the five years and four months to May 2026, the following assumptions must hold true:

• The value of 1 OLIVERS MILL has moved in line with the HPI for flats in the Northumberland local authority area.
• The September 2021 sale price of £145,000 represented a fair market value for the property.
• The size, condition, and specification of 1 OLIVERS MILL has not materially changed since September 2021.

How Large is 1 OLIVERS MILL?

1 OLIVERS MILL is 58m² according to the EPC inspection conducted in November 2019. This puts it in the smallest 40% of flats in Morpeth, based on EPC data. 31% of flats are smaller than 1 OLIVERS MILL, and 66% of flats are larger. Note that EPC data is not available for all properties in Morpeth.

1 OLIVERS MILL: Plot

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

Where is 1 OLIVERS MILL?

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