1, LOVAGE WAY, MERE, WARMINSTER, BA12 6RU - £325,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

1 LOVAGE WAY is a large detached house of 132m², built sometime between 1996 and 2002. It was last sold for £325,000 in July 2017, which was around 20% below the average July 2017 detached price in the Wiltshire local authority area. The most recent EPC inspection was December 2016, where the current energy rating was D, and the potential energy rating was C.

1 LOVAGE WAY Sold Prices

Land registry data shows three sales for 1 LOVAGE WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Wiltshire local authority area for the corresponding sale date. All of the three 1 LOVAGE WAY sales were 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
2017 21 JUL	£325,000	£407,528	20% below HPI
2003 28 MAY	£250,000	£254,168	2% below HPI
2001 17 OCT	£180,000	£202,906	11% below HPI

1 LOVAGE WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Wiltshire local authority area over time, sourced from the HPI. The three 1 LOVAGE WAY sales between October 2001 and July 2017 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 2003 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the July 2017 sale, where it falls to 20% below the HPI. The line then continues to track at 20% below the HPI.

How Large is 1 LOVAGE WAY?

1 LOVAGE WAY is 132m² according to the EPC inspection conducted in December 2016. This puts it in the largest 40% of detached houses in Mere, based on EPC data. The below chart shows the distribution of detached houses by size in Mere, and where 1 LOVAGE WAY lies on this distribution: 61% of detached houses are smaller than 1 LOVAGE WAY, and 38% of houses are larger. Note that EPC data is not available for all properties in Mere.

1 LOVAGE WAY: Plot and Title Map

1 LOVAGE WAY sits on a plot of roughly 0.101 of an acre, or 409m². The below map shows the location of 1 LOVAGE WAY, 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 1 LOVAGE WAY). 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 1 LOVAGE WAY?

1 LOVAGE WAY is located in MERE, in the BA12 postcode district. The below map shows the position of No. 1 on LOVAGE WAY.