Market outlook for CV5
Key indicators for buyers
The CV5 market is moderately favourable for buyers. Prices have softened (-14.9%), 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 £237,679 with a 25% deposit (£59k), a 2-year fixed mortgage at 5.14% costs around £1,057 per month.
Rent vs buy snapshot
Monthly cost comparison based on current data
Uses CV5 avg. price with Coventry rental data
Monthly mortgage payments (£1,057) are £38 more than renting (£1,019). However, buying requires an upfront deposit of £59k — it would take around 8 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 |
|---|---|---|---|
35, TORBAY ROAD CV5 9JY | Terraced | £280,500 | 20 Mar 2026 |
12, BLETCHLEY DRIVE CV5 9LW | Flat/Maisonette | £155,150 | 20 Mar 2026 |
79, VICTORIA COURT CV5 9NQ | Flat/Maisonette | £121,000 | 20 Mar 2026 |
14, CLAREMONT COURT, ESSEX CLOSE CV5 7HY | Flat/Maisonette | £130,000 | 18 Mar 2026 |
33, CAMERON CLOSE, ALLESLEY CV5 9FW | Semi-detached | £60,000 | 17 Mar 2026 |
6, THE LEE CV5 9HY | Semi-detached | £190,000 | 17 Mar 2026 |
44, SPENCER AVENUE CV5 6NP | Semi-detached |
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.