31, STEPHENSON CLOSE, LEAMINGTON SPA, CV32 6BS - £500,000

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.

31 STEPHENSON CLOSE is a midsized extended detached house of 134m², built sometime between 1991 and 1995, which could now be worth an estimated £577,716. It was last sold for £500,000 in February 2021, which was around 10% below the average February 2021 detached price in the Warwick local authority area. The most recent EPC inspection was May 2021, where the current energy rating was C, and the potential energy rating was B.

31 STEPHENSON CLOSE Sold Prices

Land registry data shows three sales for 31 STEPHENSON CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Warwick local authority area for the corresponding sale date. All of the three 31 STEPHENSON CLOSE sales were for below 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
2021 5 FEB	£500,000	£555,147	10% below HPI
2013 17 JUN	£317,500	£374,555	15% below HPI
2007 31 JUL	£291,000	£355,066	18% below HPI

31 STEPHENSON 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 three 31 STEPHENSON CLOSE sales between July 2007 and February 2021 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 June 2013 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the February 2021 sale, where it rises to 10% below the HPI. The line then continues to track at 10% below the HPI.

What might 31 STEPHENSON CLOSE be worth now?

31 STEPHENSON CLOSE might now be worth an estimated £577,716.

This is based on house price inflation of 15.5%, between February 2021 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 15.5% inflationary increase is applied to the most recent sale price for 31 STEPHENSON CLOSE of £500,000 on 5th February 2021. For the value to have increased from £500,000 to £577,716 over the four years to February 2025, the following assumptions must hold true:

• The value of 31 STEPHENSON CLOSE has moved in line with the HPI for detached houses in the Warwick local authority area.
• The February 2021 sale price of £500,000 represented a fair market value for the property.
• The size, condition, and specification of 31 STEPHENSON CLOSE has not materially changed since February 2021.

How Large is 31 STEPHENSON CLOSE?

31 STEPHENSON CLOSE is 134m², which includes two extensions, according to the EPC inspection conducted in May 2021. This puts it in the largest 50% 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 31 STEPHENSON CLOSE lies on this distribution: 51% of detached houses houses are smaller than 31 STEPHENSON CLOSE, and 48% of houses are larger. Note that EPC data is not available for all properties in Royal Leamington Spa.

31 STEPHENSON CLOSE: Plot and Title Map

31 STEPHENSON CLOSE sits on a plot of roughly 0.079 of an acre, or 321m². The below map shows the location of 31 STEPHENSON 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 31 STEPHENSON 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 31 STEPHENSON CLOSE?

31 STEPHENSON CLOSE is located in LEAMINGTON SPA, in the CV32 postcode district. The below map shows the position of No. 31 on STEPHENSON CLOSE.