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House Prices in CV7

The average house price in CV7 (Coventry) is £300,083 using HM Land Registry data.

The average property price increased by £73,863 (54.46%) over the last 5 years and increased by £14,766 (6.89%) over the last 12 months.

Over the last year, there were 257 residential property sales – a decrease of 327 transactions (-127.24%) relative to the previous year. The majority of house sales (103) were in the £150,000 - £254,000 range. Then came properties in the £254,000 - £358,000 range, where 48 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 63 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-10,081 (-2%).

In June 2024, there were 94 new estate agency instructions, 47 agreed home sales and 28 property price reductions.

5-Year Average Property Prices in CV7 (Coventry)

54.46%

Property prices in Coventry increased by 54.46% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in CV7 (Coventry) Over the Last Year

6.89%

Property prices in Coventry increased by 6.89% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

Property Market Heat Gauge for CV7 (Coventry) - June 2024

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 61 to 80 days, the broad evidence suggests a slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a market slowdown or a combination of both. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in some relisting the property at a later date). Others simply reduce the price to a level that will entice more buyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in CV7 (Coventry)

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in CV7 (Coventry)

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in CV7 (Coventry)

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the CV7 (Coventry) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the CV7 postcode area since 1995.

Recent Sales in CV7 (Coventry)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
339 Kenilworth Road, Balsall Common, Coventry, West Midlands, CV7 7DL	£160,000	£156,000	-£4,000	17 Jan 2023	10 May 2024	479 Days
65 Deans Way, Coventry, Warwickshire, CV7 9HG	£260,000	£258,000	-£2,000	06 Nov 2023	10 May 2024	186 Days
7 Fairfield Rise, Meriden, Coventry, West Midlands, CV7 7NP	£325,000	£307,500	-£17,500	18 Oct 2023	03 May 2024	198 Days
16 Huggins Close, Balsall Common, Coventry, West Midlands, CV7 7RX	£175,000	£168,000	-£7,000	21 Mar 2024	03 May 2024	43 Days
10 Elmwood Close, Balsall Common, Coventry, West Midlands, CV7 7DP	£475,000	£440,000	-£35,000	10 Oct 2023	26 Apr 2024	199 Days
7 Ryder Row, Gun Hill, Coventry, Warwickshire, CV7 8GS	£172,500	£167,500	-£5,000	03 Feb 2024	26 Apr 2024	83 Days
17 Ferndale Road, Balsall Common, Coventry, West Midlands, CV7 7AH	£287,500	£285,000	-£2,500	24 Oct 2023	23 Apr 2024	182 Days
17 Hill Road, Keresley End, Coventry, Warwickshire, CV7 8JR	£165,000	£160,000	-£5,000	12 Dec 2023	15 Apr 2024	125 Days
Brantwood, Waste Lane, Balsall Common, Coventry, West Midlands, CV7 7GG	£625,000	£605,000	-£20,000	29 Jul 2023	25 Mar 2024	240 Days
36 Grant Road, Exhall, Coventry, Warwickshire, CV7 9DE	£165,000	£155,000	-£10,000	03 Aug 2023	08 Mar 2024	218 Days
Pear Tree Cottage, Spencers Lane, Berkswell, Coventry, West Midlands, CV7 7BZ	£595,000	£595,000	£00	16 Aug 2023	08 Mar 2024	205 Days
57 Greenfield Avenue, Balsall Common, Coventry, West Midlands, CV7 7UG	£300,000	£300,000	£00	06 Nov 2023	05 Mar 2024	120 Days
6 Scholfield Road, Keresley End, Coventry, Warwickshire, CV7 8LJ	£200,000	£200,000	£00	20 Sep 2023	04 Mar 2024	166 Days
7 Garlands Croft, Keresley End, Coventry, Warwickshire, CV7 8RE	£350,000	£350,000	£00	25 Oct 2023	29 Feb 2024	127 Days
17 Windmill Road, Exhall, Coventry, Warwickshire, CV7 9GP	£170,000	£168,000	-£2,000	22 Sep 2023	28 Feb 2024	159 Days
181 Coventry Road, Exhall, Coventry, Warwickshire, CV7 9EY	£299,995	£295,000	-£4,995	10 Nov 2023	16 Feb 2024	98 Days
8 Waterfall Close, Meriden, Coventry, West Midlands, CV7 7NW	£279,000	£260,000	-£19,000	10 Oct 2023	12 Feb 2024	125 Days
25 Old Winnings Road, Keresley End, Coventry, Warwickshire, CV7 8JL	£210,000	£210,000	£00	25 Oct 2023	31 Jan 2024	98 Days
34 George Street, Gun Hill, Coventry, Warwickshire, CV7 8HL	£160,000	£152,000	-£8,000	08 Nov 2023	30 Jan 2024	83 Days
67 Tresillian Road, Exhall, Coventry, Warwickshire, CV7 9PP	£190,000	£187,500	-£2,500	04 Oct 2023	25 Jan 2024	113 Days

Most Expensive Streets in CV7 (Coventry)

Postcode	Street	Area	Average	No. of Sales
CV7 8EH	Broad Lane, Fillongley	Coventry	£1,098,333	3
CV7 7JR	Hampton Lane, Meriden	Coventry	£897,500	3
CV7 7LB	Berkswell Road, Meriden	Coventry	£870,000	4
CV7 8FB	Lawrence Court, Fillongley	Coventry	£816,500	5
CV7 7GE	Meeting House Lane, Balsall Common	Coventry	£815,780	5
CV7 8HP	Devitts Green Lane, Arley	Coventry	£786,666	3
CV7 7GL	Kelsey Lane, Balsall Common	Coventry	£780,333	6
CV7 8DA	Coventry Road, Fillongley	Coventry	£760,000	3
CV7 7AN	Fernhill Lane, Balsall Common	Coventry	£758,625	8
CV7 8AA	Tamworth Road, Corley	Coventry	£742,500	4

Least Expensive Streets in CV7 (Coventry)

Postcode	Street	Area	Average	No. of Sales
CV7 9DH	Simon Court, Exhall	Coventry	£75,666	3
CV7 8GR	Daffern Avenue, Gun Hill	Coventry	£105,250	4
CV7 9BL	Fieldview Close, Exhall	Coventry	£105,500	5
CV7 7ES	Kenilworth Road, Balsall Common	Coventry	£110,205	17
CV7 9EX	Heckley Road, Exhall	Coventry	£113,333	3
CV7 7NJ	Main Road, Meriden	Coventry	£120,250	6
CV7 8GQ	Frederick Road, Gun Hill	Coventry	£123,428	7
CV7 8HJ	George Street, Gun Hill	Coventry	£128,350	10
CV7 8GP	George Street, Gun Hill	Coventry	£132,800	10
CV7 8GN	Charles Street, Gun Hill	Coventry	£136,468	16