The area with the fastest rising Coventry property prices is around the University of Warwick. The CV4 7 postcode area, which covers the university and its surrounds, saw a rise of almost a quarter in a year.
Coventry is fortunate to host two successful and rapidly expanding universities, Coventry University and University of Warwick. This places demands for accommodation of both students and staff as either rental or residential property.
Hotspots of property price rises in Coventry
There does appear to be a local hotspot currently around the University of Warwick, CV4 7 postcode. Median prices in the area shot up by 24 per cent from £370,000 in 2015 to £457,475 in 2016, making it the most expensive postcode locally.
The area stretches from Hearsall Golf Club in the north east as far west as parts of Burton Green and south east as far as part of Kings Hill Lane.
It includes roads such as Gibbet Hill Road, De Montfort Way, part of Stoneleigh Road, Cannon Hill Road and Cannon Park Road.
The next biggest rise was in Coventry was in the CV6 5 postcode area, where prices were up by 15 per cent in a year.
They rose from a median of £87,000 to £100,000, although it was still the least expensive postcode locally.
The CV6 5 area covers neighbourhoods both east and west of Foleshill Road heading out from the city up to and including parts of Foleshill.
It includes roads such as Lockhurst Road, Broad Street, Stoney Stanton Road, Queen Mary’s Road, Churchill Avenue and Cross Road.
On the downside, the area with the biggest drop in prices was CV3 1, where the median price fell 15 per cent from £177,248 in 2015 to £150,000 in 2016.
We at Foster Lewis and Co believe that Coventry continues to provide excellent value for money for property purchase, rental or buy-to-let. Get in touch if you want to buy , sell or let or let out a property in Coventry contact us: Foster Lewis and Co estate agents office on 02476 592929 or use our contact form.
See the original Coventry Evening Telegraph article here: http://www.coventrytelegraph.net/news/just-coventry-property-prices-increasing-12589043