# 2 bedroom apartment for sale (CV32 5NT) ## Property Details | Key | Value | |-----|-------| | Address | 2A, WARWICK TERRACE, LEAMINGTON SPA, WARWICKSHIRE CV32 5NT | | Price | £315,000 | | Bedrooms | 2 | | Bathrooms | 1 | | Last sold | £310,000 May 2022 | ## 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. ## Property Photos - ![Photo](/listings/photos/81352989/1359949) - ![Photo](/listings/photos/81352989/1359950) - ![Photo](/listings/photos/81352989/1359951) - ![Photo](/listings/photos/81352989/1359952) - ![Photo](/listings/photos/81352989/1359953) - ![Photo](/listings/photos/81352989/1359954) - ![Photo](/listings/photos/81352989/1359955) - ![Photo](/listings/photos/81352989/1359956) - ![Photo](/listings/photos/81352989/1359957) - ![Photo](/listings/photos/81352989/1359959) - ![Photo](/listings/photos/81352989/1359961) - ![Photo](/listings/photos/81352989/1359963) - ![Photo](/listings/photos/81352989/1359964) - ![Photo](/listings/photos/81352989/1359965) ## Floorplans - ![Floorplan 1](/listings/photos/81352989/1359968) - Floorplan 1 ## EPC Graphs - ![EPC](/listings/photos/81352989/1359969) - EPC ## Sales History *Recorded sales for this property. Data from Land Registry Price Paid.* | Address | Price | Date | Type | |---------|-------|------|------| | 2A WARWICK TERRACE, LEAMINGTON SPA, WARWICK, WARWICKSHIRE, CV32 5NT | £310,000 | 27/05/2022 | Flat | | 2A WARWICK TERRACE, LEAMINGTON SPA, WARWICK, WARWICKSHIRE, CV32 5NT | £255,000 | 04/06/2020 | Flat | | 2A WARWICK TERRACE, LEAMINGTON SPA, WARWICK, WARWICKSHIRE, CV32 5NT | £160,000 | 14/09/2012 | Flat | | 2A WARWICK TERRACE, LEAMINGTON SPA, WARWICK, WARWICKSHIRE, CV32 5NT | £123,000 | 22/11/2000 | Flat | ## Sold Comparables *Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.* | 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) ## Price vs local average *Outcode + property type (HousePrices, last 2 years).* - **Local average:** £279,352 (51 Flat, CV32, 2024–2026) - **Deviation:** +12.8% ## Rental Range *ONS Price Index of Private Rents (Warwick). Low / Realistic / Optimistic = conservative / average / best case.* - **Low:** £1,114/mo - **Realistic:** £1,238/mo - **Optimistic:** £1,362/mo ## LHA (Local Housing Allowance) *VOA 30th percentile rent floor for Warwickshire South (Apr 2025 – Mar 2026).* - **LHA floor (this property size):** £848/mo ## 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 Flat, Andrews Close, CV34 | £1,350/mo | 2 | 0.86 miles | OpenRent | **Average rent: £1,350/mo (1 listing)** ## 1% Rule - **Rent ratio:** 0.43% (weak for cashflow) - **Max investor price (0.8%):** £168,750 - **Target investor price (1%):** £135,000 *Monthly rent ÷ price. 1%+ = strong, 0.8–1% = okay, <0.8% = weak. Max investor price = rent ÷ 0.8% (Stoke-style target). Target investor price = rent ÷ 1% (strong cashflow band). Based on OpenRent comparables.* ## Rent-driven metrics *Based on OpenRent comparables (median £1,350/mo).* - **Gross yield:** 5.1% - **Cost-to-rent:** 19.4× - **Monthly cashflow:** £-51/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term) - **Cash-on-cash ROI:** -0.7% *Gross yield = annual rent as % of price (no costs). Cost-to-rent = price ÷ annual rent (from OpenRent comparables); under 14× = strong, 14–16× = acceptable, 17×+ = compressed. Cashflow = rent − 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).* ## Capital growth trend *Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.* - **5y growth:** -20.7% - **10y growth:** 14.5% ## House Price Index (HM Land Registry) *Official index for Warwick; Flats and maisonettes series; as of April 2026.* - **1y growth (index):** -0.6% - **5y growth (index):** 7.1% - **10y growth (index):** 22% ## Flood risk - **Zone:** 1 - **Risk:** Low - **Source:** Job (default Low) [Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)