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The Parade, Leamington Spa, CV32

West Midlands

£1,350,000
Listed on 06/02/2026

Property Details

Bedrooms
5
Type
Character Property
Area
6000 sqft

Description

Situated above a prominent shopfront, this upper-floor residential space is currently configured as an expansive five to six-bedroom apartment with its own separate entrance from Parade, establishing a clear division from the retail units below. The independent Council Tax assessment (Band E) reinforces its classification as a distinct residence, providing a quiet retreat above the vibrant activity of the town center. The ground level features a high-visibility retail unit facing directly onto Parade, which enjoys robust foot traffic and potential for commercial success. Additionally, there are opportunities for expansion at the rear with existing planning permission (reference: W/15/1993) to convert part of the space into three standalone residential apartments. This presents an immediate avenue for value enhancement either through prompt development or staggered implementation alongside ongoing occupation or rental income. With a freehold title encompassing both Parade and Bedford Street, the property boasts multiple entry points and significant basement and storage facilities amounting to nearly 6,000 sq ft of usable space. Its adaptable layout invites selective refurbishment, phased development projects, or long-term restructuring opportunities—making it an appealing option for those looking to invest in a versatile asset within a notable central location. Surrounding this property is Royal Leamington Spa’s main thoroughfare filled with diverse shops and eateries. Close proximity to cultural landmarks such as Regent Court and the Royal Pump Rooms adds to its allure. Nearby green spaces like Jephson Gardens and Victoria Park enhance the quality of life for residents while supporting ongoing demand in this thriving area. Conveniently located near Leamington Spa railway station with direct links to Birmingham and London, this property serves as an ideal base for commuters, complemented by several public car parks nearby that cater to both retail operations and residential needs.

Investment Analysis

(CV32 area)

Below Market Value

This property is priced -40.8% below area average per sq ft

-40.8%
Potential saving
This Property
£225/sq ft
Area Average
£380/sq ft
Avg Rent (weekly)
£323
Avg Yield
4.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£75,000 - £120,000
Target Value
£2,510,310
10% above area average per sq ft
Potential ROI
+70.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
43
Average per month
Market Turnover
25%
Properties sold annually

Local Market Trend (CV32)

Area prices are falling by -7.6% over the last 12 months
3 year growth: -4.0%
5 year growth: +0.1%
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 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£4,781
Based on a loan of £1,012,500 over 30 years at 3.91% 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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