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Pear Tree Cottage, Russell Terrace, Leamington Spa

West Midlands

£1,200,000

Listed on 18/06/2026

Property Details

Bedrooms
4
Type
Detached
Area
1960 sqft

Description

This property presents a unique opportunity for both homebuyers and developers alike. Featuring a generously sized linked-detached house, it comes with an adjacent plot that has already received full planning permission for the construction of two semi-detached homes. Situated in a well-established area of Leamington Spa, this site is not only desirable but also strategically located near local amenities, reputable schools, and excellent transport links. The potential to enhance the existing residence while simultaneously developing new properties makes this an attractive investment for those looking to capitalize on the ongoing investment and growth within the region. With its blend of residential appeal and development potential, this property is poised for significant value increase.

Investment Analysis

(CV31 area)

Above Market Value

This property is priced +73.4% above area average per sq ft

+73.4%
This Property
£612/sq ft
Area Average
£353/sq ft
Avg Rent (weekly)
£290
Avg Yield
4.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £100,000
Target Value
£761,176
10% above area average per sq ft
Potential ROI
-41.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
33
Average per month
Market Turnover
21%
Properties sold annually

Local Market Trend (CV31)

Area prices are stable by +0.6% over the last 12 months
3 year growth: +5.8%
5 year growth: +14.4%
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

Pear Tree Cottage, Russell Terrace, Leamington Spa
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£4,533
Based on a loan of £900,000 over 30 years at 4.45% 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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