2, OLIVERS MILL, MORPETH, NE61 1PP - £132,500

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.

2 OLIVERS MILL is a small flat of 55m², built sometime between 1996 and 2002, which could now be worth an estimated £150,122. It was last sold for £132,500 in December 2021, which was around 48% above the average December 2021 flat price in the Northumberland local authority area. The most recent EPC inspection was January 2019, where the current energy rating was D, and the potential energy rating was C.

2 OLIVERS MILL Sold Prices

Land registry data shows two sales for 2 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 2 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 15 DEC	£132,500	£89,613	48% above HPI
1996 12 APR	£59,500	£27,418	117% above HPI

What might 2 OLIVERS MILL be worth now?

2 OLIVERS MILL might now be worth an estimated £150,122.

This is based on house price inflation of 13.3%, between December 2021 and April 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 13.3% inflationary increase is applied to the most recent sale price for 2 OLIVERS MILL of £132,500 on 15th December 2021. For the value to have increased from £132,500 to £150,122 over the five years and eight months to April 2026, the following assumptions must hold true:

• The value of 2 OLIVERS MILL has moved in line with the HPI for flats in the Northumberland local authority area.
• The December 2021 sale price of £132,500 represented a fair market value for the property.
• The size, condition, and specification of 2 OLIVERS MILL has not materially changed since December 2021.

How Large is 2 OLIVERS MILL?

2 OLIVERS MILL is 55m² according to the EPC inspection conducted in January 2019. This puts it in the smallest 30% of flats in Morpeth, based on EPC data. 23% of flats are smaller than 2 OLIVERS MILL, and 74% of flats are larger. Note that EPC data is not available for all properties in Morpeth.

2 OLIVERS MILL: Plot

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

Where is 2 OLIVERS MILL?

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