Market outlook for CV5
Key indicators for buyers
The CV5 market looks favourable for buyers. Prices have softened (-9.5%), which could present a buying opportunity. Affordability has improved from a peak of 6.4x in 2022 to 5.5x today. Rising rents (£1,020/mo, +2.9%) 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 £1,020, up 2.9% 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 £249,646 with a 25% deposit (£62k), a 2-year fixed mortgage at 3.97% costs around £985 per month.
Rent vs buy snapshot
Monthly cost comparison based on current data
Uses CV5 avg. price with Coventry rental data
Monthly mortgage payments (£985) are £35 less than renting (£1,020). However, buying requires an upfront deposit of £62k — 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 |
|---|---|---|---|
50, WINIFRED AVENUE CV5 6JS | Terraced | £280,000 | 23 Jan 2026 |
17, CHERITON CLOSE CV5 9JX | Terraced | £255,000 | 22 Jan 2026 |
79, NEWCOMBE ROAD, EARLSDON CV5 6NH | Terraced | £185,000 | 19 Jan 2026 |
66, NOD RISE CV5 7JJ | Semi-detached | £292,000 | 19 Jan 2026 |
52, STANWAY ROAD CV5 6PJ | Terraced | £265,000 | 16 Jan 2026 |
FLAT, 12, ALLESLEY COURT, ALLESLEY CV5 9HB | Flat/Maisonette | £92,500 | 16 Jan 2026 |
139, GLENDOWER AVENUE CV5 8BD | 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.