2, PROSPECT PLACE, MERE, WARMINSTER, BA12 6LS - £360,000

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

2 PROSPECT PLACE is a large detached house of 132m², built sometime between 1996 and 2002. It was last sold for £360,000 in November 2020, which was around 18% below the average November 2020 detached price in the Wiltshire local authority area. The most recent EPC inspection was April 2012, where the current energy rating was C, and the potential energy rating was C.

2 PROSPECT PLACE Sold Prices

Land registry data shows five sales for 2 PROSPECT PLACE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Wiltshire local authority area for the corresponding sale date. All of the five 2 PROSPECT PLACE 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
2020 24 NOV	£360,000	£439,446	18% below HPI
2013 5 JUN	£270,000	£312,673	14% below HPI
2003 10 OCT	£230,000	£265,779	13% below HPI
2001 30 NOV	£160,000	£202,898	21% below HPI
1999 15 FEB	£118,000	£133,007	11% below HPI

2 PROSPECT PLACE 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 five 2 PROSPECT PLACE sales between February 1999 and November 2020 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 June 2013 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the November 2020 sale, where it falls to 18% below the HPI. The line then continues to track at 18% below the HPI.

How Large is 2 PROSPECT PLACE?

2 PROSPECT PLACE is 132m² according to the EPC inspection conducted in April 2012. 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 2 PROSPECT PLACE lies on this distribution: 61% of detached houses are smaller than 2 PROSPECT PLACE, and 38% of houses are larger. Note that EPC data is not available for all properties in Mere.

2 PROSPECT PLACE: Plot and Title Map

2 PROSPECT PLACE sits on a plot of roughly 0.080 of an acre, or 323m². The below map shows the location of 2 PROSPECT PLACE, 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 PROSPECT PLACE). 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 PROSPECT PLACE?

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