Warwick

Area Guide For Warwick

Warwick is the county town of Warwickshire, England. The town lies upon the River Avon, 11 miles (18 km) south of Coventry and just west of Leamington Spa and Whitnash with which it is conjoined. As of the 2001 United Kingdom census, it had a population of 23,350. There has been human activity at Warwick as early as the Neolithic, and constant habitation since the 6th century. A Saxon burh was created at Warwick in the 9th century and Warwick Castle was established on the site in 1068 as part of the Norman conquest of England. Warwick School claims to be the oldest boys' school in the country. The earldom of Warwick was created in 1088 and the earls controlled the town in the medieval period. During this time Warwick was given town walls; Eastgate and Westgate survive. The castle developed into a stone fortress and then a country house and is today a popular tourist attraction. The Great Fire of Warwick in 1694 destroyed much of the medieval town and as a result most of the buildings post-date this period. Though Warwick did not become industrialised in the 19th century, it has experienced growth since 1801 when the population was 5,592. Racing Club Warwick F.C.,

 
 

Warwick Map

Estimated Price: £327,916
Average Asking Price: £441,985
Price change in last one year: £19,800
Average Price Paid: £262,753
Average Rent Rates: £1,906

 
 

Property Prices Breakdown in Warwick

Average Price for property in Warwick is around £327,916 which varies based on type of property you are interested in and ranges from £456,585 for detached house to around £271,906 for semi-detached. Similarly terraced house is around £245,135 and a flat is worth £171,798. Values have been changing and have risen £969 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £3,502 in last 6 months, £19,800 in last 1 year, £40,108 in last 2 years, £44,321 in last 3 years, £39,719 in last 4 years and £42,930 in last 5 years.

Currently average asking price of a property in Warwick is around £441,985 based on approximately 845 properties for sale. Same is the case with rental options based on 87 properties up for rent, average asking rent is around £1,906 per month.

Estimated property value in Warwick is £327,916. Average asking price is £441,985 while average price paid is £295,383 which is up by £19,800 and Avg. asking rent £1,906.Based on an Online Survey

Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Warwick area. In last 1 year alone average price buyer paid is around £295,383 based on approximately 845 sales in Warwick area alone. If you compare it to last 3 years sales of 2,556 properties where buyers paid around £268,224. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £262,753 for 4,084 and average amount paid for purchase of approx. 5,573 properties sold in last 7 years comes to about £256,351 per sale.

 
 

Properties For Sale in Warwick

 
 

Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 1 bedroom is around £167,500, £224,050 for a 2 bedroom house, £327,180 for a 3 bedroom house, £453,885 for a 4 bedroom house and £706,064 for a 5 bedroom house. For a flat similarly the prices varies from £117,170 for a single bedroom to £216,800 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £326,667. To sum up the asking prices for properties in Warwick it comes to around average £139,539 for 1 bedroom property, £221,582 for 2 bedroom, £327,156 for 3 bedroom, £453,885 for 4 bedroom and £706,064 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £599 for 1 bedroom to £887 for 2 bedrooms, £1,101 for 3 bedrooms, £1,674 for 4 bedrooms and £1,849 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £650. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £758 and £997 for 4 bedroom. You should be generally be expecting around average £631 rent per month for single bedroom property, £812 for 2 bedroom, £1,101 for 3 bedroom, £1,599 for 4 bedroom and approximately £1,849 for a 5 bedroom property in Warwick area.

Popular Houses in Warwick

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

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