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

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.

MILKWELL FARM is a very large extended detached house of 231m², built sometime before 1900, which could now be worth an estimated £835,815. It was last sold for £595,000 in October 2009, which was around 140% 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	£247,950	140% above HPI
2005 18 MAY	£622,000	£232,858	167% above HPI
2000 18 APR	£201,100	£102,465	96% 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 167% above the HPI. So the extrapolation line tracks at 167% above the HPI over time, until the October 2009 sale, where it falls to 140% above the HPI. The line then continues to track at 140% above the HPI.

What might MILKWELL FARM be worth now?

MILKWELL FARM might now be worth an estimated £835,815.

This is based on house price inflation of 40.5%, between October 2009 and June 2025, for detached houses, in the Northumberland local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 40.5% inflationary increase is applied to the most recent sale price for MILKWELL FARM of £595,000 on 1st October 2009. For the value to have increased from £595,000 to £835,815 over the sixteen years and four months to June 2025, the following assumptions must hold true:

• The value of MILKWELL FARM has moved in line with the HPI for detached houses in the Northumberland local authority area.
• The October 2009 sale price of £595,000 represented a fair market value for the property.
• The size, condition, and specification of MILKWELL FARM has not materially changed since October 2009.

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 houses in Corbridge, based on EPC data. The below chart shows the distribution of detached houses houses by size in Corbridge, and where MILKWELL FARM lies on this distribution: 92% of detached houses 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.