House prices in CV32 4 (Leamington Spa)

This article reveals price per square metre data and various charts to help you understand current housing market in Leamington Spa (CV32 4).


Defining 'CV32 4'

This analysis is limited to properties whose postcode starts with "CV32 4", 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. Flat 31 Regency House, Newbold Terrace, Leamington Spa, sold for £255,500 on Mar-2024. Given the internal area of 71 square metres, the price per sqm is £3,598.

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. £4,700-£5,000, £5,000-£5,300, £5,300-£5,600 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 88 sales in Leamington Spa (CV32 4) 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 (CV32 4). Of the 88 transactions, half were sold for between £3,450 and £4,410 per square metre. The median, or 'middle', price per square metre in 'CV32 4' is £3,970. Notably, only 25% of properties that sold recently were valued at more than £4,410 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.

Property price heatmap for Leamington Spa
House price heatmap for Leamington Spa

Comparison with neighbouring postcode sectors

The table below shows how 'CV32 4' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
CV32 5 Leamington Spa £3,480 sqm £4,050 sqm £4,740 sqm
CV32 6 Leamington Spa £3,370 sqm £4,140 sqm £4,930 sqm
CV32 4 Leamington Spa £3,450 sqm £3,970 sqm £4,410 sqm
CV32 7 Leamington Spa £3,460 sqm £3,980 sqm £4,540 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 CV32 4 (Leamington Spa) compared with both the wider area CV32 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 CV32 4 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
Kenilworth Street, Leamington Spa, CV32 4Q 49 sqm £2,055 19
Livery Street, Leamington Spa, CV32 4N 62 sqm £3,898 14
Upper Holly Walk, Leamington Spa, CV32 4J 134 sqm £3,874 13
Leicester Street, Leamington Spa, CV32 4T 126 sqm £4,102 12
Newbold Terrace, Leamington Spa, CV32 4H 67 sqm £4,189 9
Princes Street, Leamington Spa, CV32 4T 75 sqm £4,378 9
Newbold Terrace East, Leamington Spa, CV32 4E 115 sqm £4,193 9
Willes Road, Leamington Spa, CV32 4P 88 sqm £4,304 9

Search for your street here.

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.

Address Paid sqm £/sqm
Flat 31 Regency House, Newbold Terrace, Leamington Spa £255,500
Mar-2024
71 3,598
Apartment 8 162a, Parade, Leamington Spa £242,500
Feb-2024
61 3,975
34, Princes St, Leamington Spa £350,000
Jan-2024
77 4,545

See the entire list of all sales in Leamington Spa (CV32 4) here.

About

I created HouseMetric because I wanted to see this data and analysis myself, I also wanted to teach myself to build a website. Please give me feedback or spread the word about it. I'm constantly tinkering and adding more stuff to it.