HOMEMEAD, CHALE STREET, CHALE GREEN, VENTNOR, PO38 2JQ - £480,000

HOMEMEAD is a midsized detached house of 129m², built sometime between 1991 and 1995. It was last sold for £480,000 in August 2022, which was around 12% above the average August 2022 detached price in the Isle of Wight local authority area. The most recent EPC inspection was August 2014, where the current energy rating was A, and the potential energy rating was A.

HOMEMEAD Sold Prices

Land registry data shows two sales for HOMEMEAD 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 HOMEMEAD 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
2022 16 AUG	£480,000	£428,824	12% above HPI
2014 22 DEC	£320,000	£269,910	19% above HPI

HOMEMEAD 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 HOMEMEAD sales from December 2014 and August 2022 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 December 2014 sale was for 19% above the HPI. So the extrapolation line tracks at 19% above the HPI over time, until the August 2022 sale, where it falls to 12% above the HPI. The line then continues to track at 12% above the HPI.

How Large is HOMEMEAD?

HOMEMEAD is 129m² according to the EPC inspection conducted in August 2014. This puts it in the largest 50% of detached houses in Chale, based on EPC data. The below chart shows the distribution of detached houses by size in Chale, and where HOMEMEAD lies on this distribution: 52% of detached houses are smaller than HOMEMEAD, and 48% of houses are larger. Note that EPC data is not available for all properties in Chale.

HOMEMEAD: Plot and Title Map

HOMEMEAD sits on a plot of roughly 0.260 of an acre, or 1,053m². The below map shows the location of HOMEMEAD, 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 HOMEMEAD). 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 HOMEMEAD?

HOMEMEAD is located on CHALE STREET in CHALE GREEN, in the PO38 postcode district. The below map shows the position of HOMEMEAD on CHALE STREET.