15, OLIVERS MILL, MORPETH, NE61 1PP - £110,000

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.

15 OLIVERS MILL is a very small flat of 48m², built sometime between 1900 and 1929, which could now be worth an estimated £147,272. It was last sold for £110,000 in November 2012, which was around 42% above the average November 2012 flat price in the Northumberland local authority area. The most recent EPC inspection was April 2009, where the current energy rating was E, and the potential energy rating was D.

15 OLIVERS MILL Sold Prices

Land registry data shows three sales for 15 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. One of the three 15 OLIVERS MILL sales was for above the average price, whilst two were 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
2012 30 NOV	£110,000	£77,695	42% above HPI
2010 29 JUN	£55,000	£84,774	35% below HPI
1996 12 MAY	£25,500	£28,128	9% below HPI

What might 15 OLIVERS MILL be worth now?

15 OLIVERS MILL might now be worth an estimated £147,272.

This is based on house price inflation of 33.9%, between November 2012 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 33.9% inflationary increase is applied to the most recent sale price for 15 OLIVERS MILL of £110,000 on 30th November 2012. For the value to have increased from £110,000 to £147,272 over the fourteen years and six months to May 2026, the following assumptions must hold true:

• The value of 15 OLIVERS MILL has moved in line with the HPI for flats in the Northumberland local authority area.
• The November 2012 sale price of £110,000 represented a fair market value for the property.
• The size, condition, and specification of 15 OLIVERS MILL has not materially changed since November 2012.

How Large is 15 OLIVERS MILL?

15 OLIVERS MILL is 48m² according to the EPC inspection conducted in April 2009. This puts it in the smallest 20% of flats in Morpeth, based on EPC data. 12% of flats are smaller than 15 OLIVERS MILL, and 88% of flats are larger. Note that EPC data is not available for all properties in Morpeth.

15 OLIVERS MILL: Plot

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

Where is 15 OLIVERS MILL?

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