1, PROSPECT PLACE, MERE, WARMINSTER, BA12 6LS - £250,000

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.

1 PROSPECT PLACE is a detached house, which could now be worth an estimated £445,125. It was last sold for £250,000 in March 2005, which was around 14% below the average March 2005 detached price in the Wiltshire local authority area.

1 PROSPECT PLACE Sold Prices

Land registry data shows three sales for 1 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 1 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
2005 31 MAR	£250,000	£290,500	14% below HPI
2001 15 JUN	£162,500	£197,047	18% below HPI
1999 20 APR	£123,000	£140,969	13% below HPI

What might 1 PROSPECT PLACE be worth now?

1 PROSPECT PLACE might now be worth an estimated £445,125.

This is based on house price inflation of 78%, between March 2005 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 78% inflationary increase is applied to the most recent sale price for 1 PROSPECT PLACE of £250,000 on 31st March 2005. For the value to have increased from £250,000 to £445,125 over the twenty years and ten months to May 2026, the following assumptions must hold true:

• The value of 1 PROSPECT PLACE has moved in line with the HPI for detached houses in the Wiltshire local authority area.
• The March 2005 sale price of £250,000 represented a fair market value for the property.
• The size, condition, and specification of 1 PROSPECT PLACE has not materially changed since March 2005.

Where is 1 PROSPECT PLACE?

1 PROSPECT PLACE is located in MERE, in the BA12 postcode district.