4, CADDY LANE, MERE, WARMINSTER, BA12 6LX - £282,000

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

4 CADDY LANE is a very small detached house of 71m², built sometime between 1967 and 1975, which could now be worth an estimated £280,836. It was last sold for £282,000 in November 2024, which was around 46% below the average November 2024 detached price in the Wiltshire local authority area. The most recent EPC inspection was September 2018, where the current energy rating was D, and the potential energy rating was B.

4 CADDY LANE Sold Prices

Land registry data shows three sales for 4 CADDY 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. All of the three 4 CADDY LANE 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
2024 8 NOV	£282,000	£521,873	46% below HPI
2001 1 OCT	£100,000	£209,976	52% below HPI
1998 18 DEC	£72,500	£135,459	46% below HPI

4 CADDY 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 4 CADDY LANE sales between December 1998 and November 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 October 2001 sale was for 52% below the HPI. So the extrapolation line tracks at 52% below the HPI over time, until the November 2024 sale, where it rises to 46% below the HPI. The line then continues to track at 46% below the HPI.

What might 4 CADDY LANE be worth now?

4 CADDY LANE might now be worth an estimated £280,836.

This is based on house price deflation of 0.4%, between November 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 0.4% deflationary decrease is applied to the most recent sale price for 4 CADDY LANE of £282,000 on 8th November 2024. For the value to have decreased from £282,000 to £280,836 over the eleven months to December 2024, the following assumptions must hold true:

• The value of 4 CADDY LANE has moved in line with the HPI for detached houses in the Wiltshire local authority area.
• The November 2024 sale price of £282,000 represented a fair market value for the property.
• The size, condition, and specification of 4 CADDY LANE has not materially changed since November 2024.

How Large is 4 CADDY LANE?

4 CADDY LANE is 71m² according to the EPC inspection conducted in September 2018. This puts it in the smallest 10% 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 4 CADDY LANE lies on this distribution: 6% of detached houses houses are smaller than 4 CADDY LANE, and 93% of houses are larger. Note that EPC data is not available for all properties in Mere.

4 CADDY LANE: Plot and Title Map

4 CADDY LANE sits on a plot of roughly 0.055 of an acre, or 224m². The below map shows the location of 4 CADDY 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 4 CADDY 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 4 CADDY LANE?

4 CADDY LANE is located in MERE, in the BA12 postcode district. The below map shows the position of No. 4 on CADDY LANE.