Market outlook for CV23
Key indicators for buyers
The CV23 market is moderately favourable for buyers. Prices are rising at 27.0%, which may favour acting sooner rather than later. Affordability has improved from a peak of 8.7x in 2023 to 6.9x today. Rising rents (£1,023/mo, +5.7%) 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 Rugby area
A home in Rugby costs 6.9x the local median salary — moderate, improving from a peak of 8.7x in 2023.
Rental trends
Average monthly rent · ONS Private Rental Index
Rental data shown for wider Rugby area
Average monthly rent in Rugby is £1,023, up 5.7% 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 Rugby price of £510,125 with a 25% deposit (£128k), a 2-year fixed mortgage at 3.97% costs around £2,013 per month.
Rent vs buy snapshot
Monthly cost comparison based on current data
Uses CV23 avg. price with Rugby rental data
Monthly mortgage payments (£2,013) are £990 more than renting (£1,023). However, buying requires an upfront deposit of £128k — it would take around 49 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 |
|---|---|---|---|
HOPTHORNE FARM, KILSBY ROAD, BARBY CV23 8TT | Detached | £815,000 | 14 Jan 2026 |
53, AVOCET CLOSE CV23 0WU | Flat/Maisonette | £143,000 | 9 Jan 2026 |
4, THE OLD ORCHARD, BIRDINGBURY CV23 8FX | Detached | £750,000 | 9 Jan 2026 |
17, HAREBELL WAY CV23 0TT | Detached | £332,500 | 9 Jan 2026 |
17, RUGBY ROAD, LONG LAWFORD CV23 9DS | Semi-detached | £305,000 | 19 Dec 2025 |
GRAFTON HOUSE, 4, RUGBY ROAD, KILSBY CV23 8XX | Detached | £742,500 | 18 Dec 2025 |
22, EDWARD CAVE WALK, NEWTON CV23 0SN |
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.