At a Glance
Average Property Price - CV47
£380,420
63
National percentile
Average Monthly Rent - CV
£1,062
56
National percentile
Average Net Household Income - CV47
£43,014
69
National percentile
Flat / Maisonette Yield - CV
5.8%
62
National percentile
10-Year Annualised Price Growth - CV47
3.1%
32
National percentile
10-Year Annualised Rent Growth - CV
4.0%
57
National percentile
Property Price & Volume Trends
The latest average property price in CV47 is £380,000, positioning it slightly above the national midpoint. Over the past decade, prices have grown at an annualised rate of 3.1%, which is below the national average pace of growth. Transaction activity has eased in the latest year, with 317 sales recorded against a 10-year annual average of 412.
Rent & Yield Trends
Average monthly rent across the broader CV postcode area stands at £1,062, close to the national median. Rent growth over ten years has averaged 4.0% per year, broadly in line with national trends. The flat yield has improved notably to 5.8%, well above its 10-year average of 4.8%, reflecting recent strength in rental returns.
Income & Affordability Trends
Average net household income is £43,014, placing the area among the better-off quarters nationally. The price-to-income ratio of 8.3x is well below its 2016 level of 8.9x, indicating improved affordability for buyers over the period. Rental affordability has similarly improved, with the rent-to-income ratio falling from 29% in 2016 to 28% today.
Resident Demographic Profile
The population skews notably older than the national average, with 21.2% aged 65 and over compared to 19.6% nationally, whilst those aged 16–24 are markedly underrepresented at 8.1%. Homeownership is exceptionally strong: 37% own outright and 35.3% own with a mortgage, together accounting for 72.3% of all households—well above the national norm. The employment base is weighted towards professional and managerial roles, which together represent 39.1% of the workforce, significantly higher than the national average of 33.9%.