THE OLD STABLES, MILKWELL FARM, MILKWELL LANE, CORBRIDGE, NE45 5QG - £570,000

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.

THE OLD STABLES is a very large extended detached house of 210m², built sometime between 1991 and 1995, which could now be worth an estimated £766,023. It was last sold for £570,000 in July 2018, which was around 113% above the average July 2018 detached price in the Northumberland local authority area. The most recent EPC inspection was May 2017, where the current energy rating was D, and the potential energy rating was B.

THE OLD STABLES Sold Prices

Land registry data shows three sales for THE OLD STABLES 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. Two of the three THE OLD STABLES sales were for above the average price, whilst one was 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
2018 6 JUL	£570,000	£267,720	113% above HPI
2002 3 DEC	£390,000	£150,525	159% above HPI
1996 27 SEP	£60,000	£88,453	32% below HPI

THE OLD STABLES 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 THE OLD STABLES sales between September 1996 and July 2018 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 December 2002 sale was for 159% above the HPI. So the extrapolation line tracks at 159% above the HPI over time, until the July 2018 sale, where it falls to 113% above the HPI. The line then continues to track at 113% above the HPI.

What might THE OLD STABLES be worth now?

THE OLD STABLES might now be worth an estimated £766,023.

This is based on house price inflation of 34.4%, between July 2018 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 34.4% inflationary increase is applied to the most recent sale price for THE OLD STABLES of £570,000 on 6th July 2018. For the value to have increased from £570,000 to £766,023 over the seven years and five months to February 2025, the following assumptions must hold true:

• The value of THE OLD STABLES has moved in line with the HPI for detached houses in the Northumberland local authority area.
• The July 2018 sale price of £570,000 represented a fair market value for the property.
• The size, condition, and specification of THE OLD STABLES has not materially changed since July 2018.

How Large is THE OLD STABLES?

THE OLD STABLES is 210m², which includes two extensions, according to the EPC inspection conducted in May 2017. This puts it in the largest 20% 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 THE OLD STABLES lies on this distribution: 89% of detached houses houses are smaller than THE OLD STABLES, and 10% of houses are larger. Note that EPC data is not available for all properties in Corbridge.

THE OLD STABLES: Plot and Title Map

THE OLD STABLES sits on a plot of roughly 0.232 of an acre, or 938m². The below map shows the location of THE OLD STABLES, 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 THE OLD STABLES). 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 THE OLD STABLES?

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