Leamington Spa property values increase by £240.38 per week

Last week, a landlord came in to our office to discuss the rising property values in Leamington Spa. He owns a varied portfolio of rental properties, primarily in Leamington Spa with a couple in Warwick and Coventry, so it is interesting to compare the increase in property values around the area.

Over the last 24 months the average property value in Leamington Spa has risen by nearly £25,000, from £239,850 to £264,500. 

Property values in Leamington Spa have increased by 10.4% in the last 2 years

This is a very reasonable 10.4% increase, which if you look at it on a weekly basis, average property values in Leamington Spa, throughout 2012 and 2013, have increased by an impressive £240.38 per week. When we looked at the values for detached houses in Leamington Spa, this average increase is even greater at £41,100, a rise of £395.62 per week.

When I looked at some of the surrounding towns, even though property values are higher in Warwick, Warwick has had a lower average increase in property values, at around £205.81 per week, whilst Coventry has an even more modest average increase of around £123.31 per week. It is, nonetheless, a rise in average property values to suggest the market is recovering steadily in our area – good news for home owners and landlords alike.

Detached houses in Leamington Spa are on average are £41,100 more expensive than 2 years ago

When considering this landlord’s buy to let portfolio, the rental values have remained fairly stable during the 12 months. They are slowly recovering to the average of around 5 years ago, therefore it could be a good time to invest in the property market in Leamington Spa. If you would like some advice about buying to let, be you a landlord with a portfolio or someone thinking of investing in rental market, please come and see me at our office on Regent Grove near Holly Walk