At a Glance
Average Property Price - CV3
£279,706
36
National percentile
Average Monthly Rent - CV
£1,062
56
National percentile
Average Net Household Income - CV3
£36,765
42
National percentile
Flat / Maisonette Yield - CV
5.8%
62
National percentile
10-Year Annualised Price Growth - CV3
4.2%
71
National percentile
10-Year Annualised Rent Growth - CV
4.0%
57
National percentile
Property Price & Volume Trends
The latest average property price in CV3 is £280,000, placing it below the national average. Over the past decade, prices have grown at 4.2% annually—a pace notably faster than most comparable areas nationally. Transaction volumes have declined: 683 sales occurred in the latest full year, down from a 10-year average of 874, reflecting reduced activity in the district.
Rent & Yield Trends
Monthly rents in the broader CV postcode average £1,062, sitting close to the national median. Rental growth has kept pace with the wider economy at 4.0% annually, in line with national trends. Flat yields have strengthened to 5.8% in the latest period, up meaningfully from the 10-year average of 4.8%, signalling improving returns for buy-to-let investors.
Income & Affordability Trends
Average household income stands at £37,000, modestly below the national average. The price-to-income ratio of 7.3x has worsened slightly since 2016 (7.0x), indicating modest pressure on purchase affordability. Rental affordability has improved: the rent-to-income ratio has fallen to 28% from 29% in 2016, reflecting stronger income growth relative to rental increases.
Resident Demographic Profile
The age profile is notably skewed towards young adults, with 16–24-year-olds representing 19.2% of the population—well above the national average of 11.0%. Social rented housing is significantly overrepresented at 22.6% compared to the national average of 16.5%, reflecting the area's more deprived demographics. Elementary occupations account for 15.3% of employment, above the national average of 10.2%, whilst managerial roles are underrepresented at 9.1% against 13.4% nationally.