2, OAK LANE, MERE, WARMINSTER, BA12 6FJ - £520,000

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

2 OAK LANE is a large detached house of 158m², built sometime from 2007 onwards, which could now be worth an estimated £541,015. It was last sold for £520,000 in March 2024, which was around 4% above the average March 2024 detached price in the Wiltshire local authority area. The most recent EPC inspection was July 2015, where the current energy rating was C, and the potential energy rating was A.

2 OAK LANE Sold Prices

Land registry data shows three sales for 2 OAK LANE 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. One of the three 2 OAK LANE sales was for above the average price, whilst two 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
2024 21 MAR	£520,000	£499,530	4% above HPI
2021 26 FEB	£417,500	£451,915	8% below HPI
2007 5 OCT	£335,000	£346,458	3% below HPI

2 OAK LANE 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 2 OAK LANE sales between October 2007 and March 2024 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 February 2021 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the March 2024 sale, where it rises to 4% above the HPI. The line then continues to track at 4% above the HPI.

What might 2 OAK LANE be worth now?

2 OAK LANE might now be worth an estimated £541,015.

This is based on house price inflation of 4%, between March 2024 and December 2024, for detached houses, in the Wiltshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 4% inflationary increase is applied to the most recent sale price for 2 OAK LANE of £520,000 on 21st March 2024. For the value to have increased from £520,000 to £541,015 over the three months to December 2024, the following assumptions must hold true:

• The value of 2 OAK LANE has moved in line with the HPI for detached houses in the Wiltshire local authority area.
• The March 2024 sale price of £520,000 represented a fair market value for the property.
• The size, condition, and specification of 2 OAK LANE has not materially changed since March 2024.

How Large is 2 OAK LANE?

2 OAK LANE is 158m² according to the EPC inspection conducted in July 2015. This puts it in the largest 30% of detached houses houses in Mere, based on EPC data. The below chart shows the distribution of detached houses houses by size in Mere, and where 2 OAK LANE lies on this distribution: 79% of detached houses houses are smaller than 2 OAK LANE, and 20% of houses are larger. Note that EPC data is not available for all properties in Mere.

2 OAK LANE: Plot and Title Map

2 OAK LANE sits on a plot of roughly 0.053 of an acre, or 214m². The below map shows the location of 2 OAK LANE, 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 2 OAK LANE). 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 2 OAK LANE?

2 OAK LANE is located in MERE, in the BA12 postcode district. The below map shows the position of No. 2 on OAK LANE.