Key indicators for buyers
The BL12 market presents a mixed picture for buyers. Affordability has improved from a peak of 10.3x in 2021 to 8.8x today. Rising rents (£1,057/mo, +6.8%) mean the cost of waiting is real.
Yearly averages · HM Land Registry Price Paid Data
The average property in BL12 sold for £150,000 in 2021, with a median of £150,000 across 1 transactions.
House price ÷ median earnings · ONS data
Affordability data shown for wider Wiltshire area
A home in Wiltshire costs 8.8x the local median salary — stretched, improving from a peak of 10.3x in 2021.
Average monthly rent · ONS Private Rental Index
Rental data shown for wider Wiltshire area
Average monthly rent in Wiltshire is £1,057, up 6.8% year-on-year. Rents have risen consistently over the past five years.
2yr fixed · 75% LTV · 25yr term · BoE avg. rate
Based on the average Wiltshire price of £150,000 with a 25% deposit (£38k), a 2-year fixed mortgage at 3.97% costs around £592 per month.
Monthly cost comparison based on current data
Uses BL12 avg. price with Wiltshire rental data
Monthly mortgage payments (£592) are £465 less than renting (£1,057). However, buying requires an upfront deposit of £38k — it would take around 4 years to recoup that cost compared to renting and investing the difference.
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
UNIT K1 QUARRYFIELDS INDUSTRIAL ESTATE, MERE BL12 6LA | Other | £150,000 | 19 Feb 2021 |
The most recent recorded sale in BL12 was a other property for £150,000 in February 2021. Across the last 1 sales, the median price was £150,000.
Data sources (all free & public): HM Land Registry Price Paid Data & UK House Price Index · ONS Housing Affordability Ratios · ONS Private Rental Index · Bank of England Quoted Household Interest Rates · HMRC Monthly Property Transactions
Contains HM Land Registry data © Crown copyright and database right 2021. This data is licensed under the Open Government Licence v3.0.