Leamington Spa

Area Guide For Leamington Spa

Royal Leamington Spa, commonly known as Leamington Spa or Leamington or Leam colloquially, is a spa town in central Warwickshire, England. Formerly known as Leamington Priors, its expansion began following the popularisation of the medicinal qualities of its water by Dr Kerr in 1784, and by Dr Lambe around 1797. During the 19th century, the town experienced one of the most rapid expansions in England. Six electoral wards make up the urban town of Leamington Spa; Brunswick, Milverton, Manor, Crown, Clarendon and Willes. The estimated total population for those wards in 2008 was 39,940. It is named after the River Leam which flows through the town. Formerly known as Leamington Priors, Leamington began to develop as a town at the start of the 19th century. It was first mentioned in the Domesday Book of 1086 as Lamintone. For 400 years, the settlement was under the control of Kenilworth Priory, from which the older suffix derived. Its name came from Anglo-Saxon Leman-tn or Lemen-tn "farm on the River Leam". The healing properties of the spa waters had been known in Roman times and their rediscovery in 1784 by William Abbotts and Benjamin Satchwell, led to their


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Estimated Price: £280,946
Average Asking Price: £349,623
Price change in last one year: £8,688
Average Price Paid: £244,274
Average Rent Rates: £1,357


Property Prices Breakdown in Leamington Spa

Average Price for property in Leamington Spa is around £280,946 which varies based on type of property you are interested in and ranges from £444,330 for detached house to around £261,023 for semi-detached. Similarly terraced house is around £264,517 and a flat is worth £194,298. Values have been changing and have risen £2,386 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £5,168 in last 6 months, £8,688 in last 1 year, £36,055 in last 2 years, £38,505 in last 3 years, £37,556 in last 4 years and £43,343 in last 5 years.

Currently average asking price of a property in Leamington Spa is around £349,623 based on approximately 1,059 properties for sale. Same is the case with rental options based on 338 properties up for rent, average asking rent is around £1,357 per month.

Estimated property value in Leamington Spa is £280,946. Average asking price is £349,623 while average price paid is £262,888 which is up by £8,688 and Avg. asking rent £1,357.Based on an Online Survey

Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Leamington Spa area. In last 1 year alone average price buyer paid is around £262,888 based on approximately 1,059 sales in Leamington Spa area alone. If you compare it to last 3 years sales of 3,158 properties where buyers paid around £251,140. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £244,274 for 5,112 and average amount paid for purchase of approx. 6,783 properties sold in last 7 years comes to about £237,312 per sale.


Properties For Sale in Leamington Spa


Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 1 bedroom is around £200,000, £269,606 for a 2 bedroom house, £281,079 for a 3 bedroom house, £501,192 for a 4 bedroom house and £1,005,714 for a 5 bedroom house. For a flat similarly the prices varies from £157,600 for a single bedroom to £244,661 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £361,667. To sum up the asking prices for properties in Leamington Spa it comes to around average £161,455 for 1 bedroom property, £257,133 for 2 bedroom, £286,835 for 3 bedroom, £501,192 for 4 bedroom and £1,005,714 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £598 for 1 bedroom to £849 for 2 bedrooms, £1,161 for 3 bedrooms, £1,319 for 4 bedrooms and £1,592 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £874. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £984, £1,272 for 3 bedroom, £1,305 for 4 bedroom and around £1,562 for 5 bedroom flat. You should be generally be expecting around average £863 rent per month for single bedroom property, £952 for 2 bedroom, £1,184 for 3 bedroom, £1,318 for 4 bedroom and approximately £1,588 for a 5 bedroom property in Leamington Spa area.

Popular Houses in Leamington Spa

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

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