# House prices in CM4 0 (Ingatestone)

## Defining 'CM4 0'

This analysis is limited to properties whose postcode starts with "CM4 0", this is also called the postcode sector. It is shown in red on the map above. There are no official names for postcode sectors so I've just labelled it Ingatestone.

You can click on the map labels to change to a neighbouring sector, or you can enter a different postcode sector (e.g. CM23 4) below.

FYI, a postcode sector is the full postcode without the last two letters.

## 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. Wellington, Chelmsford Road, Ingatestone, sold for £750,000 on Mar-2024. Given the internal area of 161 square metres, the price per sqm is £4,658.

England & Wales have been officially metric since 1965. However house price per square foot is prefered by some estate agents and those of sufficiently advanced age ;-) They may want to convert square meters 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. £6,050-£6,500, £6,500-£6,950, £6,950-£7,400 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 Ingatestone (CM4 0) that took place in the last two years.

##### Distribution of £ per sqm for Ingatestone
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.

The spread of prices will give you a feel of the typical range to expect in Ingatestone (CM4 0). Of the 93 transactions, half were sold for between £4,920 and £6,460 per square metre. The median, or 'middle', price per square metre in 'CM4 0' is £5,510. Notably, only 25% of properties that sold recently were valued at more than £6,460 sqm. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

## Price map for Ingatestone

Do have a look at the interactive price map I created. 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.

House price heatmap for Ingatestone

## Comparison with neighbouring postcode sectors

The table below shows how 'CM4 0' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
CM4 0 Ingatestone £4,920 sqm £5,510 sqm £6,460 sqm
CM4 9 Stock £4,990 sqm £5,740 sqm £6,800 sqm

## 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 chart below for CM4 0 (Ingatestone) compared with both the wider area CM4 and inflation (CPIH from the Office of National Statistics). The dashed trend lines in the chart show the average over time.

##### Historic price per square metre in Ingatestone,Ingatestone
House price trends for Ingatestone

For the most recent sales activity, rather than a summarized average, it is better to see the underlying data. This is shown in the chart below, where blue dots represent individual sales, click on them to see details. If there is an obvious trend you should be able to spot it here amid the noise from outliers.

##### Most recent CM4 0 sales
Recent trends for Ingatestone

Data from Land Registry comes in gradually over time. I update it every month but it takes about 5 months for the majority of sales for Ingatestone to be recorded. Disclaimer: I do not verify and cannot guarantee the accuracy of any data shown. Outliers exist in the data, typically these are where the EPC registry records the internal area incorrectly, sometimes although very rarely the Land Registry price paid data can be wrong. 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.

## Street level data

Street Avg size Avg £sqm Recent sales
The Furlongs, Ingatestone, CM4 0A 119 sqm £5,082 21
Fryerning Lane, Ingatestone, CM4 0D 91 sqm £5,422 15
Crown Mews, Ingatestone, CM4 0F 105 sqm £6,250 14
The Paddocks, Ingatestone, CM4 0B 115 sqm £5,811 13
Summerfields, Ingatestone, CM4 0B 56 sqm £5,085 11
Meadow Rise, Ingatestone, CM4 0Q 132 sqm £5,686 10
The Meads, Ingatestone, CM4 0A 94 sqm £5,311 7
Nine Ashes Road, Ingatestone, CM4 0J 181 sqm £5,481 7

## New build activity

Street Avg size Avg £sqm New build sales
Little Ridings Lane, Ingatestone, CM4 0F 186 sqm £4,533 12

Little Ridings Lane, Ingatestone, CM4 0F has seen 12 new build sales in the last 4 years (average price £853,750). These new build homes typically have an internal area of 186 sqm, with an average price of £4,533 sqm. This £sqm average is £-977 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.

Wellington, Chelmsford Rd, Ingatestone £750,000
Mar-2024
161 4,658
4 Brookside Cottages, Main Rd, Ingatestone £595,000
Feb-2024
100 5,950
3, Gatehouse Mews, Ingatestone £1,100,000
Feb-2024
162 6,790