Property investment stats for Coventry, West Midlands

• The average rental yield is strong at 6.4%, and certain districts push this even higher, with the top postcode district offering yields of 11.2%.
• Demand is underpinned by a large student population (in the 96th percentile nationally) and a high proportion of young adults (in the 88th percentile for 20-30 year olds).
• Median asking prices for both three-bedroom houses (£260,000) and two-bedroom flats (£140,000) remain accessible compared to many other cities.

• The unemployment rate sits in the 92nd percentile, which could impact tenant stability and demand in tougher economic conditions.
• Owner-occupation is relatively low (in the 28th percentile), which may limit long-term capital growth if renters struggle to transition to ownership.
• The city has a fairly high proportion of social rented housing (55th percentile), which can sometimes create pockets of lower demand for private lets.

Coventry’s property market is likely to remain driven by demand from students and young professionals, given the city’s demographic profile. Capital growth has been muted over the past year, with a one-year change of 0.7%, but the three-year annualised figure of 2.6% suggests slow and steady progress. The rental market looks robust thanks to high yields and consistent demand, especially in the top-performing postcode districts.

With reasonable affordability on both the sales and rental sides, Coventry should continue to appeal to investors looking for income rather than rapid capital appreciation. However, the high unemployment rate and reliance on the private rented sector are factors to watch closely, as they could introduce volatility if local economic conditions shift.