Royal Leamington Spa House Prices Royal Leamington Spa House Prices

The average house price in Royal Leamington Spa is £422,666 using HM Land Registry data.

The average property price increased by £46,347 (13.26%) over the last 5 years and increased by £9,263 (2.4%) over the last 12 months.

Over the last year, there were 600 residential property sales – a decrease of 159 transactions (-26.50%) relative to the previous year. The majority of house sales (154) were in the £274,000 - £368,000 range. Then came properties in the £180,000 - £274,000 range, where 147 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 68 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-11,386 (-1%).

In April 2024, there were 113 new estate agency instructions, 88 agreed home sales and 34 property price reductions.

5-Year Average Property Prices in Royal Leamington Spa

13.26%

Property prices in Royal Leamington Spa increased by 13.26% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in Royal Leamington Spa Over the Last Year

2.4%

Property prices in Royal Leamington Spa increased by 2.4% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Property Market Heat Gauge for Royal Leamington Spa - April 2024

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 61 to 80 days, the broad evidence suggests a slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a market slowdown or a combination of both. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in some relisting the property at a later date). Others simply reduce the price to a level that will entice more buyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in Royal Leamington Spa

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in Royal Leamington Spa

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in Royal Leamington Spa

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the Royal Leamington Spa since 1995

Using HM Land Registry data, this chart displays average annual house prices in the Royal Leamington Spa area since 1995.

Recent Property Sales in Royal Leamington Spa

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
11 Belmont Drive, Leamington Spa, Warwickshire, CV32 6LS£650,000£648,500-£1,50011 Aug 202313 Mar 2024215 Days
8 Pleasant Way, Leamington Spa, Warwickshire, CV32 5XA£285,000£270,000-£15,00018 Sep 202308 Mar 2024172 Days
14 Finings Court, Leamington Spa, Warwickshire, CV32 5FG£380,000£377,500-£2,50016 Oct 202307 Mar 2024143 Days
67 Frances Havergal Close, Leamington Spa, Warwickshire, CV31 3BU£165,000£155,000-£10,00004 Aug 202301 Mar 2024210 Days
12 St Brides Close, Leamington Spa, Warwickshire, CV31 1NX£285,000£277,000-£8,00018 Oct 202301 Mar 2024135 Days
68 Marlborough Drive, Sydenham, Leamington Spa, Warwickshire, CV31 1GW£230,000£230,000£0002 Oct 202326 Feb 2024147 Days
26 Woodbine Street, Leamington Spa, Warwickshire, CV32 5BG£595,000£575,000-£20,00024 Jul 202316 Feb 2024207 Days
54 Rugby Road, Leamington Spa, Warwickshire, CV32 6DG£600,000£582,000-£18,00007 Nov 202313 Feb 202498 Days
185 Leam Terrace, Leamington Spa, Warwickshire, CV31 1DW£775,000£762,000-£13,00006 Oct 202308 Feb 2024125 Days
157 Guys Cliffe Avenue, Leamington Spa, Warwickshire, CV32 6RX£650,000£650,000£0015 Sep 202331 Jan 2024138 Days
15 Quarry Street, Leamington Spa, Warwickshire, CV32 6AS£385,000£377,500-£7,50013 Oct 202326 Jan 2024105 Days
6 Birchway Close, Leamington Spa, Warwickshire, CV32 6BJ£550,000£510,000-£40,00025 Jan 202326 Jan 2024366 Days
21 Adelaide Road, Leamington Spa, Warwickshire, CV31 3PN£1,000,000£865,000-£135,00001 Nov 202204 Jan 2024429 Days
87 Kennan Avenue, Leamington Spa, Warwickshire, CV31 3HZ£200,000£200,000£0018 Sep 202319 Dec 202392 Days
16 Mathecroft, Leamington Spa, Warwickshire, CV31 1YG£239,950£227,000-£12,95018 Sep 202319 Dec 202392 Days
26 Clarendon Crescent, Leamington Spa, Warwickshire, CV32 5NR£385,000£375,000-£10,00002 Oct 202304 Dec 202363 Days
12 Binswood Avenue, Leamington Spa, Warwickshire, CV32 5SQ£950,000£890,000-£60,00028 Jun 202330 Nov 2023155 Days
13 Hadrian Close, Leamington Spa, Warwickshire, CV32 7ED£350,000£340,000-£10,00013 Jul 202329 Nov 2023139 Days
16 Gunnery Terrace, Leamington Spa, Warwickshire, CV32 5PE£310,000£300,000-£10,00026 Sep 202324 Nov 202359 Days
215 Rugby Road, Leamington Spa, Warwickshire, CV32 6DY£835,000£821,000-£14,00005 Jun 202324 Nov 2023172 Days

Most Expensive Streets in Royal Leamington Spa

PostcodeStreetAreaAverageNo. of Sales
CV32 5YYLillington RoadLeamington Spa£1,500,0003
CV32 5TABeauchamp AvenueLeamington Spa£1,433,7504
CV32 5RXBinswood AvenueLeamington Spa£1,395,8333
CV32 6HENorthumberland RoadLeamington Spa£1,261,3336
CV31 3PQAvenue RoadLeamington Spa£1,238,3333
CV32 5TBBeauchamp AvenueLeamington Spa£1,156,0005
CV32 5LYHeath TerraceLeamington Spa£1,149,3333
CV32 4SWLansdowne CircusLeamington Spa£1,115,5004
CV32 6QQCloister CroftsLeamington Spa£1,114,5003
CV32 5SEBinswood AvenueLeamington Spa£1,095,0003

Least Expensive Streets in Royal Leamington Spa

PostcodeStreetAreaAverageNo. of Sales
CV31 1SRBarton CrescentLeamington Spa£97,5003
CV31 3QPHitchman CourtHitchman Road£98,8128
CV31 1HQForfield PlaceLeamington Spa£108,7504
CV32 4QUKinmond CourtKenilworth Street, Leamington Spa£112,64627
CV31 1HURyland CloseLeamington Spa£118,3005
CV32 6JHKenilworth RoadLeamington Spa£125,6503
CV31 2DSBrunswick StreetLeamington Spa£138,9256
CV32 4TXSt Pauls SquareLeamington Spa£140,0005
CV31 2DXBrunswick StreetLeamington Spa£142,5003
CV31 3BFYew Tree CourtLeamington Spa£143,7647

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