At a Glance
Average Property Price - CV23
£372,255
61
National percentile
Average Monthly Rent - CV
£1,062
56
National percentile
Average Net Household Income - CV23
£30,390
8
National percentile
Flat / Maisonette Yield - CV
5.8%
62
National percentile
10-Year Annualised Price Growth - CV23
3.1%
32
National percentile
10-Year Annualised Rent Growth - CV
4.0%
57
National percentile
Property Price & Volume Trends
At £372,255, CV23 sits slightly above the national median, placing it in the upper-middle range nationally. However, price growth has lagged significantly: the 10-year annualised increase of 3.1% is well below the national trend. Transaction activity has softened notably, with 413 sales in the latest year against a 10-year average of 560, reflecting a marked decline in market momentum.
Rent & Yield Trends
Average monthly rent of £1,062 is close to the national median, sitting just above average across the UK. Rental growth over ten years has been broadly in line with national pace at 4.0% per year. The flat yield has improved materially to 5.8%, up from a 10-year average of 4.8%, signalling stronger returns for landlords despite the slower price appreciation.
Income & Affordability Trends
Average household income of £30,390 is substantially below the national average, placing this area among the lowest-income districts nationally. This pressure is visible in affordability: the price-to-income ratio has deteriorated from 9.2x in 2016 to 12.3x today, making purchase less accessible. Rental affordability has improved slightly, with the rent-to-income ratio falling from 29% to 28%, though it remains tight relative to income levels.
Resident Demographic Profile
The age profile is broadly balanced with no major skew. Housing tenure shows notably higher outright ownership (37% versus 33.7% nationally) and stronger mortgage ownership (34.8% versus 27.0%), reflecting a more traditional, settled ownership pattern. Private rented occupation is significantly below average at 12.7%. The workforce skews towards professionals (23.4% versus 20.5% nationally) and managers (16.3% versus 13.4%), while caring occupations are notably underrepresented at 7% against the national 9.2%.