20, PROSPECT PLACE, MERE, WARMINSTER, BA12 6LS - £399,950

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.

20 PROSPECT PLACE is a very small detached house of 78m², built sometime between 1996 and 2002, which could now be worth an estimated £487,578. It was last sold for £399,950 in July 2017, which was around 5% below the average July 2017 detached price in the Wiltshire local authority area. The most recent EPC inspection was February 2017, where the current energy rating was D, and the potential energy rating was A.

20 PROSPECT PLACE Sold Prices

Land registry data shows three sales for 20 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 20 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
2017 19 JUL	£399,950	£421,727	5% below HPI
2011 29 SEP	£278,000	£326,627	15% below HPI
1999 17 FEB	£99,500	£137,641	28% below HPI

20 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 20 PROSPECT PLACE sales between February 1999 and July 2017 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 2011 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the July 2017 sale, where it rises to 5% below the HPI. The line then continues to track at 5% below the HPI.

What might 20 PROSPECT PLACE be worth now?

20 PROSPECT PLACE might now be worth an estimated £487,578.

This is based on house price inflation of 21.9%, between July 2017 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 21.9% inflationary increase is applied to the most recent sale price for 20 PROSPECT PLACE of £399,950 on 19th July 2017. For the value to have increased from £399,950 to £487,578 over the nine years and three months to April 2026, the following assumptions must hold true:

• The value of 20 PROSPECT PLACE has moved in line with the HPI for detached houses in the Wiltshire local authority area.
• The July 2017 sale price of £399,950 represented a fair market value for the property.
• The size, condition, and specification of 20 PROSPECT PLACE has not materially changed since July 2017.

How Large is 20 PROSPECT PLACE?

20 PROSPECT PLACE is 78m² according to the EPC inspection conducted in February 2017. 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 20 PROSPECT PLACE lies on this distribution: 14% of detached houses houses are smaller than 20 PROSPECT PLACE, and 86% of houses are larger. Note that EPC data is not available for all properties in Mere.

20 PROSPECT PLACE: Plot and Title Map

20 PROSPECT PLACE sits on a plot of roughly 0.179 of an acre, or 724m². The below map shows the location of 20 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 20 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 20 PROSPECT PLACE?

20 PROSPECT PLACE is located in MERE, in the BA12 postcode district. The below map shows the position of No. 20 on PROSPECT PLACE.