HOMEWOOD, THE MALL, BRADING, SANDOWN, PO36 0DE - £184,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

HOMEWOOD is a small extended detached house of 83m², built sometime before 1900. It was last sold for £184,000 in January 2018, which was around 40% below the average January 2018 detached price in the Isle of Wight local authority area. The most recent EPC inspection was August 2011, where the current energy rating was D, 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 Isle of Wight local authority area for the corresponding sale date. Both of the two HOMEWOOD sales were 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
2018 19 JAN	£184,000	£305,686	40% below HPI
2013 21 NOV	£170,000	£259,215	34% below HPI

HOMEWOOD 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 HOMEWOOD sales from November 2013 and January 2018 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 November 2013 sale was for 34% below the HPI. So the extrapolation line tracks at 34% below the HPI over time, until the January 2018 sale, where it falls to 40% below the HPI. The line then continues to track at 40% below the HPI.

How Large is HOMEWOOD?

HOMEWOOD is 83m², which includes one extension, according to the EPC inspection conducted in August 2011. This puts it in the smallest 40% of detached houses in Brading, based on EPC data. The below chart shows the distribution of detached houses by size in Brading, and where HOMEWOOD lies on this distribution: 37% of detached houses are smaller than HOMEWOOD, and 63% of houses are larger. Note that EPC data is not available for all properties in Brading.

HOMEWOOD: Plot and Title Map

HOMEWOOD sits on a plot of roughly 0.044 of an acre, or 180m². 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 THE MALL in BRADING, in the PO36 postcode district. The below map shows the position of HOMEWOOD on THE MALL.