4, PROSPECT PLACE, MERE, WARMINSTER, BA12 6LS - £310,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

4 PROSPECT PLACE is a small detached house of 94m², built sometime between 1996 and 2002, which could now be worth an estimated £374,208. It was last sold for £310,000 in August 2019, which was around 28% below the average August 2019 detached price in the Wiltshire local authority area. The most recent EPC inspection was November 2016, where the current energy rating was C, and the potential energy rating was B.

4 PROSPECT PLACE Sold Prices

Land registry data shows four sales for 4 PROSPECT PLACE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Wiltshire local authority area for the corresponding sale date. All of the four 4 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
2019 9 AUG	£310,000	£430,592	28% below HPI
2017 11 APR	£290,000	£407,948	29% below HPI
2007 30 AUG	£232,000	£343,880	33% below HPI
1999 12 JAN	£95,000	£137,814	31% below HPI

4 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 four 4 PROSPECT PLACE sales between January 1999 and August 2019 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 April 2017 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the August 2019 sale, where it rises to 28% below the HPI. The line then continues to track at 28% below the HPI.

What might 4 PROSPECT PLACE be worth now?

4 PROSPECT PLACE might now be worth an estimated £374,208.

This is based on house price inflation of 20.7%, between August 2019 and February 2025, 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 20.7% inflationary increase is applied to the most recent sale price for 4 PROSPECT PLACE of £310,000 on 9th August 2019. For the value to have increased from £310,000 to £374,208 over the six years and six months to February 2025, the following assumptions must hold true:

• The value of 4 PROSPECT PLACE has moved in line with the HPI for detached houses in the Wiltshire local authority area.
• The August 2019 sale price of £310,000 represented a fair market value for the property.
• The size, condition, and specification of 4 PROSPECT PLACE has not materially changed since August 2019.

How Large is 4 PROSPECT PLACE?

4 PROSPECT PLACE is 94m² according to the EPC inspection conducted in November 2016. This puts it in the smallest 40% 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 PROSPECT PLACE lies on this distribution: 33% of detached houses houses are smaller than 4 PROSPECT PLACE, and 65% of houses are larger. Note that EPC data is not available for all properties in Mere.

4 PROSPECT PLACE: Plot and Title Map

4 PROSPECT PLACE sits on a plot of roughly 0.061 of an acre, or 246m². The below map shows the location of 4 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 4 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 4 PROSPECT PLACE?

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