6, PROSPECT PLACE, MERE, WARMINSTER, BA12 6LS - £240,000

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

6 PROSPECT PLACE is a midsized detached house of 109m², built sometime between 1996 and 2002, which could now be worth an estimated £391,487. It was last sold for £240,000 in March 2010, which was around 25% below the average March 2010 detached price in the Wiltshire local authority area. The most recent EPC inspection was December 2008, where the current energy rating was C, and the potential energy rating was C.

6 PROSPECT PLACE Sold Prices

Land registry data shows three sales for 6 PROSPECT PLACE 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 6 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
2010 25 MAR	£240,000	£318,612	25% below HPI
2004 25 JUN	£245,000	£284,034	14% below HPI
1999 8 APR	£106,500	£140,969	24% below HPI

6 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 three 6 PROSPECT PLACE sales between April 1999 and March 2010 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 2004 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the March 2010 sale, where it falls to 25% below the HPI. The line then continues to track at 25% below the HPI.

What might 6 PROSPECT PLACE be worth now?

6 PROSPECT PLACE might now be worth an estimated £391,487.

This is based on house price inflation of 63.1%, between March 2010 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 63.1% inflationary increase is applied to the most recent sale price for 6 PROSPECT PLACE of £240,000 on 25th March 2010. For the value to have increased from £240,000 to £391,487 over the thirteen years and three months to December 2024, the following assumptions must hold true:

• The value of 6 PROSPECT PLACE has moved in line with the HPI for detached houses in the Wiltshire local authority area.
• The March 2010 sale price of £240,000 represented a fair market value for the property.
• The size, condition, and specification of 6 PROSPECT PLACE has not materially changed since March 2010.

How Large is 6 PROSPECT PLACE?

6 PROSPECT PLACE is 109m² according to the EPC inspection conducted in December 2008. This puts it in the smallest 50% 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 6 PROSPECT PLACE lies on this distribution: 49% of detached houses houses are smaller than 6 PROSPECT PLACE, and 51% of houses are larger. Note that EPC data is not available for all properties in Mere.

6 PROSPECT PLACE: Plot and Title Map

6 PROSPECT PLACE sits on a plot of roughly 0.054 of an acre, or 218m². The below map shows the location of 6 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 6 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 6 PROSPECT PLACE?

6 PROSPECT PLACE is located in MERE, in the BA12 postcode district. The below map shows the position of No. 6 on PROSPECT PLACE.