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George Street, Leamington Spa, CV31

West Midlands

£300,000
Listed on 06/10/2025

Property Details

Bedrooms
4
Type
Terraced house
Area
2107 sqft

Description

This period townhouse presents a compelling opportunity in the center of Leamington Spa, ideal for those with an eye for renovation and investment. The property retains much of its original charm but is in need of restoration, making it perfect for buyers looking to put their personal touch on a classic home or investors seeking to capitalize on the growing demand for residential rentals in the area. The ground floor features a generous hallway leading to various living spaces. The lounge, measuring 4.84m x 3.90m, offers ample room for comfortable seating, while the dining room at 4.26m x 3.63m provides an inviting area for meals and gatherings. A compact kitchen (3.20m x 2.07m) and two sizeable store rooms enhance functionality, presenting additional possibilities for conversion or expansion. On the first floor, the layout includes four well-proportioned bedrooms, each with dimensions that suggest potential for customization—ranging from 4.91m x 3.88m to 4.26m x 3.72m. Two of these bedrooms are equipped with en-suite bathrooms, which could cater well to tenants if converted into separate apartments. Planning permission has already been granted to subdivide this dwelling into three one-bedroom apartments (Reference: W/25/0708), making this property not just a charming residence but also an appealing investment prospect within a conservation area noted for its historic character. The property is freehold with services including mains drains, gas, electricity, and water reportedly connected; however, verification is advisable during the purchasing process. With its prime location and built-in renovation potential, this townhouse stands as an attractive option for those looking to engage in meaningful development within a vibrant community.

Investment Analysis

(CV31 area)

Below Market Value

This property is priced -58.8% below area average per sq ft

-58.8%
Potential saving
This Property
£142/sq ft
Area Average
£345/sq ft
Avg Rent (weekly)
£448
Avg Yield
7.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£800,302
10% above area average per sq ft
Potential ROI
+105.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
31
Average per month
Market Turnover
35%
Properties sold annually

Local Market Trend (CV31)

Area prices are rising by +4.9% over the last 12 months
3 year growth: 7.8%
5 year growth: 21.1%
Investment Disclaimer: Analysis based on CV31 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

George Street, Leamington Spa, CV31
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,099
Based on a loan of £225,000 over 30 years at 4.19% 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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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE