18, PROSPECT PLACE, MERE, WARMINSTER, BA12 6LS - £205,000

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.

18 PROSPECT PLACE is a very small detached house of 83m², built sometime between 1976 and 1982, which could now be worth an estimated £426,436. It was last sold for £205,000 in November 2002, which was around 17% below the average November 2002 detached price in the Wiltshire local authority area. The most recent EPC inspection was April 2010, where the current energy rating was D, and the potential energy rating was D.

18 PROSPECT PLACE Sold Prices

Land registry data shows two sales for 18 PROSPECT PLACE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Wiltshire local authority area for the corresponding sale date. Both of the two 18 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
2002 20 NOV	£205,000	£247,155	17% below HPI
1999 26 MAR	£95,000	£140,782	33% below HPI

18 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 two 18 PROSPECT PLACE sales from March 1999 and November 2002 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 March 1999 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the November 2002 sale, where it rises to 17% below the HPI. The line then continues to track at 17% below the HPI.

What might 18 PROSPECT PLACE be worth now?

18 PROSPECT PLACE might now be worth an estimated £426,436.

This is based on house price inflation of 108%, between November 2002 and April 2026, 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 108% inflationary increase is applied to the most recent sale price for 18 PROSPECT PLACE of £205,000 on 20th November 2002. For the value to have increased from £205,000 to £426,436 over the 24 years and seven months to April 2026, the following assumptions must hold true:

• The value of 18 PROSPECT PLACE has moved in line with the HPI for detached houses in the Wiltshire local authority area.
• The November 2002 sale price of £205,000 represented a fair market value for the property.
• The size, condition, and specification of 18 PROSPECT PLACE has not materially changed since November 2002.

How Large is 18 PROSPECT PLACE?

18 PROSPECT PLACE is 83m² according to the EPC inspection conducted in April 2010. This puts it in the smallest 20% 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 18 PROSPECT PLACE lies on this distribution: 18% of detached houses houses are smaller than 18 PROSPECT PLACE, and 82% of houses are larger. Note that EPC data is not available for all properties in Mere.

18 PROSPECT PLACE: Plot and Title Map

18 PROSPECT PLACE sits on a plot of roughly 0.082 of an acre, or 330m². The below map shows the location of 18 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 18 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 18 PROSPECT PLACE?

18 PROSPECT PLACE is located in MERE, in the BA12 postcode district. The below map shows the position of No. 18 on PROSPECT PLACE.