LUNEFIELD, PETTRIDGE LANE, MERE, WARMINSTER, BA12 6DG - £420,000

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.

LUNEFIELD is a very large detached house of 213m², built in 2014, which could now be worth an estimated £504,777. It was last sold for £420,000 in August 2017, which was around 2% below the average August 2017 detached price in the Wiltshire local authority area. The most recent EPC inspection was August 2016, where the current energy rating was B, and the potential energy rating was B.

LUNEFIELD Sold Prices

Land registry data shows two sales for LUNEFIELD 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 LUNEFIELD 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 21 AUG	£420,000	£430,366	2% below HPI
2013 22 FEB	£180,000	£317,182	43% below HPI

LUNEFIELD 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 LUNEFIELD sales from February 2013 and August 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 February 2013 sale was for 43% below the HPI. So the extrapolation line tracks at 43% below the HPI over time, until the August 2017 sale, where it rises to 2% below the HPI. The line then continues to track at 2% below the HPI.

What might LUNEFIELD be worth now?

LUNEFIELD might now be worth an estimated £504,777.

This is based on house price inflation of 20.2%, between August 2017 and May 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 20.2% inflationary increase is applied to the most recent sale price for LUNEFIELD of £420,000 on 21st August 2017. For the value to have increased from £420,000 to £504,777 over the nine years and three months to May 2026, the following assumptions must hold true:

• The value of LUNEFIELD has moved in line with the HPI for detached houses in the Wiltshire local authority area.
• The August 2017 sale price of £420,000 represented a fair market value for the property.
• The size, condition, and specification of LUNEFIELD has not materially changed since August 2017.

How Large is LUNEFIELD?

LUNEFIELD is 213m² according to the EPC inspection conducted in August 2016. This puts it in the largest 10% of detached houses in Mere, based on EPC data. The below chart shows the distribution of detached houses by size in Mere, and where LUNEFIELD lies on this distribution: 93% of detached houses are smaller than LUNEFIELD, and 6% of detached houses are larger. Note that EPC data is not available for all properties in Mere.