1, SOLWAY CLOSE, LEAMINGTON SPA, CV31 1QY - £278,500

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.

1 SOLWAY CLOSE is a small extended detached house of 99m², built sometime between 1967 and 1975, which could now be worth an estimated £321,788. It was last sold for £278,500 in February 2021, which was around 50% below the average February 2021 detached price in the Warwick local authority area. The most recent EPC inspection was August 2019, where the current energy rating was C, and the potential energy rating was B.

1 SOLWAY CLOSE Sold Prices

Land registry data shows two sales for 1 SOLWAY 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 1 SOLWAY 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 12 FEB	£278,500	£555,147	50% below HPI
2008 22 OCT	£174,000	£335,074	48% below HPI

1 SOLWAY 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 1 SOLWAY CLOSE sales from October 2008 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 October 2008 sale was for 48% below the HPI. So the extrapolation line tracks at 48% below the HPI over time, until the February 2021 sale, where it falls to 50% below the HPI. The line then continues to track at 50% below the HPI.

What might 1 SOLWAY CLOSE be worth now?

1 SOLWAY CLOSE might now be worth an estimated £321,788.

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 1 SOLWAY CLOSE of £278,500 on 12th February 2021. For the value to have increased from £278,500 to £321,788 over the four years to February 2025, the following assumptions must hold true:

• The value of 1 SOLWAY CLOSE has moved in line with the HPI for detached houses in the Warwick local authority area.
• The February 2021 sale price of £278,500 represented a fair market value for the property.
• The size, condition, and specification of 1 SOLWAY CLOSE has not materially changed since February 2021.

How Large is 1 SOLWAY CLOSE?

1 SOLWAY CLOSE is 99m², which includes one extension, according to the EPC inspection conducted in August 2019. This puts it in the smallest 30% 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 1 SOLWAY CLOSE lies on this distribution: 20% of detached houses houses are smaller than 1 SOLWAY CLOSE, and 79% of houses are larger. Note that EPC data is not available for all properties in Royal Leamington Spa.

1 SOLWAY CLOSE: Plot and Title Map

1 SOLWAY CLOSE sits on a plot of roughly 0.052 of an acre, or 210m². The below map shows the location of 1 SOLWAY 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 1 SOLWAY 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 1 SOLWAY CLOSE?

1 SOLWAY CLOSE is located in LEAMINGTON SPA, in the CV31 postcode district. The below map shows the position of No. 1 on SOLWAY CLOSE.