THERESA, MALDON ROAD, MARGARETTING, INGATESTONE, CM4 9JF - £717,500

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

THERESA is a midsized extended detached house of 153m², built sometime between 1900 and 1929, which could now be worth an estimated £824,499. It was last sold for £717,500 in March 2018, which was around 24% above the average March 2018 detached price in the Chelmsford local authority area. The most recent EPC inspection was July 2014, where the current energy rating was D, and the potential energy rating was C.

THERESA Sold Prices

Land registry data shows two sales for THERESA since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Chelmsford local authority area for the corresponding sale date. Both of the two THERESA sales were for above 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
2018 8 MAR	£717,500	£579,136	24% above HPI
2007 5 NOV	£442,500	£392,010	13% above HPI

THERESA 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 two THERESA sales from November 2007 and March 2018 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 2007 sale was for 13% above the HPI. So the extrapolation line tracks at 13% above the HPI over time, until the March 2018 sale, where it rises to 24% above the HPI. The line then continues to track at 24% above the HPI.

What might THERESA be worth now?

THERESA might now be worth an estimated £824,499.

This is based on house price inflation of 14.9%, between March 2018 and February 2025, for detached houses, in the Chelmsford local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 14.9% inflationary increase is applied to the most recent sale price for THERESA of £717,500 on 8th March 2018. For the value to have increased from £717,500 to £824,499 over the seven years and one month to February 2025, the following assumptions must hold true:

• The value of THERESA has moved in line with the HPI for detached houses in the Chelmsford local authority area.
• The March 2018 sale price of £717,500 represented a fair market value for the property.
• The size, condition, and specification of THERESA has not materially changed since March 2018.

How Large is THERESA?

THERESA is 153m², which includes two extensions, according to the EPC inspection conducted in July 2014. This puts it in the smallest 50% of detached houses houses in Margaretting, based on EPC data. The below chart shows the distribution of detached houses houses by size in Margaretting, and where THERESA lies on this distribution: 45% of detached houses houses are smaller than THERESA, and 55% of houses are larger. Note that EPC data is not available for all properties in Margaretting.

THERESA: Plot and Title Map

THERESA sits on a plot of roughly 0.208 of an acre, or 842m². The below map shows the location of THERESA, 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 THERESA). 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 THERESA?

THERESA is located on MALDON ROAD in MARGARETTING, in the CM4 postcode district. The below map shows the position of THERESA on MALDON ROAD.