MILL COTTAGE, FELTON, MORPETH, NE65 9HL - £450,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

MILL COTTAGE is a very large extended detached house of 210m², built sometime before 1900, which could now be worth an estimated £651,430. It was last sold for £450,000 in June 2016, which was around 81% above the average June 2016 detached price in the Northumberland local authority area. The most recent EPC inspection was February 2016, where the current energy rating was E, and the potential energy rating was C.

MILL COTTAGE Sold Prices

Land registry data shows two sales for MILL COTTAGE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Northumberland local authority area for the corresponding sale date. Both of the two MILL COTTAGE 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
2016 23 JUN	£450,000	£248,538	81% above HPI
1998 17 NOV	£110,000	£98,333	12% above HPI

MILL COTTAGE 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 two MILL COTTAGE sales from November 1998 and June 2016 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 November 1998 sale was for 12% above the HPI. So the extrapolation line tracks at 12% above the HPI over time, until the June 2016 sale, where it rises to 81% above the HPI. The line then continues to track at 81% above the HPI.

What might MILL COTTAGE be worth now?

MILL COTTAGE might now be worth an estimated £651,430.

This is based on house price inflation of 44.8%, between June 2016 and February 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 44.8% inflationary increase is applied to the most recent sale price for MILL COTTAGE of £450,000 on 23rd June 2016. For the value to have increased from £450,000 to £651,430 over the nine years and four months to February 2025, the following assumptions must hold true:

• The value of MILL COTTAGE has moved in line with the HPI for detached houses in the Northumberland local authority area.
• The June 2016 sale price of £450,000 represented a fair market value for the property.
• The size, condition, and specification of MILL COTTAGE has not materially changed since June 2016.

How Large is MILL COTTAGE?

MILL COTTAGE is 210m², which includes three extensions, according to the EPC inspection conducted in February 2016. This puts it in the largest 10% of detached houses houses in Felton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Felton, and where MILL COTTAGE lies on this distribution: 98% of detached houses houses are smaller than MILL COTTAGE, and 2% of houses are larger. Note that EPC data is not available for all properties in Felton.

MILL COTTAGE: Plot and Title Map

MILL COTTAGE sits on a plot of roughly 0.327 of an acre, or 1,322m². The below map shows the location of MILL COTTAGE, 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 MILL COTTAGE). 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 MILL COTTAGE?

MILL COTTAGE is located in FELTON, in the NE65 postcode district. The below map shows the position of MILL COTTAGE in FELTON.