Average Rent, House Prices and Buy-to-Let Yield in Coventry (July 2026)
The average private rent in Coventry is £1,019 a month (ONS, July 2026) and the average house price £223,731 (HM Land Registry, June 2026): a gross yield of 5.5%, ranked 37 of 316 local authorities.
Rent in Coventry
The average private rent across all property types is £1,019 a month (+2.3% on a year earlier). The regional median in the West Midlands is £942.
| Property | Per month | Per year |
|---|---|---|
| 1 bedroom | £759 | £9,108 a year |
| 2 bedrooms | £912 | £10,944 a year |
| 3 bedrooms | £1,065 | £12,780 a year |
| 4+ bedrooms | £1,452 | £17,424 a year |
The bedroom ladder in Coventry: one to two bedrooms adds 20.2% to the rent, two to three adds 16.8% and three to four-plus adds 36.3% (England-and-Wales medians 27.3%, 20.9% and 40.9%). The biggest step here is three to four or more bedrooms — the size where an extra room earns most, and the first place to look when comparing a conversion against its cost.
House prices in Coventry
The average price paid is £223,731 (+3.7% on a year earlier).
| Type | Average price |
|---|---|
| Detached | £406,179 |
| Semi-detached | £263,991 |
| Terraced | £207,239 |
| Flat | £127,935 |
Rents and prices moved together in Coventry — +2.3% and +3.7% over the year — so the gross yield on offer is roughly where it was twelve months ago. Coventry ranks 241st of 316 local authorities for rent growth and 124th of 316 for price growth; the England-and-Wales medians are +3.8% and +2.8%.
Gross yield by property type in Coventry
| Type | Rent / month | Average price | Gross yield | E&W median |
|---|---|---|---|---|
| Flat | £912 | £127,935 | 8.6% | 7.5% |
| Terraced house | £1,065 | £207,239 | 6.2% | 5.7% |
| Semi-detached | £1,065 | £263,991 | 4.8% | 4.6% |
| Detached | £1,452 | £406,179 | 4.3% | 4.1% |
On these pairings the strongest gross yield in Coventry is on flats at 8.6%, against an England-and-Wales median of 7.5% for that type; the weakest is detached. Gross figures ignore service charges, which usually make flats the thinnest net yield of the four.
What that means for a landlord
- Gross yield 5.5% (rent × 12 ÷ price) — rank 37 of 316 local authorities; the regional median is 4.5%. Net yield is lower once mortgage interest, insurance, maintenance and voids come off.
- Tenant affordability: referencing at 30× means a household income of about £30,570 a year for the average rent.
- EPC before 2030: 37% of EPCs lodged in Coventry over the last year were below band C — the level a rented home needs by 1 October 2030 — with 32% at D (EPC ratings in Coventry).
- Council tax: Band D in Coventry is £2,517 for 2026/27, and the council charges a 100% second-home premium (council tax in Coventry).
Lender maths on the averages. At a 5.5% stress rate and 145% rent cover — the common buy-to-let convention — the average rent of £1,019 supports a loan of about £153,329, which is 68.5% of the average price. That falls short of 75% loan-to-value, so a buyer of an average home here needs a larger deposit or a stronger rent to pass the stress test. Both numbers are conventions rather than rules — change them in the stress test.
Run the numbers for Coventry
- Yield calculator with £223,731 and £1,019 already filled in
- Mortgage stress test at 75% LTV on the average price
- Rent affordability: the income a tenant needs to reference at £1,019 a month
- Rental income tax on £12,228 a year of rent
Nearest neighbours by yield, in the West Midlands
| Area | Rent | Price | Yield | Rent 12m |
|---|---|---|---|---|
| Stoke-on-Trent | £711 | £148,799 | 5.7% | +5.4% |
| Birmingham | £1,093 | £234,150 | 5.6% | +2.8% |
| Sandwell | £947 | £205,743 | 5.5% | +7.8% |
| Wolverhampton | £942 | £216,668 | 5.2% | +11.1% |
| Walsall | £916 | £214,577 | 5.1% | +8.7% |
| Tamworth | £920 | £230,478 | 4.8% | +0.5% |
All 316 areas ranked · council tax in Coventry · EPC ratings in Coventry.
Rents: ONS, Price Index of Private Rents (average monthly private rent by local authority, July 2026). Prices: HM Land Registry UK House Price Index (average price, June 2026). Gross yield = rent × 12 ÷ price, our calculation. Contains public sector information licensed under the Open Government Licence v3.0; contains HM Land Registry data © Crown copyright and database right 2026. Rankings and medians are ours, across 316 local authorities.
Asked about this area
£1,019 a month across all property types (ONS Price Index of Private Rents, July 2026), up 2.3% on a year earlier.
£223,731 (HM Land Registry UK House Price Index, June 2026).
About 5.5% gross on the averages — £1,019 rent against a £223,731 price — ranking 37 of 316 local authorities. Net yield depends on your mortgage and costs.
Flats on our pairing: 8.6% gross (£912 rent on a £127,935 price), against an England-and-Wales median of 7.5% for that type.
Rents +2.3% against prices +3.7% over the year — moving together, so yield is broadly stable.
Referencing at 30 times the monthly rent points to roughly £30,570 a year of household income for the average home; the affordability calculator shows 24× and 36× too.