3, LOVAGE WAY, MERE, WARMINSTER, BA12 6RU - £385,000

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

3 LOVAGE WAY is a very large extended detached house of 178m², built sometime between 2003 and 2006. It was last sold for £385,000 in May 2016, which was around 2% above the average May 2016 detached price in the Wiltshire local authority area. The most recent EPC inspection was March 2016, where the current energy rating was C, and the potential energy rating was B.

3 LOVAGE WAY Sold Prices

Land registry data shows three sales for 3 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. One of the three 3 LOVAGE WAY 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
2016 27 MAY	£385,000	£378,713	2% above HPI
2004 11 NOV	£290,000	£295,278	2% below HPI
2001 23 NOV	£180,000	£202,898	11% below HPI

3 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 3 LOVAGE WAY sales between November 2001 and May 2016 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 November 2004 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the May 2016 sale, where it rises to 2% above the HPI. The line then continues to track at 2% above the HPI.

How Large is 3 LOVAGE WAY?

3 LOVAGE WAY is 178m², which includes one extension, according to the EPC inspection conducted in March 2016. This puts it in the largest 20% of detached houses in Mere, based on EPC data. The below chart shows the distribution of detached houses by size in Mere, and where 3 LOVAGE WAY lies on this distribution: 85% of detached houses are smaller than 3 LOVAGE WAY, and 15% of houses are larger. Note that EPC data is not available for all properties in Mere.

3 LOVAGE WAY: Plot and Title Map

3 LOVAGE WAY sits on a plot of roughly 0.101 of an acre, or 410m². The below map shows the location of 3 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 3 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 3 LOVAGE WAY?

3 LOVAGE WAY is located in MERE, in the BA12 postcode district. The below map shows the position of No. 3 on LOVAGE WAY.