Feb 07, 2023 by HM

House prices in Mere (BA12 6)

This article reveals price per square metre data and various charts to help you understand current housing market in Mere (BA12 6).

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Price per square metre

Knowing the average house price in Mere is not much use. However, knowing average price per square metre can be quite useful. Price per sqm allows some comparison between properties of different size. We define price per square metre as the sold price divided by the internal area of a property:

£ per sqm = price ÷ internal area

E.g. Knoll View, The Fields, Mere, Warminster, sold for £185,000 on Sep-2023. Given the internal area of 61 square metres, the price per sqm is £3,032.

England & Wales have been officially metric for many decades. However house price per square foot is sometimes prefered by those of sufficiently advanced age. They may want to convert metres on this page to square feet.

The chart below is called a histogram, it helps you see the distribution of this house price per sqm data. To make this chart we put the sales data into a series of £ per sqm 'buckets' (e.g. £4,250-£4,500, £4,500-£4,750, £4,750-£5,000 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 93 sales in Mere (BA12 6) that took place in the last two years.

You can see the spread of prices above. This is because although internal area is a key factor in determining valuation, it is not the only factor. Many factors other than size affect desirability; these factors could be condition, aspect, garden size, negotiating power of the vendor etc.

That said, the spread of prices will give you a feel of the typical range to expect in Mere (BA12 6). Of the 93 transactions, half were sold for between £3,060 and £4,060 per square metre. Notably, only 25% of properties that sold recently were valued at more than £4,060m². For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

For the average, we calculate the 'median' or middle price. The median price per square metre in 'BA12 6' is £3,530. The table below shows how 'BA12 6' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
BA12 8 Warminster	£2,940m2	£3,380m2	£3,850m2
BA12 9 Warminster	£2,410m2	£3,100m2	£3,760m2
BA12 6 Mere	£3,060m2	£3,530m2	£4,060m2
BA12 7 Sutton Veny	£2,940m2	£3,570m2	£4,280m2
BA12 0 Codford	£3,270m2	£3,720m2	£4,440m2

Will Mere house prices drop in 2024?

I cannot tell the future and don't believe anyone who says they can. I can however plot price trends - I have done this in the scatter plot below for BA12 6 (Mere). From this one could infer a range of reasonable possible future price falls or rises. In the chart below, the red dashed line is the house price trend for BA12 6 and the blue dots are the individual property sales that inform this trend.

Disclaimer: The data provided throughout this website about Mere and any other area, is not financial advice. Any information provided does not and cannot ever take in to account the particular financial situation, objectives or property needs of either you or anyone reading this information. Furthermore, I cannot guarantee the accuracy of any data shown. This information is based on sold prices and internal area data provided by Land Registry and other third parties - I do not verify the accuracy of the Mere data or any other data I am given.

Price map for Mere

I've just finished coding the map I link to below. I find it useful and I am sure it will help you in exploring Mere. You can zoom in all the way to individual properties and then all the way back out to see the whole country. The colours show the current estimated property values. I will explain more about the methodology and create a key next week.

House price heatmap for Mere

Street level data

Street	Avg size	Avg £/m2	Recent sales
Castle Street, Mere, BA12 6J	127m2	£2,608	12
Lordsmead Road, Mere, BA12 6B	74m2	£4,113	10
Downside Close, Mere, BA12 6A	82m2	£3,253	10
Zeals Rise, Mere, BA12 6P	77m2	£4,059	10
Salisbury Street, Mere, BA12 6H	118m2	£2,771	9
North Street, Mere, BA12 6H	90m2	£2,907	8
White Road, Mere, BA12 6E	87m2	£2,749	8
Homefield, Mere, BA12 6L	94m2	£3,582	7

Search for your street here.

New build activity

Street	Avg size	Avg £/m2	New build sales
Coward Road, Mere, BA12 6F	109m2	£3,110	13

Coward Road, Mere, BA12 6F has seen 13 new build sales in the last 4 years (average price £330,535). These new build homes typically have an internal area of 109 m2, with an average price of £3,110 m2. This £sqm average is £-420 below the average for BA12 6. New builds typically command a £ per sqm premium. In the case of Coward Road the premium seems not to exist. Without more info we can only speculate why this may be. Perhaps it may be greater density and smaller gardens, but this is just a guess.

Raw data

Our analysis of Mere is derived from what is essentially a big table of sold prices from Land Registry with added property size information. Below are three rows from this table to give you an idea.

Address	Paid	m2	£/m2
Knoll View, The Fields, Mere, Warminster	£185,000 Sep-2023	61	3,032
17, Whitemarsh, Mere, Warminster	£375,000 Aug-2023	87	4,310
The Rickyard, Wet Lane, Mere, Warminster	£425,000 Aug-2023	94	4,521

See the entire list of all sales in Mere (BA12 6) here.