8, HOMEWARD WAY, BINLEY, COVENTRY, CV3 2UR - £325,000

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

8 HOMEWARD WAY is a midsized detached house of 106m², built sometime between 1996 and 2002. It was last sold for £325,000 in October 2020, which was around 11% below the average October 2020 detached price in the Coventry local authority area. The most recent EPC inspection was September 2015, where the current energy rating was C, and the potential energy rating was B.

8 HOMEWARD WAY Sold Prices

Land registry data shows four sales for 8 HOMEWARD WAY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Coventry local authority area for the corresponding sale date. two of the four 8 HOMEWARD WAY sales were for below the average price, and four 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
2020 26 OCT	£325,000	£364,130	11% below HPI
2016 25 AUG	£275,000	£302,713	9% below HPI
1998 30 JAN	£105,000	£86,104	22% above HPI
1996 17 MAY	£92,950	£77,484	20% above HPI

8 HOMEWARD WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Coventry local authority area over time, sourced from the HPI. The four 8 HOMEWARD WAY sales between May 1996 and October 2020 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 August 2016 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the October 2020 sale, where it falls to 11% below the HPI. The line then continues to track at 11% below the HPI.

How Large is 8 HOMEWARD WAY?

8 HOMEWARD WAY is 106m² according to the EPC inspection conducted in September 2015. This puts it in the smallest 50% of detached houses in Coventry, based on EPC data. The below chart shows the distribution of detached houses by size in Coventry, and where 8 HOMEWARD WAY lies on this distribution: 42% of detached houses are smaller than 8 HOMEWARD WAY, and 57% of houses are larger. Note that EPC data is not available for all properties in Coventry.

8 HOMEWARD WAY: Plot and Title Map

8 HOMEWARD WAY sits on a plot of roughly 0.064 of an acre, or 260m². The below map shows the location of 8 HOMEWARD WAY, 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 8 HOMEWARD WAY). 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 8 HOMEWARD WAY?

8 HOMEWARD WAY is located in BINLEY, in the CV3 postcode district. The below map shows the position of No. 8 on HOMEWARD WAY.