Adds documentation for home-assistant/home-assistant#18067 (#7305)

* Adds configuration options for additional functionality

* Corrected typo

* Fix typo

source/_components/sensor.version.markdown

@@ -14,11 +14,11 @@ ha_release: 0.52
 ha_qa_scale: internal
 ---
 
-The `version` sensor platform is displaying the current version of Home Assistant in the frontend.
+The `version` sensor platform that can display the current Home Assistant versions.
 
 ## {% linkable_title Configuration %}
 
-To enable this sensor, add the following lines to your `configuration.yaml` file for a GET request:
+To enable this sensor, add the following lines to your `configuration.yaml`:
 
 ```yaml
 # Example configuration.yaml entry
@@ -31,10 +31,29 @@ name:
   description: Name to use in the frontend.
   required: false
   type: string
-  default: Current Version
+  default: Home Assistant Version
+beta:
+  description: Flag to indicate that it will check for beta versions, only supported for the sources `pypi`, `hassio` and `docker`.
+  required: false
+  type: boolean
+  default: false
+image:
+  description: The image you want to check against, this is only supported for `hassio`, see full list under.
+  required: false
+  type: string
+  default: default
+source:
+  description: The source you want to check against, possible values are `local`, `pypi`, `hassio` and `docker`.
+  required: false
+  type: string
+  default: local
 {% endconfiguration %}
 
-## {% linkable_title Alternatives %}
+### {% linkable_title Supported images for Hassio %}
+
+`default`, `qemux86`, `qemux86-64`, `qemuarm`, `qemuarm-64`, `intel-nuc`, `raspberrypi`, `raspberrypi2`, `raspberrypi3`, `raspberrypi3-64`, `tinker`, `odroid-c2`, `odroid-xu`
+
+## {% linkable_title Alternatives for showing local version %}
 
 This sensor is an alternative to the existing solutions to achieve the same
 result through various platforms.
@@ -56,7 +75,7 @@ sensor:
     command: "/home/homeassistant/bin/hass --version"
 ```
 
-It's also possible to ready a file called `.HA_VERSION` which is located in your
+It's also possible to read a file called `.HA_VERSION` which is located in your
 Home Assistant [configuration](/docs/configuration/) folder.
 
 ```yaml
@@ -68,7 +87,7 @@ sensor:
 
 You might think that a [`rest` sensor](/components/sensor.rest/) could work,
 too,
-but it will not as Home Assistant is not ready when the sensor get initialized.
+but it will not as Home Assistant is not ready when the sensor gets initialized.
 
 {% raw %}
 ```yaml