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

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

THE OLD STABLES is a very large extended detached house of 210m², built sometime between 1991 and 1995. It was last sold for £570,000 in July 2018, which was around 120% 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	£259,376	120% above HPI
2002 3 DEC	£390,000	£145,834	167% above HPI
1996 27 SEP	£60,000	£85,697	30% 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 167% above the HPI. So the extrapolation line tracks at 167% above the HPI over time, until the July 2018 sale, where it falls to 120% above the HPI. The line then continues to track at 120% above the HPI.

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 in Corbridge, based on EPC data. The below chart shows the distribution of detached houses by size in Corbridge, and where THE OLD STABLES lies on this distribution: 89% of detached 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.