1, JENNINGS PLACE, MARGARETTING, INGATESTONE, CM4 9LW - £485,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

1 JENNINGS PLACE is a very small detached house of 80m², built sometime between 1996 and 2002. It was last sold for £485,000 in November 2023, which was around 27% below the average November 2023 detached price in the Chelmsford local authority area. The most recent EPC inspection was March 2022, where the current energy rating was F, and the potential energy rating was D.

1 JENNINGS PLACE Sold Prices

Land registry data shows three sales for 1 JENNINGS PLACE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Chelmsford local authority area for the corresponding sale date. All of the three 1 JENNINGS PLACE sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2023 3 NOV	£485,000	£663,655	27% below HPI
2015 15 OCT	£340,000	£492,136	31% below HPI
2002 27 SEP	£249,500	£260,272	4% below HPI

1 JENNINGS PLACE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Chelmsford local authority area over time, sourced from the HPI. The three 1 JENNINGS PLACE sales between September 2002 and November 2023 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the October 2015 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the November 2023 sale, where it rises to 27% below the HPI. The line then continues to track at 27% below the HPI.

How Large is 1 JENNINGS PLACE?

1 JENNINGS PLACE is 80m² according to the EPC inspection conducted in March 2022. This puts it in the smallest 10% of detached houses in Margaretting, based on EPC data. The below chart shows the distribution of detached houses by size in Margaretting, and where 1 JENNINGS PLACE lies on this distribution: 8% of detached houses are smaller than 1 JENNINGS PLACE, and 92% of houses are larger. Note that EPC data is not available for all properties in Margaretting.

1 JENNINGS PLACE: Plot and Title Map

1 JENNINGS PLACE sits on a plot of roughly 0.039 of an acre, or 157m². The below map shows the location of 1 JENNINGS PLACE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 1 JENNINGS PLACE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 1 JENNINGS PLACE?

1 JENNINGS PLACE is located in MARGARETTING, in the CM4 postcode district. The below map shows the position of No. 1 on JENNINGS PLACE.