HOMEWOOD, NEWSTEAD DRIVE, SOUTHAM, CV47 0LT - £505,000

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.

HOMEWOOD is a very large detached house of 164m², built sometime between 1996 and 2002, which could now be worth an estimated £601,123. It was last sold for £505,000 in November 2020, which was about the average November 2020 detached price in the Stratford-on-Avon local authority area. The most recent EPC inspection was June 2017, where the current energy rating was C, and the potential energy rating was C.

HOMEWOOD Sold Prices

Land registry data shows two sales for HOMEWOOD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Stratford-on-Avon local authority area for the corresponding sale date. One of the two HOMEWOOD sales was roughly equal to the average price, whilst the other was for below 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 30 NOV	£505,000	£503,848	Close to HPI
1999 22 OCT	£154,000	£179,410	14% below HPI

HOMEWOOD Price Paid vs. HPI Average

The below graph shows the average detached house price in the Stratford-on-Avon local authority area over time, sourced from the HPI. The two HOMEWOOD sales from October 1999 and November 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 October 1999 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the November 2020 sale, where it rises to roughly the same level as the HPI. The line then continues to track in line with the HPI.

What might HOMEWOOD be worth now?

HOMEWOOD might now be worth an estimated £601,123.

This is based on house price inflation of 19%, between November 2020 and March 2025, for detached houses, in the Stratford-on-Avon local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 19% inflationary increase is applied to the most recent sale price for HOMEWOOD of £505,000 on 30th November 2020. For the value to have increased from £505,000 to £601,123 over the five years and eight months to March 2025, the following assumptions must hold true:

• The value of HOMEWOOD has moved in line with the HPI for detached houses in the Stratford-on-Avon local authority area.
• The November 2020 sale price of £505,000 represented a fair market value for the property.
• The size, condition, and specification of HOMEWOOD has not materially changed since November 2020.

How Large is HOMEWOOD?

HOMEWOOD is 164m² according to the EPC inspection conducted in June 2017. This puts it in the largest 10% of detached houses houses in Southam, based on EPC data. The below chart shows the distribution of detached houses houses by size in Southam, and where HOMEWOOD lies on this distribution: 91% of detached houses houses are smaller than HOMEWOOD, and 8% of houses are larger. Note that EPC data is not available for all properties in Southam.

HOMEWOOD: Plot and Title Map

HOMEWOOD sits on a plot of roughly 0.125 of an acre, or 507m². The below map shows the location of HOMEWOOD, 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 HOMEWOOD). 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 HOMEWOOD?

HOMEWOOD is located on NEWSTEAD DRIVE in SOUTHAM, in the CV47 postcode district. The below map shows the position of HOMEWOOD on NEWSTEAD DRIVE.