Feb 07, 2023 by HM

House prices in Leamington Spa (CV32 5)

This article reveals price per square metre data and various charts to help you understand current housing market in Leamington Spa (CV32 5).

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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. 24 Arlington Lodge, Arlington Avenue, Leamington Spa, sold for £172,500 on Oct-2023. Given the internal area of 48 square metres, the price per sqm is £3,593.

England & Wales have been officially metric for many decades. However house price per square foot is sometimes prefered by those of sufficiently advanced age. They may want to convert metres 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. £4,250-£4,500, £4,500-£4,750, £4,750-£5,000 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 254 sales in Leamington Spa (CV32 5) that took place in the last two years.

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.

That said, the spread of prices will give you a feel of the typical range to expect in Leamington Spa (CV32 5). Of the 254 transactions, half were sold for between £3,450 and £4,640 per square metre. Notably, only 25% of properties that sold recently were valued at more than £4,640m². For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

For the average, we calculate the 'median' or middle price. The median price per square metre in 'CV32 5' is £3,990. The table below shows how 'CV32 5' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
CV32 5 Leamington Spa	£3,450m2	£3,990m2	£4,640m2
CV32 4 Leamington Spa	£3,220m2	£3,970m2	£4,400m2
CV32 6 Leamington Spa	£3,370m2	£4,020m2	£4,820m2
CV32 7 Leamington Spa	£3,370m2	£3,870m2	£4,440m2

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 scatter plot below for CV32 5 (Leamington Spa). From this one could infer a range of reasonable possible future price falls or rises. In the chart below, the red dashed line is the house price trend for CV32 5 and the blue dots are the individual property sales that inform this trend.

Disclaimer: 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. Furthermore, I cannot guarantee the accuracy of any data shown. This information is based on sold prices and internal area data provided by Land Registry and other third parties - I do not verify the accuracy of the Leamington Spa data or any other data I am given.

Price map for Leamington Spa

I've just finished coding the map I link to below. 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. I will explain more about the methodology and create a key next week.

House price heatmap for Leamington Spa

Street level data

Street	Avg size	Avg £/m2	Recent sales
Warwick Place, Leamington Spa, CV32 5D	81m2	£3,856	20
Campion Road, Leamington Spa, CV32 5X	77m2	£4,013	18
Granville Street, Leamington Spa, CV32 5X	115m2	£4,592	17
Villiers Street, Leamington Spa, CV32 5Y	86m2	£4,115	16
Wathen Road, Leamington Spa, CV32 5U	118m2	£4,409	16
Clarendon Square, Leamington Spa, CV32 5Q	98m2	£4,122	16
Lillington Avenue, Leamington Spa, CV32 5U	120m2	£3,993	15
Arlington Avenue, Leamington Spa, CV32 5B	58m2	£4,472	13

Search for your street here.

New build activity

Street	Avg size	Avg £/m2	New build sales
Kenilworth Road, Leamington Spa, CV32 5T	101m2	£4,296	9

Kenilworth Road, Leamington Spa, CV32 5T has seen 9 new build sales in the last 4 years (average price £489,475). These new build homes typically have an internal area of 101 m2, with an average price of £4,296 m2. This £sqm average is £306 above the average for CV32 5. 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.

Address	Paid	m2	£/m2
24 Arlington Lodge, Arlington Avenue, Leamington Spa	£172,500 Oct-2023	48	3,593
11, Imperial Pl, Leamington Spa	£305,000 Oct-2023	85	3,588
33 Southbank House, Lucas Court, Leamington Spa	£515,000 Sep-2023	146	3,527

See the entire list of all sales in Leamington Spa (CV32 5) here.