2, BURNS ROAD, LEAMINGTON SPA, CV32 7EL - £455,000

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 BURNS ROAD is a midsized extended detached house of 129m², built sometime between 1930 and 1949, which could now be worth an estimated £525,722. It was last sold for £455,000 in February 2021, which was around 18% below the average February 2021 detached price in the Warwick local authority area. The most recent EPC inspection was July 2019, where the current energy rating was C, and the potential energy rating was B.

2 BURNS ROAD Sold Prices

Land registry data shows three sales for 2 BURNS ROAD 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 2 BURNS ROAD 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 1 FEB	£455,000	£555,147	18% below HPI
2007 14 DEC	£265,000	£370,302	28% below HPI
1998 23 JAN	£112,500	£143,729	22% below HPI

2 BURNS ROAD 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 2 BURNS ROAD sales between January 1998 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 December 2007 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the February 2021 sale, where it rises to 18% below the HPI. The line then continues to track at 18% below the HPI.

What might 2 BURNS ROAD be worth now?

2 BURNS ROAD might now be worth an estimated £525,722.

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 2 BURNS ROAD of £455,000 on 1st February 2021. For the value to have increased from £455,000 to £525,722 over the four years to February 2025, the following assumptions must hold true:

• The value of 2 BURNS ROAD has moved in line with the HPI for detached houses in the Warwick local authority area.
• The February 2021 sale price of £455,000 represented a fair market value for the property.
• The size, condition, and specification of 2 BURNS ROAD has not materially changed since February 2021.

How Large is 2 BURNS ROAD?

2 BURNS ROAD is 129m², which includes two extensions, according to the EPC inspection conducted in July 2019. This puts it in the smallest 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 2 BURNS ROAD lies on this distribution: 46% of detached houses houses are smaller than 2 BURNS ROAD, and 53% of houses are larger. Note that EPC data is not available for all properties in Royal Leamington Spa.

2 BURNS ROAD: Plot and Title Map

2 BURNS ROAD sits on a plot of roughly 0.110 of an acre, or 444m². The below map shows the location of 2 BURNS ROAD, 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 BURNS ROAD). 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 BURNS ROAD?

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