1, THE SQUARE, MARGARETTING, INGATESTONE, CM4 9JE - £335,000

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 THE SQUARE is a very small detached house of 81m², built sometime before 1900. It was last sold for £335,000 in June 2022, which was around 51% below the average June 2022 detached price in the Chelmsford local authority area. The most recent EPC inspection was March 2020, where the current energy rating was G, and the potential energy rating was C.

1 THE SQUARE Sold Prices

Land registry data shows four sales for 1 THE SQUARE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Chelmsford local authority area for the corresponding sale date. All of the four 1 THE SQUARE 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
2022 7 JUN	£335,000	£676,930	51% below HPI
2001 12 NOV	£166,000	£216,732	23% below HPI
1999 12 FEB	£115,000	£139,864	18% below HPI
1997 20 JUN	£92,250	£120,692	24% below HPI

1 THE SQUARE 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 four 1 THE SQUARE sales between June 1997 and June 2022 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 November 2001 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the June 2022 sale, where it falls to 51% below the HPI. The line then continues to track at 51% below the HPI.

How Large is 1 THE SQUARE?

1 THE SQUARE is 81m² according to the EPC inspection conducted in March 2020. This puts it in the smallest 20% 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 THE SQUARE lies on this distribution: 11% of detached houses are smaller than 1 THE SQUARE, and 89% of houses are larger. Note that EPC data is not available for all properties in Margaretting.

1 THE SQUARE: Plot and Title Map

1 THE SQUARE sits on a plot of roughly 0.052 of an acre, or 209m². The below map shows the location of 1 THE SQUARE, 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 THE SQUARE). 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 THE SQUARE?

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