Summary - 3, Olivers Mill NE61 1PP
2 bed 1 bath Apartment
50% shared-ownership two-bed ground-floor apartment in Morpeth town centre with allocated parking.
50% Shared Ownership at an affordable asking price
Ground-floor apartment with tall ceilings and large rooms
Allocated off-street parking included
Approximately 70 years remaining on the lease—mortgage risk
Very high local crime levels—consider security and insurance
Very slow broadband speeds—may need upgrades or alternatives
Gas central heating, double glazing, secure entry system
Vacant possession; suitable for first-time buyers or small investors
This ground-floor two-bedroom apartment sits within the converted Olivers Mill complex in the heart of Morpeth, offering immediate access to shops, schools and riverside walks. The building’s industrial character brings tall ceilings and large rooms, while the apartment benefits from gas central heating, double glazing and allocated off-street parking. Offered as 50% shared ownership, the price point is aimed at buyers seeking an affordable route onto the local property ladder or investors looking for town-centre rental potential.
Practical considerations are important. There are approximately 70 years remaining on the lease – a level at which many mortgage lenders may refuse lending. Interested buyers should obtain early mortgage advice and check lease-extension costs. Broadband speeds are reported as very slow; if fast home internet is a priority, factor in potential upgrades or alternative providers.
The local area suits families and older residents, with several well-regarded schools nearby and plentiful amenities within a short walk. The apartment is offered with vacant possession and is suitable for a range of buyers who can accept shared ownership terms and who value central location and character over modern open-plan layouts.
Important negatives are stated plainly: high local crime levels and the lease length could restrict mortgage options. Where those issues are manageable, the property delivers good value for a central, characterful two-bedroom with parking and low council tax banding.
2 bedroom apartment for sale in Olivers Mill, Morpeth, NE61 — £175,000 • 2 bed • 1 bath • 643 ft²
2 bedroom apartment for sale in Olivers Mill, Morpeth, NE61 — £80,000 • 2 bed • 1 bath • 776 ft²
2 bedroom flat for sale in Millside, Morpeth, NE61 — £180,000 • 2 bed • 1 bath • 840 ft²
2 bedroom apartment for sale in Mathesons Gardens, Morpeth, NE61 — £195,000 • 2 bed • 1 bath • 699 ft²
2 bedroom apartment for sale in Manchester Street, Morpeth, NE61 — £195,000 • 2 bed • 2 bath • 719 ft²
2 bedroom terraced house for sale in Bowyer Way, Morpeth, NE61 — £92,500 • 2 bed • 2 bath • 626 ft²
