HOMELANDS, ALVERSTONE ROAD, QUEEN BOWER, SANDOWN, PO36 0LB - £415,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

HOMELANDS is a very large extended detached house of 181m², built sometime between 1930 and 1949, which could now be worth an estimated £489,813. It was last sold for £415,000 in October 2020, which was around 20% above the average October 2020 detached price in the Isle of Wight local authority area. The most recent EPC inspection was May 2014, where the current energy rating was E, and the potential energy rating was D.

HOMELANDS Sold Prices

Land registry data shows two sales for HOMELANDS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Isle of Wight local authority area for the corresponding sale date. Both of the two HOMELANDS 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
2020 20 OCT	£415,000	£344,934	20% above HPI
2004 27 JAN	£323,000	£205,394	57% above HPI

HOMELANDS 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 two HOMELANDS sales from January 2004 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 January 2004 sale was for 57% above the HPI. So the extrapolation line tracks at 57% above the HPI over time, until the October 2020 sale, where it falls to 20% above the HPI. The line then continues to track at 20% above the HPI.

What might HOMELANDS be worth now?

HOMELANDS might now be worth an estimated £489,813.

This is based on house price inflation of 18%, between October 2020 and February 2025, for detached houses, in the Isle of Wight local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 18% inflationary increase is applied to the most recent sale price for HOMELANDS of £415,000 on 20th October 2020. For the value to have increased from £415,000 to £489,813 over the five years and eight months to February 2025, the following assumptions must hold true:

• The value of HOMELANDS has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The October 2020 sale price of £415,000 represented a fair market value for the property.
• The size, condition, and specification of HOMELANDS has not materially changed since October 2020.

How Large is HOMELANDS?

HOMELANDS is 181m², which includes two extensions, according to the EPC inspection conducted in May 2014. This puts it in the largest 10% of detached houses houses in Winford, based on EPC data. The below chart shows the distribution of detached houses houses by size in Winford, and where HOMELANDS lies on this distribution: 96% of detached houses houses are smaller than HOMELANDS, and 4% of houses are larger. Note that EPC data is not available for all properties in Winford.

HOMELANDS: Plot and Title Map

HOMELANDS sits on a plot of roughly 0.203 of an acre, or 820m². The below map shows the location of HOMELANDS, 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 HOMELANDS). 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 HOMELANDS?

HOMELANDS is located on ALVERSTONE ROAD in QUEEN BOWER, in the PO36 postcode district. The below map shows the position of HOMELANDS on ALVERSTONE ROAD.