8, PROSPECT PLACE, MERE, WARMINSTER, BA12 6LS - £390,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

8 PROSPECT PLACE is a midsized detached house of 104m², built sometime between 2003 and 2006. It was last sold for £390,000 in March 2022, which was around 17% below the average March 2022 detached price in the Wiltshire local authority area. The most recent EPC inspection was December 2021, where the current energy rating was C, and the potential energy rating was B.

8 PROSPECT PLACE Sold Prices

Land registry data shows three sales for 8 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 8 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
2022 18 MAR	£390,000	£472,721	17% below HPI
2017 20 SEP	£310,000	£413,846	25% below HPI
1999 29 JAN	£114,950	£133,174	14% below HPI

8 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 8 PROSPECT PLACE sales between January 1999 and March 2022 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 September 2017 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the March 2022 sale, where it rises to 17% below the HPI. The line then continues to track at 17% below the HPI.

How Large is 8 PROSPECT PLACE?

8 PROSPECT PLACE is 104m² according to the EPC inspection conducted in December 2021. This puts it in the smallest 50% of detached houses in Mere, based on EPC data. The below chart shows the distribution of detached houses by size in Mere, and where 8 PROSPECT PLACE lies on this distribution: 43% of detached houses are smaller than 8 PROSPECT PLACE, and 56% of houses are larger. Note that EPC data is not available for all properties in Mere.

8 PROSPECT PLACE: Plot and Title Map

8 PROSPECT PLACE sits on a plot of roughly 0.081 of an acre, or 329m². The below map shows the location of 8 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 8 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 8 PROSPECT PLACE?

8 PROSPECT PLACE is located in MERE, in the BA12 postcode district. The below map shows the position of No. 8 on PROSPECT PLACE.