At a Glance
Average Property Price - CV12
£255,145
29
National percentile
Average Monthly Rent - CV
£1,062
56
National percentile
Average Net Household Income - CV12
£34,934
31
National percentile
Flat / Maisonette Yield - CV
5.8%
62
National percentile
10-Year Annualised Price Growth - CV12
5.2%
92
National percentile
10-Year Annualised Rent Growth - CV
4.0%
57
National percentile
Property Price & Volume Trends
The average property price in CV12 is £255,000, placing it below the national average. Over the past decade, the area has experienced strong price growth of 5.2% per year—among the fastest nationally. However, transaction volumes have softened recently, with 358 sales in the latest year against a 10-year average of 453.
Rent & Yield Trends
Average monthly rent in the CV postcode area stands at £1,062, in line with the national middle ground. Rental growth has averaged 4.0% per year over the past decade, matching the national pace. The current rental yield of 5.8% is notably above the 10-year average of 4.8%, reflecting improved returns for buy-to-let investors in the area.
Income & Affordability Trends
Average net household income is £34,934, modestly below the national average. The price-to-income ratio has risen to 6.8x from 5.7x in 2016, indicating that property affordability for buyers has deteriorated. Rental affordability has improved slightly, with the rent-to-income ratio falling from 29% to 28%, suggesting rents are becoming marginally easier to sustain from household earnings.
Resident Demographic Profile
The population skews slightly older than national norms, with over a fifth aged 65 and above compared to just under a fifth nationally. Housing tenure is distinctly owner-dominated: outright ownership at 38% is well above the national average of 34%, while private rental at 15% is notably below the 22% national figure. The employment profile shows a significantly higher share of elementary workers (14% versus 10% nationally) and plant/machine operatives (10% versus 7%), reflecting the area's industrial heritage, whilst professional employment (14%) is notably underrepresented compared to the national 21%.