House prices in Coventry have risen at just half the rate of the national average, according to new figures.
The average house price in Coventry now stands at £225,086, up three per cent from £218,332 in August 2019.
It’s a modest increase compared to the six per cent rise that the UK saw as a whole – from £274,936 to £290,562 – and also from the West Midlands average, which rose five per cent from £216,515 to £226,352.
The figures come from the Halifax Price Index.
Nationally there appears to have been a post lockdown surge driving the increase in house prices over the past year.
Russell Galley, managing director at Halifax, said: “Annual growth now stands at 5.2 per cent, its strongest level since late 2016, with the average price of a property tipping over £245,000 for the first time on record.
“A surge in market activity has driven up house prices through the post-lockdown summer period, fuelled by the release of pent-up demand, a strong desire amongst some buyers to move to bigger properties, and of course the temporary cut to stamp duty.”
So what can you get in Coventry for the average asking price?
There is a lot on the market in Coventry right now in the £220,000 to £230,000 price range.
£220,000 is enough to get you a three bed semi-detached or even a four bed terraced.
Here’s some of the homes on offer right now.
Three-bed terraced house in Woodway Lane
This is described as a unique family home that’s deceptively spacious.
There’s three bedrooms, a kitchen, separate living room to dining room, family bathroom and additional toilet, plus a large rear garden.
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The location is close to the University Hospital and there’s good links to the M6.
It’s on the market for offers over £220,000.
Find out more here.
Four bed terraced house in William Bristow Road, Cheylesmore
This is described as being in a sought-after area and comes with no upward chain.
There’s a loft room, fitted kitchen, sun room, front driveway, rear garden and double garage.
It’s on the market for offers over £220,000 and you can find out more here.
Three bed semi-detached in Maple Walk
This is a modern town house in cul-de-sac location with private gardens and spacious accommodation. There’s a conservatory, three double bedrooms and three reception rooms, as well as a driveway with space for at least three vehicles and a substantial integral garage.
It’s on the market for £224,995. Find out more here.
Three bed town house in Carter Road
If you’re willing to stretch your budget a bit more you could get a new-build three bedroom town house such as this.
It’s end terrace and comes with a single parking space with a garage, plus there’s a 10 year warranty on the property.
Inside there’s a porch, hall, cloakroom, kitchen/diner, lounge, master bedroom with en suite and family bathroom. There’s also a garden.
It’s on the market for £229,950 and you can find out more here.