2, ELM BANK CLOSE, LEAMINGTON SPA, CV32 6LR - £470,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

2 ELM BANK CLOSE is a large detached house of 156m², built sometime between 1950 and 1966, which could now be worth an estimated £824,832. It was last sold for £470,000 in March 2012, which was around 29% above the average March 2012 detached price in the Warwick local authority area. The most recent EPC inspection was October 2011, where the current energy rating was D, and the potential energy rating was D.

2 ELM BANK CLOSE Sold Prices

Land registry data shows two sales for 2 ELM BANK CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Warwick local authority area for the corresponding sale date. Both of the two 2 ELM BANK CLOSE sales were for above the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2012 8 MAR	£470,000	£365,498	29% above HPI
2009 7 MAY	£410,000	£306,886	34% above HPI

2 ELM BANK CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Warwick local authority area over time, sourced from the HPI. The two 2 ELM BANK CLOSE sales from May 2009 and March 2012 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the May 2009 sale was for 34% above the HPI. So the extrapolation line tracks at 34% above the HPI over time, until the March 2012 sale, where it falls to 29% above the HPI. The line then continues to track at 29% above the HPI.

What might 2 ELM BANK CLOSE be worth now?

2 ELM BANK CLOSE might now be worth an estimated £824,832.

This is based on house price inflation of 75.5%, between March 2012 and February 2025, for detached houses, in the Warwick local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 75.5% inflationary increase is applied to the most recent sale price for 2 ELM BANK CLOSE of £470,000 on 8th March 2012. For the value to have increased from £470,000 to £824,832 over the thirteen years and one month to February 2025, the following assumptions must hold true:

• The value of 2 ELM BANK CLOSE has moved in line with the HPI for detached houses in the Warwick local authority area.
• The March 2012 sale price of £470,000 represented a fair market value for the property.
• The size, condition, and specification of 2 ELM BANK CLOSE has not materially changed since March 2012.

How Large is 2 ELM BANK CLOSE?

2 ELM BANK CLOSE is 156m² according to the EPC inspection conducted in October 2011. This puts it in the largest 40% of detached houses houses in Royal Leamington Spa, based on EPC data. The below chart shows the distribution of detached houses houses by size in Royal Leamington Spa, and where 2 ELM BANK CLOSE lies on this distribution: 64% of detached houses houses are smaller than 2 ELM BANK CLOSE, and 36% of houses are larger. Note that EPC data is not available for all properties in Royal Leamington Spa.

2 ELM BANK CLOSE: Plot and Title Map

2 ELM BANK CLOSE sits on a plot of roughly 0.159 of an acre, or 643m². The below map shows the location of 2 ELM BANK CLOSE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 2 ELM BANK CLOSE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 2 ELM BANK CLOSE?

2 ELM BANK CLOSE is located in LEAMINGTON SPA, in the CV32 postcode district. The below map shows the position of No. 2 on ELM BANK CLOSE.