Sold STC Flat

2A

WARWICK TERRACE, LEAMINGTON SPA, WARWICKSHIRE CV32 5NT

2 beds 1 baths 78 m² Listed 9 Aug 2021 (-1806d)

£315,000

Reduced on 19 Oct 2021

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Property details

Tenure

LEASEHOLD

Floor area

78 m²

Last sold

£310,000 May 2022

Local average

£279,352 (+12.8%)

Deprivation

Decile 5 (15,256 of 33,755)

Street crime

376 incidents within 1 mile (May 2026)

Key features

  • Two double bedroom basement flat
  • Situated in the heart of Leamington Spa, walking distance to town centre
  • Thoughtfully renovated & upgraded throughout
  • Having its own private courtyar garden
  • Benefitting from a long lease
  • Available for sale with NO CHAIN

Additional details

Garden
Yes

Description

SUMMARY
*SOLD WITH NO CHAIN* A remarkable two DOUBLE bedroom basement flat which has been lovingly renovated by the current owner. Conveniently located within walking distance to Town Centre whilst also benefitting from spacious accommodation throughout as well as its own PRIVATE courtyard garden!


DESCRIPTION
Perfect for TOWN CENTRE living is this beautifully maintained two DOUBLE bedroom basement flat.
Just a short walk from what Leamington Spa town has to offer, this stunning home is being sold with NO CHAIN and has been thoughtfully renovated and upgraded by the current owner.
Benefitting from its own private entrance, private courtyard garden, this deceptively commodious property briefly comprises; a welcoming entrance hallway, generously sized lounge/dining room, kitchen, two double bedrooms and the family bathroom. The private courtyard garden is accessed via the lounge/dining room.

Approach 
Steps down to the walled courtyard to the front and useful storage cupboard.

Entrance Hallway 
Own private entrance leading into the welcoming entrance hallway comprising a storage cupboard and with doors to the lounge/dining room, bedroom one and family bathroom.

Lounge/diner 16' 5" x 14' 9" ( 5.00m x 4.50m )
Spacious lounge/diner comprising two radiators and double doors leading to the patio.

Kitchen 7' 8" x 6' 11" ( 2.34m x 2.11m )
Fitted with wall and base units with work surfaces over, incorporating a stainless steel sink and drainer unit. All appliances are integrated to include; electric oven and gas hob with cookerhood over, washing machine, dishwasher and a fridge/freezer. Benefitting from tiling to the splash back areas and a radiator.

Bedroom One 15' 10" x 11' 3" max ( 4.83m x 3.43m max )
Double bedroom comprising built in wardrobes, a radiator and a sash window to front elevation.

Bedroom Two 14' 7" x 9' 4" ( 4.45m x 2.84m )
Double bedrooms comprising a radiator and two windows to side elevation.

Bathroom 
Fitted with a three piece suite, comprising a wash hand basin with vanity unit, bath with shower over, low level WC, fully tiled walls, ceiling spotlights, tiled flooring and a window to front elevation.

Outside 

Garden 
Private wall enclosed courtyard garden accessed from the lounge/dining room.

Agent's Note 
The property is leasehold with a lease length of 999 years from 15th June1973. The property is subject to management costs- further information available upon request.


We currently hold lease details as displayed above, should you require further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.



1. MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract.
3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.

Listed by

Leamington Spa

Connells

Reference: 81352989

EPC Rating & Upgrade Cost

Fetching EPC data… Refresh this page in a moment.

Flood risk

Zone: 1

Risk: Low

Job (default Low)

Floorplans

Floorplan 1

Floorplan 1

EPC Graphs

EPC

EPC

Price history

152% since 2000

Event Date Price % change
Sold 27/05/2022 (4 years ago) £310,000 +21.6%
Sold 04/06/2020 (6 years ago) £255,000 +59.4%
Sold 14/09/2012 (13 years ago) £160,000 +30.1%
Sold 22/11/2000 (25 years ago) £123,000

Source: HM Land Registry Price Paid Data. Crown copyright.

Sold Comparables

Same street and nearby sales within 0.25 miles (last 5 years). Data from Land Registry Price Paid.

Address Price Date Type
1 APARTMENT 4 MILVERTON TERRACE, LEAMINGTON SPA, WARWICK, WARWICKSHIRE, CV32 5BE £104,473 04/07/2025 Flat
BEAUCHAMP HOUSE FLAT 7 BEAUCHAMP HILL, LEAMINGTON SPA, WARWICK, WARWICKSHIRE, CV32 5LR £225,000 03/11/2023 Flat
CLARENCE MANSIONS, 5 28 CLARENCE TERRACE, LEAMINGTON SPA, WARWICK, WARWICKSHIRE, CV32 5LD £310,000 11/08/2023 Flat
CLARENCE MANSIONS, 2 15 CLARENCE TERRACE, LEAMINGTON SPA, WARWICK, WARWICKSHIRE, CV32 5LD £328,000 11/08/2023 Flat
1 TOP FLOOR FLAT WARWICK PLACE, LEAMINGTON SPA, WARWICK, WARWICKSHIRE, CV32 5BH £225,000 07/08/2023 Flat
CLARENDON RISE FLAT 7 BEAUCHAMP HILL, LEAMINGTON SPA, WARWICK, WARWICKSHIRE, CV32 5NY £377,500 07/07/2023 Flat
1 APARTMENT 5 MILVERTON TERRACE, LEAMINGTON SPA, WARWICK, WARWICKSHIRE, CV32 5BE £335,000 23/06/2023 Flat
Same street 3A WARWICK TERRACE, LEAMINGTON SPA, WARWICK, WARWICKSHIRE, CV32 5NT £320,000 07/12/2022 Flat
CLARENCE MANSIONS, 5 26 CLARENCE TERRACE, LEAMINGTON SPA, WARWICK, WARWICKSHIRE, CV32 5LD £349,950 07/11/2022 Flat
BEAUCHAMP HOUSE FLAT 8 BEAUCHAMP HILL, LEAMINGTON SPA, WARWICK, WARWICKSHIRE, CV32 5LR £216,000 21/10/2022 Flat
10 FLAT 1 CLARENDON PLACE, LEAMINGTON SPA, WARWICK, WARWICKSHIRE, CV32 5QN £440,000 06/10/2022 Flat
CLARENCE MANSIONS, 2 10 CLARENCE TERRACE, LEAMINGTON SPA, WARWICK, WARWICKSHIRE, CV32 5LD £325,000 25/08/2022 Flat
9 APARTMENT 1 CLARENDON PLACE, LEAMINGTON SPA, WARWICK, WARWICKSHIRE, CV32 5QP £375,000 22/07/2022 Flat
CLARENDON RISE FLAT 8 BEAUCHAMP HILL, LEAMINGTON SPA, WARWICK, WARWICKSHIRE, CV32 5NY £360,000 08/04/2022 Flat
CLARENDON RISE FLAT 3 BEAUCHAMP HILL, LEAMINGTON SPA, WARWICK, WARWICKSHIRE, CV32 5NY £360,000 16/03/2022 Flat
9 APARTMENT 12 CLARENDON PLACE, LEAMINGTON SPA, WARWICK, WARWICKSHIRE, CV32 5QP £450,000 23/02/2022 Flat
MILVERTON LODGE FLAT 16 MILVERTON CRESCENT WEST, LEAMINGTON SPA, WARWICK, WARWICKSHIRE, CV32 5NF £203,000 09/02/2022 Flat
34A GROVE STREET, LEAMINGTON SPA, WARWICK, WARWICKSHIRE, CV32 5AJ £156,000 28/01/2022 Flat
CHURTON HOUSE, 11 FLAT 2 MILVERTON TERRACE, LEAMINGTON SPA, WARWICK, WARWICKSHIRE, CV32 5BE £126,500 10/12/2021 Flat
WESTBROOK HOUSE FLAT 38 NEW BROOK STREET, LEAMINGTON SPA, WARWICK, WARWICKSHIRE, CV32 5AS £110,000 12/11/2021 Flat
CLARENCE HOUSE FLAT 7 DALE STREET, LEAMINGTON SPA, WARWICK, WARWICKSHIRE, CV32 5AD £251,000 29/10/2021 Flat

Street average: £320,000 (1 sale)

Area average: £281,371 (20 sales)

Capital growth trend

Land Registry outcode average: last 12 months vs 5y and 10y ago (from sold prices).

5y growth -19.9%
10y growth 11.4%

House Price Index (HM Land Registry — official index, not sold-price averages): Warwick. Series: Flats and maisonettes. As of April 2026.

1y (index) -0.6%
5y (index) 7.1%
10y (index) 22%

Rental Range

Estimated market rent for Warwick. Low = conservative, Realistic = average, Optimistic = best case.

Low £1,114/mo
Realistic £1,238/mo
Optimistic £1,362/mo

Based on Local Authority from postcode lookup → Warwick.

LHA (30th percentile) floor for Warwickshire South: £848/mo (Apr 2025 – Mar 2026)

Location

Nearby

Nearest stations, universities and amenities (distance from property).

Type Name Distance
Shop Costcutter 0.1 miles
Shop Essence of Beauty 0.1 miles
Bus stop Milverton Terrace 0.1 miles
Bus stop Union Road 0.1 miles
Train station Leamington Spa 0.6 miles
Hospital Royal Leamington Spa Rehabilitation Hospital 1.6 miles
Train station Warwick 1.7 miles
Hospital Helen Ley House 2.0 miles
University Centre for Interdisciplinary Methodologies 6.2 miles
University Warwick University Wellesbourne Campus School of Life Sciences 6.2 miles

Street-level crime

Category Count
Violence and sexual offences 93
Anti-social behaviour 74
Shoplifting 49
Vehicle crime 29
Criminal damage and arson 27
Public order 22
Other theft 20
Bicycle theft 15
Burglary 15
Drugs 14
Other crime 9
Robbery 6
Possession of weapons 2
Theft from the person 1
Total incidents 376

Within 1 mile during May 2026. Source: data.police.uk (England & Wales).

Schools nearby

Nearest open schools with Ofsted ratings (England). Closed schools are not shown. Data from Get Information about Schools and Ofsted.

Name Type Distance Ofsted
The Kingsley School Other 0.2 miles (No rating)
Milverton Primary School Primary 0.2 miles Good — 16 Dec 2014
St Peter's Catholic Primary School Primary 0.3 miles Good — 1 Dec 2010
Warwickshire College Group Other 0.4 miles (No rating)
Arnold Lodge School Other 0.4 miles (No rating)

Rental Comparables

Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.

Title Rent Beds Distance As seen on
2 Bed Terraced House, Portland Place West, CV32 £1,700/mo 2 0.19 miles OpenRent
2 Bed Flat, Bedford Street, CV32 £1,375/mo 2 0.28 miles OpenRent
2 Bed Flat, Dormer Place, CV32 £1,350/mo 2 0.41 miles OpenRent
2 Bed Flat, De Normanville Avenue, CV31 £1,750/mo 2 0.49 miles OpenRent
2 Bed Flat, Concord House, CV32 £1,350/mo 2 0.51 miles OpenRent
2 Bed Flat, Andrews Close, CV34 £1,350/mo 2 0.86 miles OpenRent

Average rent: £1,479/mo (6 listings)

Rent-driven metrics

Based on OpenRent comparables.

Rent ratio 0.43%
Max investor price (0.8%) £170,375
Target investor price (1%) £136,300
Gross yield 5.2%
Cost-to-rent ratio 19.3×
Monthly cashflow £-39/mo 75% LTV, 3.95% APR (5yr fixed), 25yr term
Cash-on-cash ROI -0.5%
  • Rent ratio — Monthly rent ÷ purchase price (1% rule). 1%+ = strong, 0.8–1% = okay, <0.8% = weak for cashflow.
  • Max investor price — Rent ÷ 0.8%; the price at which rent would be 0.8% of price (Stoke-style target).
  • Target investor price — Rent ÷ 1%; the price at which rent would be 1% of price (strong cashflow band).
  • Gross yield — Annual rent as % of purchase price (no costs).
  • Cost-to-rent — Price ÷ annual rent (from OpenRent comparables). Under 14× = strong, 14–16× = acceptable, 17×+ = compressed.
  • Cashflow — Rent minus mortgage, 10% maintenance, £25/mo compliance. Assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term.
  • ROI — Annual profit ÷ cash in (deposit + 4% purchase costs).