3, THE SQUARE, STOCK, INGATESTONE, CM4 9LG - £590,000

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.

3 THE SQUARE is a very small extended terraced house of 77m², built sometime between 1900 and 1929, which could now be worth an estimated £647,759. It was last sold for £590,000 in November 2021, which was around 90% above the average November 2021 terraced price in the Chelmsford local authority area. The most recent EPC inspection was July 2021, where the current energy rating was D, and the potential energy rating was B.

3 THE SQUARE Sold Prices

Land registry data shows four sales for 3 THE SQUARE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average terraced price in the Chelmsford local authority area for the corresponding sale date. All of the four 3 THE SQUARE 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
2021 29 NOV	£590,000	£310,941	90% above HPI
2006 3 MAY	£282,000	£170,576	65% above HPI
2002 1 NOV	£203,000	£123,130	65% above HPI
1996 20 SEP	£86,000	£50,426	71% above HPI

3 THE SQUARE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Chelmsford local authority area over time, sourced from the HPI. The four 3 THE SQUARE sales between September 1996 and November 2021 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 May 2006 sale was for 65% above the HPI. So the extrapolation line tracks at 65% above the HPI over time, until the November 2021 sale, where it rises to 90% above the HPI. The line then continues to track at 90% above the HPI.

What might 3 THE SQUARE be worth now?

3 THE SQUARE might now be worth an estimated £647,759.

This is based on house price inflation of 9.8%, between November 2021 and May 2026, for terraced 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 9.8% inflationary increase is applied to the most recent sale price for 3 THE SQUARE of £590,000 on 29th November 2021. For the value to have increased from £590,000 to £647,759 over the five years and six months to May 2026, the following assumptions must hold true:

• The value of 3 THE SQUARE has moved in line with the HPI for terraced houses in the Chelmsford local authority area.
• The November 2021 sale price of £590,000 represented a fair market value for the property.
• The size, condition, and specification of 3 THE SQUARE has not materially changed since November 2021.

How Large is 3 THE SQUARE?

3 THE SQUARE is 77m², which includes two extensions, according to the EPC inspection conducted in July 2021. This puts it in the smallest 10% of terraced houses houses in Stock, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Stock, and where 3 THE SQUARE lies on this distribution: 3% of terraced houses houses are smaller than 3 THE SQUARE, and 97% of houses are larger. Note that EPC data is not available for all properties in Stock.

3 THE SQUARE: Plot and Title Map

3 THE SQUARE sits on a plot of roughly 0.031 of an acre, or 127m². The below map shows the location of 3 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 3 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 3 THE SQUARE?

3 THE SQUARE is located in STOCK, in the CM4 postcode district. The below map shows the position of No. 3 on THE SQUARE.