12, 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.

12 OLIVERS MILL is a midsized flat of 63m², built sometime between 1991 and 1995, which could now be worth an estimated £180,130. It was last sold for £145,000 in January 2018, which was around 73% above the average January 2018 flat price in the Northumberland local authority area. The most recent EPC inspection was March 2017, where the current energy rating was C, and the potential energy rating was C.

12 OLIVERS MILL Sold Prices

Land registry data shows four sales for 12 OLIVERS MILL since 1^st January 1995. The below table shows the price paid for the four sales, along with the average flat price in the Northumberland local authority area for the corresponding sale date. Most of the four 12 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
2018 8 JAN	£145,000	£83,734	73% above HPI
2010 9 APR	£170,000	£85,913	98% above HPI
2007 26 JAN	£152,500	£94,253	62% above HPI
1996 3 MAY	£26,000	£28,128	8% below HPI

What might 12 OLIVERS MILL be worth now?

12 OLIVERS MILL might now be worth an estimated £180,130.

This is based on house price inflation of 24.2%, between January 2018 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 24.2% inflationary increase is applied to the most recent sale price for 12 OLIVERS MILL of £145,000 on 8th January 2018. For the value to have increased from £145,000 to £180,130 over the seven years and eight months to May 2026, the following assumptions must hold true:

• The value of 12 OLIVERS MILL has moved in line with the HPI for flats in the Northumberland local authority area.
• The January 2018 sale price of £145,000 represented a fair market value for the property.
• The size, condition, and specification of 12 OLIVERS MILL has not materially changed since January 2018.

How Large is 12 OLIVERS MILL?

12 OLIVERS MILL is 63m² according to the EPC inspection conducted in March 2017. This puts it in the smallest 50% of flats in Morpeth, based on EPC data. 43% of flats are smaller than 12 OLIVERS MILL, and 54% of flats are larger. Note that EPC data is not available for all properties in Morpeth.

12 OLIVERS MILL: Plot

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

Where is 12 OLIVERS MILL?

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