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The Parade, Leamington Spa, CV32

West Midlands

£1,350,000
Listed on 09/02/2026

Property Details

Bedrooms
5
Type
Character Property
Area
5999 sqft

Description

Located above a bustling shopfront, this upper floor residential space offers a unique investment opportunity with its existing layout as a five to six-bedroom apartment that boasts its own independent entrance from Parade. The property enjoys a separate Council Tax assessment (Band E, 118a Parade), affirming its status as a self-contained dwelling, providing privacy above the lively street below. The ground level features a highly visible retail unit with steady foot traffic, complemented by additional retail and storage areas at the rear, accessible via Bedford Street. Notably, there is full planning permission (ref: W/15/1993) for converting these spaces into three self-contained residential units, presenting an immediate pathway to adding significant value—whether you choose to develop all at once or in phases while continuing to generate income. Spanning both Parade and Bedford Street, this freehold title encompasses multiple access points and extensive basement storage within close to 6,000 sq ft of internal space. Its flexible layout provides ample opportunity for selective upgrades or comprehensive redevelopment tailored to fit individual investor goals or owner-occupier needs in this prime central location. Situated on the main boulevard of Royal Leamington Spa, surrounded by independent shops and popular cafés, the area thrives with vibrant local culture. Nearby are key landmarks like Regent Court and Regent Street along with Jephson Gardens and Victoria Park—enhancing quality of life for residents and appealing to future tenants. With Leamington Spa railway station nearby offering direct links to Birmingham and London, the property is ideally positioned for both commuters and those seeking town-centre living. Ample public car parking options further support potential retail endeavors alongside residential developments.

Investment Analysis

(CV32 area)

Below Market Value

This property is priced -40.6% below area average per sq ft

-40.6%
Potential saving
This Property
£225/sq ft
Area Average
£379/sq ft
Avg Rent (weekly)
£327
Avg Yield
4.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £100,000
Target Value
£2,501,973
10% above area average per sq ft
Potential ROI
+72.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
45
Average per month
Market Turnover
88%
Properties sold annually

Local Market Trend (CV32)

Area prices are falling by -4.3% over the last 12 months
3 year growth: -1.4%
5 year growth: +7.2%
Investment Disclaimer: Analysis based on CV32 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

The Parade, Leamington Spa, CV32
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£4,869
Based on a loan of £1,012,500 over 30 years at 4.06% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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