14, OLIVERS MILL, MORPETH, NE61 1PP - £120,000

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.

14 OLIVERS MILL is a small flat of 61m², built sometime between 1996 and 2002, which could now be worth an estimated £157,959. It was last sold for £120,000 in September 2014, which was around 52% above the average September 2014 flat price in the Northumberland local authority area. The most recent EPC inspection was March 2010, where the current energy rating was C, and the potential energy rating was B.

14 OLIVERS MILL Sold Prices

Land registry data shows two sales for 14 OLIVERS MILL since 1^st January 1995. The below table shows the price paid for the two sales, along with the average flat price in the Northumberland local authority area for the corresponding sale date. Both of the two 14 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
2014 19 SEP	£120,000	£79,024	52% above HPI
2010 23 SEP	£180,000	£85,168	111% above HPI

What might 14 OLIVERS MILL be worth now?

14 OLIVERS MILL might now be worth an estimated £157,959.

This is based on house price inflation of 31.6%, between September 2014 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 31.6% inflationary increase is applied to the most recent sale price for 14 OLIVERS MILL of £120,000 on 19th September 2014. For the value to have increased from £120,000 to £157,959 over the twelve years and four months to May 2026, the following assumptions must hold true:

• The value of 14 OLIVERS MILL has moved in line with the HPI for flats in the Northumberland local authority area.
• The September 2014 sale price of £120,000 represented a fair market value for the property.
• The size, condition, and specification of 14 OLIVERS MILL has not materially changed since September 2014.

How Large is 14 OLIVERS MILL?

14 OLIVERS MILL is 61m² according to the EPC inspection conducted in March 2010. This puts it in the smallest 40% of flats in Morpeth, based on EPC data. 38% of flats are smaller than 14 OLIVERS MILL, and 60% of flats are larger. Note that EPC data is not available for all properties in Morpeth.

14 OLIVERS MILL: Plot

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

Where is 14 OLIVERS MILL?

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