# House prices in CV31 3 (Leamington Spa)

This article reveals price per square metre data and various charts to help you understand current housing market in Leamington Spa (CV31 3).

## Defining 'CV31 3'

This analysis is limited to properties whose postcode starts with "CV31 3", this is also called the postcode sector. It is shown in red on the map above. There are no official names for postcode sectors so I've just labelled it Leamington Spa.

You can click on the map labels to change to a neighbouring sector, or you can enter a different postcode sector (e.g. CM23 4) below.

FYI, a postcode sector is the full postcode without the last two letters.

## Price per square metre

Knowing the average house price in Leamington Spa is not much use. However, knowing average price per square metre can be quite useful. Price per sqm allows some comparison between properties of different size. We define price per square metre as the sold price divided by the internal area of a property:

£ per sqm = price ÷ internal area
E.g. 67, Frances Havergal Close, Leamington Spa, sold for £155,000 on Mar-2024. Given the internal area of 50 square metres, the price per sqm is £3,100.

England & Wales have been officially metric since 1965. However house price per square foot is prefered by some estate agents and those of sufficiently advanced age ;-) They may want to convert square meters on this page to square feet.

The chart below is called a histogram, it helps you see the distribution of this house price per sqm data. To make this chart we put the sales data into a series of £ per sqm 'buckets' (e.g. £3,800-£4,000, £4,000-£4,200, £4,200-£4,400 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 159 sales in Leamington Spa (CV31 3) that took place in the last two years.

##### Distribution of £ per sqm for Leamington Spa
Distribution of £ per sqm house prices in Leamington Spa

You can see the spread of prices above. This is because although internal area is a key factor in determining valuation, it is not the only factor. Many factors other than size affect desirability; these factors could be condition, aspect, garden size, negotiating power of the vendor etc.

The spread of prices will give you a feel of the typical range to expect in Leamington Spa (CV31 3). Of the 159 transactions, half were sold for between £2,870 and £3,900 per square metre. The median, or 'middle', price per square metre in 'CV31 3' is £3,330. Notably, only 25% of properties that sold recently were valued at more than £3,900 sqm. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

## Price map for Leamington Spa

Do have a look at the interactive price map I created. I find it useful and I am sure it will help you in exploring Leamington Spa. You can zoom in all the way to individual properties and then all the way back out to see the whole country. The colours show the current estimated property values.

House price heatmap for Leamington Spa

## Comparison with neighbouring postcode sectors

The table below shows how 'CV31 3' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
CV31 2 Whitnash £3,280 sqm £3,770 sqm £4,240 sqm
CV31 3 Leamington Spa £2,870 sqm £3,330 sqm £3,900 sqm
CV31 1 Leamington Spa £3,310 sqm £3,870 sqm £4,470 sqm

## Will Leamington Spa house prices drop in 2024?

I cannot tell the future and don't believe anyone who says they can. I can however plot price trends - I have done this in the chart below for CV31 3 (Leamington Spa) compared with both the wider area CV31 and inflation (CPIH from the Office of National Statistics). The dashed trend lines in the chart show the average over time.

##### Historic price per square metre in Leamington Spa,Leamington Spa
House price trends for Leamington Spa

For the most recent sales activity, rather than a summarized average, it is better to see the underlying data. This is shown in the chart below, where blue dots represent individual sales, click on them to see details. If there is an obvious trend you should be able to spot it here amid the noise from outliers.

##### Most recent CV31 3 sales
Recent trends for Leamington Spa

Data from Land Registry comes in gradually over time. I update it every month but it takes about 5 months for the majority of sales for Leamington Spa to be recorded. Disclaimer: I do not verify and cannot guarantee the accuracy of any data shown. Outliers exist in the data, typically these are where the EPC registry records the internal area incorrectly, sometimes although very rarely the Land Registry price paid data can be wrong. The data provided throughout this website about Leamington Spa and any other area, is not financial advice. Any information provided does not and cannot ever take in to account the particular financial situation, objectives or property needs of either you or anyone reading this information.

## Street level data

Street Avg size Avg £sqm Recent sales
Tachbrook Road, Leamington Spa, CV31 3D 103 sqm £3,671 25
Queensway, Leamington Spa, CV31 3L 67 sqm £2,742 23
Avenue Road, Leamington Spa, CV31 3N 67 sqm £3,531 21
Avenue Road, Leamington Spa, CV31 3P 114 sqm £3,746 20
Frances Havergal Close, Leamington Spa, CV31 3B 54 sqm £3,481 16
Manor Court, Leamington Spa, CV31 3N 72 sqm £3,454 13
The Moorings, Leamington Spa, CV31 3Q 63 sqm £3,235 13
Ranelagh Terrace, Leamington Spa, CV31 3B 70 sqm £3,557 12

## New build activity

Street Avg size Avg £sqm New build sales
Isambard Close, Leamington Spa, CV31 3S 63 sqm £4,184 12

Isambard Close, Leamington Spa, CV31 3S has seen 12 new build sales in the last 4 years (average price £274,694). These new build homes typically have an internal area of 63 sqm, with an average price of £4,184 sqm. This £sqm average is £854 above the average for CV31 3. New builds typically command a £ per sqm premium so this is normal.

## Raw data

Our analysis of Leamington Spa is derived from what is essentially a big table of sold prices from Land Registry with added property size information. Below are three rows from this table to give you an idea.