MILKWELL FARM, MILKWELL LANE, CORBRIDGE, NE45 5QG - £595,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

MILKWELL FARM is a very large extended detached house of 231m², built sometime before 1900. It was last sold for £595,000 in October 2009, which was around 148% above the average October 2009 detached price in the Northumberland local authority area. The most recent EPC inspection was August 2009, where the current energy rating was E, and the potential energy rating was D.

MILKWELL FARM Sold Prices

Land registry data shows three sales for MILKWELL FARM since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Northumberland local authority area for the corresponding sale date. All of the three MILKWELL FARM 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
2009 1 OCT	£595,000	£240,223	148% above HPI
2005 18 MAY	£622,000	£225,601	176% above HPI
2000 18 APR	£201,100	£99,272	103% above HPI

MILKWELL FARM Price Paid vs. HPI Average

The below graph shows the average detached house price in the Northumberland local authority area over time, sourced from the HPI. The three MILKWELL FARM sales between April 2000 and October 2009 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the May 2005 sale was for 176% above the HPI. So the extrapolation line tracks at 176% above the HPI over time, until the October 2009 sale, where it falls to 148% above the HPI. The line then continues to track at 148% above the HPI.

How Large is MILKWELL FARM?

MILKWELL FARM is 231m², which includes one extension, according to the EPC inspection conducted in August 2009. This puts it in the largest 10% of detached houses in Corbridge, based on EPC data. The below chart shows the distribution of detached houses by size in Corbridge, and where MILKWELL FARM lies on this distribution: 92% of detached houses are smaller than MILKWELL FARM, and 8% of houses are larger. Note that EPC data is not available for all properties in Corbridge.

MILKWELL FARM: Plot and Title Map

MILKWELL FARM sits on a plot of roughly 0.298 of an acre, or 1,207m². The below map shows the location of MILKWELL FARM, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of MILKWELL FARM). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is MILKWELL FARM?

MILKWELL FARM is located on MILKWELL LANE in CORBRIDGE, in the NE45 postcode district. The below map shows the position of MILKWELL FARM on MILKWELL LANE.