Sold Flat

FLAT 2

2 WARWICK TERRACE, LEAMINGTON SPA, WARWICKSHIRE CV32 5NT

2 beds 1 baths 59 m² Listed 6 Jul 2018 (-2937d)

£400,000

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Front

Front Living Room Dining Room Kitchen Dining Room Bedroom Two Living Room Bathroom Bedroom One Front View The Dell

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Property details

Floor area

59 m²

Last sold

£315,000 Aug 2015

Local average

£279,352 (+43.2%)

Deprivation

Decile 5 (15,256 of 33,755)

Street crime

376 incidents within 1 mile (May 2026)

Description

A beautifully presented, spacious, Grade II listed, top floor duplex apartment busting with character, benefiting from having two large reception rooms, located in the heart of Leamington Spa. The accommodation comprises a communal entrance with stairs rising to the upper floors, entrance hallway opening up into the kitchen, living room and dining room all with high ceilings. To the half landing there is the bathroom and upstairs are two bedrooms, with the master having a dressing area.

Leamington Spa Town Centre benefits from a substantial amount of amenities including shopping centres, restaurants and bars, doctors, dentists, primary and secondary schools.

Listed by

Leamington Spa

Countrywide UK Sales - Connells

Reference: 74401331

EPC Rating & Upgrade Cost

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Flood risk

Zone: 1

Risk: Low

Job (default Low)

Floorplans

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EPC Graphs

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Price history

Event Date Price % change
Sold 12/08/2015 (10 years ago) £315,000 —

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
Same street 2A WARWICK TERRACE, LEAMINGTON SPA, WARWICK, WARWICKSHIRE, CV32 5NT £310,000 27/05/2022 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: £315,000 (2 sales)

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 -20%
10y growth 11.3%

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%

Company ownership

Registered legal owner is a company.

Company-owned (UK company)

Company: 2 WARWICK TERRACE LIMITED (4102747)

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

Map view View on Google Maps View on OpenStreetMap Street View CV32 5NT

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 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: £1,350/mo (2 listings)

Rent-driven metrics

Based on OpenRent comparables.

Rent ratio 0.34%
Max investor price (0.8%) £168,750
Target investor price (1%) £135,000
Gross yield 4.1%
Cost-to-rent ratio 24.7×
Monthly cashflow £-385/mo 75% LTV, 3.95% APR (5yr fixed), 25yr term
Cash-on-cash ROI -4%
  • 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).