Feb 07, 2023 by HM

House prices in Ingatestone (CM4 0)

This article reveals price per square metre data and various charts to help you understand current housing market in Ingatestone (CM4 0).

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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.

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.

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

Search for your street here.

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.

Address	Paid	m2	£/m2
Flat 7 The Gatehouse, Station Lane, Ingatestone	£283,000 Aug-2023	62	4,564
73, The Paddocks, Ingatestone	£725,000 Aug-2023	143	5,069
24b, Fryerning Lane, Ingatestone	£1,300,000 Aug-2023	172	7,558

See the entire list of all sales in Ingatestone (CM4 0) here.