9, PROSPECT PLACE, MERE, WARMINSTER, BA12 6LS - £315,000

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

9 PROSPECT PLACE is a large detached house of 139m², built sometime between 1976 and 1982, which could now be worth an estimated £517,777. It was last sold for £315,000 in May 2011, which was about the average May 2011 detached price in the Wiltshire local authority area. The most recent EPC inspection was March 2014, where the current energy rating was C, and the potential energy rating was B.

9 PROSPECT PLACE Sold Prices

Land registry data shows three sales for 9 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. The three 9 PROSPECT PLACE sales were a mix of roughly equal to the average price, and above 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
2011 10 MAY	£315,000	£316,181	Close to HPI
2003 4 DEC	£273,000	£271,750	Close to HPI
1997 29 MAR	£129,000	£112,505	15% above HPI

9 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 9 PROSPECT PLACE sales between March 1997 and May 2011 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 December 2003 sale roughly matched the HPI. So the extrapolation line tracks in line HPI over time, until the May 2011 sale, which was also at roughly the same level as the HPI.

What might 9 PROSPECT PLACE be worth now?

9 PROSPECT PLACE might now be worth an estimated £517,777.

This is based on house price inflation of 64.4%, between May 2011 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 64.4% inflationary increase is applied to the most recent sale price for 9 PROSPECT PLACE of £315,000 on 10th May 2011. For the value to have increased from £315,000 to £517,777 over the twelve years and five months to December 2024, the following assumptions must hold true:

• The value of 9 PROSPECT PLACE has moved in line with the HPI for detached houses in the Wiltshire local authority area.
• The May 2011 sale price of £315,000 represented a fair market value for the property.
• The size, condition, and specification of 9 PROSPECT PLACE has not materially changed since May 2011.

How Large is 9 PROSPECT PLACE?

9 PROSPECT PLACE is 139m² according to the EPC inspection conducted in March 2014. This puts it in the largest 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 9 PROSPECT PLACE lies on this distribution: 66% of detached houses houses are smaller than 9 PROSPECT PLACE, and 33% of houses are larger. Note that EPC data is not available for all properties in Mere.

9 PROSPECT PLACE: Plot and Title Map

9 PROSPECT PLACE sits on a plot of roughly 0.137 of an acre, or 554m². The below map shows the location of 9 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 9 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 9 PROSPECT PLACE?

9 PROSPECT PLACE is located in MERE, in the BA12 postcode district. The below map shows the position of No. 9 on PROSPECT PLACE.