Written by Jason Vick
Crowned the “Best Place to Live in the Midlands” by judges from The Sunday Times, Leamington Spa is renowned for its tree-lined streets and rich historical charm. The market town boasts a wealth of attractive reasons to set up home here including outstanding schools, independent businesses, and a vibrant cafe culture.
Moreover, Leamington Spa serves as a beacon of digital innovation, attracting talent and investment from across the globe. Dubbed Silicon Spa, as a result, the town is home to over 30 video gaming companies, among which are industry giants. Indeed, despite its modest population, it has emerged as a powerhouse in the gaming economy, boasting over 10% of the sector’s workforce.
What to expect when considering a move to Leamington Spa
Data from Rightmove showed that the average property price in Leamington Spa in 2023 was around £400,000, a 2% increase on the previous year. Among the properties sold, terraced houses dominated the market, fetching an average price of £370,686. Semi-detached properties followed closely with an average selling price of £382,817, while flats commanded an average price of £261,297. The allure of Leamington Spa’s iconic Regency townhouses remains strong among buyers, albeit at a premium price point. Additionally, Lansdowne Circus emerges as a sought-after locale for those with a higher budget, while the old town area boasts an array of charming Regency-style cottages.
For buyers seeking a more village-like ambience, the west side of the town centre offers an ideal setting, while the east side features numerous apartments nestled within former Regency townhouses, catering to a diverse range of preferences and lifestyles.
Understandably, properties are highly sought after and tend to sell quickly after they go on sale. According to data from Quick Move Now, houses typically sell in 57 days ranking the town third best behind Edinburgh and Glasgow. To put that into context, Soho in London ranks last with properties tending to take over 200 days to sell.
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Buying a home
For buyers seeking a move to Leamington Spa, it means being prepared to make a firm offer to avoid the disappointment of missing out. Having funds already available is beneficial, particularly if you’re competing with other interested parties. Consider finalising the sale of your previous home in advance and have cash available as this will put you in a stronger position as a buyer.
If you’re still in the process of selling your home you don’t want to be faced with the question: has your house chain fallen through because something out of your control has caused the sale to stall? There are solutions, such as getting a cash offer from a house-buying company which can often make funds available within seven days, but it’s best to avoid this headache.
Leamington Spa stands as a shining example of one of the UK’s most desirable places to live. For those considering a move here, the property market landscape reflects both the town’s desirability and its premium price point. The high demand for properties means buyers must be prepared to act swiftly and decisively. With houses typically selling in just 57 days, being financially ready and having a firm offer in place is essential to avoid missing out.
