HOLMWOOD, MAIN ROAD, PORCHFIELD, NEWPORT, PO30 4LN - £500,000

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

HOLMWOOD is a very large extended detached house of 161m², built sometime between 1930 and 1949. It was last sold for £500,000 in January 2023, which was around 14% above the average January 2023 detached price in the Isle of Wight local authority area. The most recent EPC inspection was February 2013, where the current energy rating was D, and the potential energy rating was C.

HOLMWOOD Sold Prices

Land registry data shows three sales for HOLMWOOD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Isle of Wight local authority area for the corresponding sale date. All of the three HOLMWOOD 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
2023 5 JAN	£500,000	£437,223	14% above HPI
2014 22 AUG	£375,000	£265,613	41% above HPI
2011 26 MAY	£360,000	£249,829	44% above HPI

HOLMWOOD Price Paid vs. HPI Average

The below graph shows the average detached house price in the Isle of Wight local authority area over time, sourced from the HPI. The three HOLMWOOD sales between May 2011 and January 2023 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 2014 sale was for 41% above the HPI. So the extrapolation line tracks at 41% above the HPI over time, until the January 2023 sale, where it falls to 14% above the HPI. The line then continues to track at 14% above the HPI.

How Large is HOLMWOOD?

HOLMWOOD is 161m², which includes one extension, according to the EPC inspection conducted in February 2013. This puts it in the largest 20% of detached houses in Porchfield, based on EPC data. The below chart shows the distribution of detached houses by size in Porchfield, and where HOLMWOOD lies on this distribution: 80% of detached houses are smaller than HOLMWOOD, and 20% of houses are larger. Note that EPC data is not available for all properties in Porchfield.

HOLMWOOD: Plot and Title Map

HOLMWOOD sits on a plot of roughly 0.414 of an acre, or 1,674m². The below map shows the location of HOLMWOOD, 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 HOLMWOOD). 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 HOLMWOOD?

HOLMWOOD is located on MAIN ROAD in PORCHFIELD, in the PO30 postcode district. The below map shows the position of HOLMWOOD on MAIN ROAD.