At a Glance
Average Property Price - CV9
£288,602
39
National percentile
Average Monthly Rent - CV
£1,062
56
National percentile
Average Net Household Income - CV9
£36,166
39
National percentile
Flat / Maisonette Yield - CV
5.8%
62
National percentile
10-Year Annualised Price Growth - CV9
3.7%
54
National percentile
10-Year Annualised Rent Growth - CV
4.0%
57
National percentile
Property Price & Volume Trends
The average property price in CV9 is £289,000, placing it below the national average. Over the past decade, prices have grown at 3.7% annually—close to the national pace. Transaction activity has softened in the latest year, with 244 sales against a 10-year average of 311, suggesting a less buoyant market than its own historical trend.
Rent & Yield Trends
Average monthly rent across the broader CV postcode area is £1,062, slightly above the national median. Rents have grown at 4.0% annually over ten years, in line with national trends. The flat yield currently stands at 5.8%, a marked improvement on the 10-year average of 4.8%, reflecting a shift towards stronger rental returns.
Income & Affordability Trends
Average household income in CV9 is £36,166, notably below the national average. The price-to-income ratio has deteriorated to 8.1x from 7.1x in 2016, signalling that property has become less affordable relative to earnings over this period. Rental affordability has edged forward, with rent-to-income improving marginally from 29% to 28%, though this remains a significant cost burden.
Resident Demographic Profile
The population skews towards older age groups, with 21.6% aged 50–64 and 21.5% aged 65+, both well above national averages, while those aged 16–24 are notably underrepresented at 9%. Housing tenure is marked by above-average outright ownership at 35.6%, and elevated social renting at 18.7% compared to the national 16.5%. The employment profile is weighted heavily towards elementary occupations at 15.8%—well above the national 10.2%—and plant/machine operatives at 10.4%, reflecting the area's working-class and industrial heritage, while professional occupations are significantly underrepresented at 13.2%.