Feb 07, 2023 by HM

# House prices in Ingatestone (CM4 0)

## Price per square metre

Knowing the average house price in Ingatestone 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. Flat 7 The Gatehouse, Station Lane, Ingatestone, sold for £283,000 on Aug-2023. Given the internal area of 62 square metres, the price per sqm is £4,564.

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. £7,600-£8,000, £8,000-£8,400, £8,400-£8,800 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 98 sales in Ingatestone (CM4 0) that took place in the last two years.

##### Distribution of £ per sqm for Ingatestone (CM4 0)
Distribution of £ per sqm house prices in Ingatestone

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 Ingatestone (CM4 0). Of the 98 transactions, half were sold for between £5,080 and £6,730 per square metre. Notably, only 25% of properties that sold recently were valued at more than £6,730m2. 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 'CM4 0' is £5,670. The table below shows how 'CM4 0' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
CM4 0 Ingatestone £5,080m2 £5,670m2 £6,730m2
CM4 9 Stock £4,880m2 £5,700m2 £6,820m2

## Will Ingatestone 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 CM4 0 (Ingatestone). 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 CM4 0 and the blue dots are the individual property sales that inform this trend.

##### Price per square metre in Ingatestone (CM4 0) over time
House price trends for Ingatestone

Hover on any blue dot to see details of specific sales

Disclaimer: The data provided throughout this website about Ingatestone 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 Ingatestone data or any other data I am given.

## Price map for Ingatestone

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 Ingatestone. 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 Ingatestone

## Street level data

Street Avg size Avg £/m2 Recent sales
The Furlongs, Ingatestone, CM4 0A 119m2 £5,040 19
Fryerning Lane, Ingatestone, CM4 0D 92m2 £5,526 15
The Paddocks, Ingatestone, CM4 0B 116m2 £5,885 13
Crown Mews, Ingatestone, CM4 0F 108m2 £6,470 10
Meadow Rise, Ingatestone, CM4 0Q 132m2 £5,815 9
Summerfields, Ingatestone, CM4 0B 56m2 £5,007 9
Nine Ashes Road, Ingatestone, CM4 0J 181m2 £5,304 8
Willow Green, Ingatestone, CM4 0D 183m2 £5,862 7

## New build activity

Street Avg size Avg £/m2 New build sales
Little Ridings Lane, Ingatestone, CM4 0F 182m2 £4,602 12

Little Ridings Lane, Ingatestone, CM4 0F has seen 12 new build sales in the last 4 years (average price £1,003,076). These new build homes typically have an internal area of 182 m2, with an average price of £4,602 m2. This £sqm average is £-1068 below the average for CM4 0. New builds typically command a £ per sqm premium. In the case of Little Ridings Lane 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 Ingatestone 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.