Market outlook for CV1
Key indicators for buyers
The CV1 market is moderately favourable for buyers. Prices have softened (-46.7%), which could present a buying opportunity. Affordability has improved from a peak of 6.4x in 2022 to 5.5x today. Rising rents (£1,019/mo, +2.2%) mean the cost of waiting is real.
Price trends
Yearly averages · HM Land Registry Price Paid Data
Prices by property type
2026averages · HM Land Registry Price Paid Data
Affordability ratio
House price ÷ median earnings · ONS data
Affordability data shown for wider Coventry area
A home in Coventry costs 5.5x the local median salary — moderate, improving from a peak of 6.4x in 2022.
Rental trends
Average monthly rent · ONS Private Rental Index
Rental data shown for wider Coventry area
Average monthly rent in Coventry is £1,019, up 2.2% year-on-year. Rents have risen consistently over the past five years.
Monthly mortgage
2yr fixed · 75% LTV · 25yr term · BoE avg. rate
Based on the average Coventry price of £160,461 with a 25% deposit (£40k), a 2-year fixed mortgage at 5.14% costs around £713 per month.
Rent vs buy snapshot
Monthly cost comparison based on current data
Uses CV1 avg. price with Coventry rental data
Monthly mortgage payments (£713) are £306 less than renting (£1,019). However, buying requires an upfront deposit of £40k — it would take around 5 years to recoup that cost compared to renting and investing the difference.
Recent sales
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
18, SPINDLE STREET CV1 4NP | Terraced | £290,000 | 19 Mar 2026 |
35, BROOKLYN ROAD CV1 4JW | Terraced | £160,000 | 6 Mar 2026 |
99, DORSET ROAD, RADFORD CV1 4ED | Terraced | £108,750 | 6 Mar 2026 |
FLAT 2, 20, REGENT STREET CV1 3EP | Flat/Maisonette | £110,000 | 4 Mar 2026 |
20, BRAMBLE STREET CV1 2HT | Terraced | £183,500 | 3 Mar 2026 |
41, LEOPOLD ROAD CV1 5BL | Terraced | £102,000 | 3 Mar 2026 |
39, MELVILLE ROAD CV1 3AL | Terraced | £235,000 |
Data sources (all free & public): HM Land Registry Price Paid Data & UK House Price Index · ONS Housing Affordability Ratios · ONS Private Rental Index · Bank of England Quoted Household Interest Rates · HMRC Monthly Property Transactions
Contains HM Land Registry data © Crown copyright and database right 2021. This data is licensed under the Open Government Licence v3.0.