Coventry is one of the areas that sits at the other end of the spectrum, with prices of houses for sale barely reaching a 2% annual increase. Combining this low growth rate with house values that remained significantly below the national average in 2013, Coventry is one of the most affordable areas to buy property in.
With prices of houses available for sale in Coventry set to stay at sensible levels of affordability in the near future, both first time buyers and homeowners looking to up-size have all the reasons to start thinking about buying a property in the following year. The local property market currently provides a wealth of houses for sale, in Coventry city centre and all major residential areas around it; and incentives for residential home buying, such as the Government’s Help to Buy scheme, are easily accessible.
Buy-to-let houses for sale in Coventry
Coventry also presents a great opportunity for landlords and home buyers looking to invest in buy-to-let property. A survey conducted by Zoopla in December placed Coventry at the top of the 50 UK cities with the highest yields achieved by landlords from buy-to-let properties (8.9%). This remarkable score can be explained by the existence of a high demand in rental accommodation in the area, which fuels constantly competitive rents, while property retained reasonable selling prices throughout the year. The trend looks set to continue in the short and medium term, making 2014 the perfect time to start looking for houses for sale in Coventry and buying investment properties in the area.
Prices of houses available for sale in Coventry
If you have decided to buy a property in Coventry this year, you should rest assured there are plenty of houses available for sale to choose from. Coventry estate agents report that the area offers a good selection of terraced and semi-detached houses for sale with average prices ranging from £150.000 to £200.000, while larger detached houses located in the more sought after Coventry residential areas, such as Syvechale, Earlsdon or Binley, can reach selling prices as high as £400.000, depending on the level of accommodation provided and property features.
With Coventry property market offering such a diverse range of properties for sale, it is always wise to seek help and advice from local estate agents. They will be able to offer detailed information on the Coventry housing profile, most popular residential areas, local schools and public facilities, as well as guide you through finding and booking viewings for the best suited houses for sale in Coventry, based on your budget and requirements.