According to the public record, Merretts, Ingatestone is a mid-century freehold house and with 4,972 ft2 of internal area and sits on a 11,553 m2 plot.
Houses of this size in this area normally have 5 bedrooms with a garden.
Mill Lane, Stock, Ingatestone, CM4 is located in the borough of Chelmsford within the CM4 postal district.
Merretts, Ingatestone has a single entry in the Land Registry database from October 2020 and 2 entries in the EPC database, most recently in December 2023.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for Merretts Ingatestone as £1,992,240 and the rental value as £5,825 per month giving an expected gross yield of 3.5%.
Over the last 12 months the sale value of Merretts Ingatestone has decreased by £26,818 (1.3%) and its rental value has increased by £202 per month (3.5%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If Merretts, Ingatestone is in very good condition we estimate a sale value of £2,091,852 and rental value of £6,116 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £1,852,783 and a rental value of £5,417 per month.
If you were able to purchase this property for the estimated value of £1,992,240, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £9,791 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to data from HM Land Registry, Merretts, Ingatestone sits on a plot of 11553m2.
We have plot size data on 17 out of 31 other houses in the postcode and Merretts, Ingatestone sits on the largest plot.
According to HM Land Registry, Merretts, Ingatestone was last sold on 28 Oct 2020 for £1,500,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Oct 2020, the market for similar properties has risen 2.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Merretts, Ingatestone within a radius of 697m over the last 2 years.
The most recent example is 7, Common Road, Ingatestone, CM4 9LY, a Freehold house which sold for £1,972,000 in Jun 2021.
Read more about house prices in CM4.
Mill Lane, Stock, Ingatestone, CM4 has a total of 39 addresses. According to our analysis of all the public data, Merretts, Ingatestone is the largest and the most expensive property on the street.
When compared to the postcode district it is £1.264m more expensive than the average property in CM4.
Merretts, Ingatestone has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 20 Dec 2023.
The property is not connected to mains gas and has high performance glazing. It is heated using an electric air source heat pump and underfloor heating.
The closest station to Merretts, Ingatestone is Billericay station which is 4.5 km away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around Merretts, Ingatestone, 65.7% of property is privately owned outright and 26.6% is privately owned with a mortgage.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around Merretts, Ingatestone, 17.1% of residents are recorded as possessing school level qualifications and 41.4% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around Merretts, Ingatestone, the average age was 47.1 and the most common age was 57.
The graph below shows how this compares to East of England and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around Merretts, Ingatestone, 4.4% of property was a second home.
Comparison figures for East of England and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around Merretts, Ingatestone, there are an average of 1.8 cars per household.
See below for how this compares to East of England and the rest of England & Wales.