2023 Coventry Property Data
Historical property prices, rents, yields & much for Coventry‘s residential property market
Coventry is a diverse and cohesive city with a young and growing population. The city has expanded rapidly over the last 5-10 years with a high rate of population growth.
Coventry is located in the centre of the UK and is known for its expertise in research & development and manufacturing. Battery development is one industry that has solidified its position within Convetry's economy. The UK Battery Industrialisation Center (UKBIC) is building a new hub near the airport which is estimated to deliver over 10,000 new jobs.
Coventry is also a large university town with a student population of over 54,000. Along with Coventry University, Warwick is also located in Coventry and is one of the UK's leading universities
Coventry's recent growth in population and positive economic outlook along with a strong student market make the city a great opportunity for property investors. Below is collection of our property investment data for Coventry
| Postcode district | Avg asking price | Avg rental yield | Avg sold £/sqft | Monthly Rental Turnover (%) | Edit |
|---|---|---|---|---|---|
| CV1 | £204,042.0 | 7.17 % | £207 | 143.54 % | View |
| CV10 | £257,193.0 | 5.17 % | £220 | 161.9 % | View |
| CV11 | £313,224.0 | 5.36 % | £250 | 164.29 % | View |
| CV12 | £285,467.0 | 4.87 % | £227 | 193.33 % | View |
| CV13 | £519,117.0 | 4.27 % | £286 | 120.83 % | View |
| CV2 | £227,992.0 | 6.14 % | £218 | 171.82 % | View |
| CV21 | £256,728.0 | 5.96 % | £241 | 185.44 % | View |
| CV22 | £378,012.0 | 4.87 % | £273 | 145.45 % | View |
| CV23 | £448,274.0 | 4.64 % | £281 | 82.69 % | View |
| CV3 | £312,246.0 | 5.3 % | £251 | 159.12 % | View |
| CV31 | £366,234.0 | 5 % | £325 | 114.22 % | View |
| CV32 | £475,541.0 | 4.61 % | £356 | 124.35 % | View |
| CV33 | £427,417.0 | 4.89 % | £340 | 111.11 % | View |
| CV34 | £377,941.0 | 5.16 % | £335 | 185.71 % | View |
| CV35 | £706,602.0 | 4.03 % | £336 | 215 % | View |
| CV36 | £611,347.0 | 4.26 % | £321 | 237.5 % | View |
| CV37 | £514,889.0 | 5.61 % | £336 | 121.35 % | View |
| CV4 | £323,717.0 | 5.9 % | £260 | 114.74 % | View |
| CV47 | £469,554.0 | 4.78 % | £308 | 136.84 % | View |
| CV5 | £313,750.0 | 4.72 % | £259 | 118.72 % | View |
| CV6 | £226,173.0 | 6.14 % | £223 | 180.17 % | View |
| CV7 | £478,269.0 | 4.83 % | £280 | 125 % | View |
| CV8 | £502,495.0 | 4.59 % | £362 | 105.95 % | View |
| CV9 | £394,857.0 | 4.74 % | £237 | 154.55 % | View |
Average Sold Prices in Coventry
5-year capital growth in Coventry
| Year | Avg sold price | +/- |
|---|---|---|
| 2024 | £302,354 | -4.29 % |
| 2023 | £315,898 | -1.97 % |
| 2022 | £322,235 | 4.07 % |
| 2021 | £309,619 | 9.15 % |
| 2020 | £283,668 | 6.26 % |
| 2019 | £266,953 | -0.01 % |
| 2018 | £266,993 | 4.85 % |
| 2017 | £254,645 | - % |
Rental Demand in Coventry
From Property Market Intel data we can see that landlords are earning on average £1,000 per month. One-bed properties are achieving around £513 PCM, two-bed properties are going £937 PCM while three-bed properties are achieving £1,084.
Investors can expect to receive yields of around 5.9% in some areas of the city.
For landlords looking to access the HMO market in Coventry, there are additional licenses you need to be aware of. For example, HMOs in the city area that comprise of fewer than 5 persons will need to be licensed. There is also different legislation covering Section 257 HMOs where properties have been converted into self-contained flats. For full details on licensing legislation visit the Coventry City Council Website.
For investors looking to invest in the student market, the popular student areas include the city centre, Earlsdon, Stoke, Canley, Barras Heath and Stivichall. Warwick students also look for student lets in Leamington Spa, a separate small town south of Coventry.
Property Values in Coventry
Property prices in Coventry sit just under the UK average, which is around £274,000. This doesn't mean the market and opportunities are below average as the city has one of the hottest markets in the UK.
Property prices growth has been strong in Conventry with the city being popular with both property investors and also first-time buyers. At one point in 2020 Coventry was one of the fastest places to sell houses in the UK. This demand is set to continue as demand for housing outstrips the current supply in the area.