Market outlook for CV2
Key indicators for buyers
The CV2 market is moderately favourable for buyers. Prices have softened (-10.7%), 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 £205,500 with a 25% deposit (£51k), a 2-year fixed mortgage at 5.14% costs around £914 per month.
Rent vs buy snapshot
Monthly cost comparison based on current data
Uses CV2 avg. price with Coventry rental data
Monthly mortgage payments (£914) are £105 less than renting (£1,019). However, buying requires an upfront deposit of £51k — it would take around 7 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 |
|---|---|---|---|
5, RADNOR WALK, WALSGRAVE ON SOWE CV2 2LS | Semi-detached | £278,000 | 24 Mar 2026 |
66, MILNER CRESCENT CV2 2FD | Terraced | £210,000 | 20 Mar 2026 |
39, RINGWOOD HIGHWAY CV2 2GN | Semi-detached | £240,000 | 19 Mar 2026 |
81, STRATFORD STREET CV2 4NJ | Terraced | £55,000 | 16 Mar 2026 |
15, BEACONSFIELD ROAD CV2 4AS | Terraced | £215,000 | 16 Mar 2026 |
48, LOWTHER STREET CV2 4GJ | Terraced | £159,000 | 13 Mar 2026 |
64, RAVENSDALE ROAD CV2 5GQ | Terraced |
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.