At a Glance
Average Property Price - CV5
£279,496
36
National percentile
Average Monthly Rent - CV
£1,062
56
National percentile
Average Net Household Income - CV5
£39,476
56
National percentile
Flat / Maisonette Yield - CV
5.8%
62
National percentile
10-Year Annualised Price Growth - CV5
3.7%
53
National percentile
10-Year Annualised Rent Growth - CV
4.0%
57
National percentile
Property Price & Volume Trends
The latest average property price in CV5 is £279,000, placing it below the national average. Over the past decade, prices have grown at 3.7% annually—broadly in line with the national trend. Transaction activity last year stood at 682 sales, a notable decline from the 10-year average of 786, suggesting a softening in market momentum.
Rent & Yield Trends
Average monthly rent across the CV postcode area is £1,062, slightly above the national median. Rental growth has averaged 4.0% annually over the past decade, keeping pace with the broader UK trend. Yields have strengthened considerably: the current flat yield of 5.8% sits well above the 10-year average of 4.8%, reflecting improving returns for landlords.
Income & Affordability Trends
Household income in the area averages £39,476 annually, close to the national median. The price-to-income ratio stands at 6.9x, unchanged since 2016, indicating that affordability relative to local earnings has remained stable. Rental affordability has improved modestly: the rent-to-income ratio has fallen from 29% in 2016 to 28% today, suggesting rents have grown slightly slower than incomes.
Resident Demographic Profile
The area has a notably high concentration of young adults aged 16–24 (18.9% against a national average of 11.0%), likely reflecting the proximity of educational institutions. Housing tenure is weighted towards outright ownership at 36.1%, above the national average, while social rented housing is proportionally lower at 10.7%. The workforce is skewed towards professionals (25.4% versus 20.5% nationally) and technical roles (14.2%), with notably fewer trades workers (8.4% against 10.5% nationally).