The average property price across the UK has risen to more than £350,000 in its largest monthly increase in over a decade. Houses across the country have hit a new record with market prices rise drastically across the board.
The average price of properties have risen by £5,760 this month as prices continue to skyrocket, and now stands at £354,564. This is because there are now twice as many buyers as there are sellers in the market, causing a big mismatch between demand and supply recorded at this time of year, Rightmove said.
Tim Bannister, Rightmove’s director of property data, said: “There’s a hat-trick of reasons for home-owners to follow the normal trend and make it their goal to sell this spring. Firstly, the potential to achieve a record price for their property.
READ MORE: Inside the village 40 minutes from Coventry that’s great for gin
“Secondly, the imbalance between high buyer demand compared to low available property supply is the greatest that we have ever seen for the start of a spring market, meaning that the chance of being able to pick and choose between several suitable buyers is strong.”
So what type of home can you get in Coventry for the ‘average’ property price? We look at the different types of homes across the city that fall around this figure:
1. Mylgrove, Finham
This three-bedroom detached property is located along Mylgrove Road in Finham and is on sale for £360,000. The home contains a spacious lounge with an electric fireplace, an an extended sitting room, utility room running onto the integral garage and a fully fitted kitchen with electric cooker and gas hob.
The front of the property contains a block paved driveway with access to a garage along with a garden with a patio area at the rear.
2. Stoneleigh Road, Gibbet Hill
This three-bedroom ground-floor apartment is set within gated grounds is on the market for £350,000. Set within an executive development, the private grounds provides a safe and tranquil space electric gates surrounding the property.
The home comes with spacious lounge and diner, modern fitted kitchen with a range of integrated appliances. Two of the bedrooms come with quality fitted wardrobes and a master boasting a spacious en-suite with bath and separate shower cubicle.
There is also a modern fitted family bathroom and separate bathroom. The home boasts private enclosed rear garden, paved area with new large decking area and Norwegian Log Cabin which could be an exercise room or home office.
The property also comes with a video intercom system, alarm system and allocated parking.
3. Canal View
The property is located along Canal View in Coventry with six bedrooms spread out across three floors at a little more than the average price at £375,000. Two of the bedrooms are en-suite, and the home contains a guest cloakroom, a garage, fully fitted kitchen, dining room, lounge, entrance hallway and store room.
There are a total of four bathrooms in the property. The home is close to local amenities with Coventry Railway station just 1.1 miles away.
4. Southbank Road
This three-bedroom semi-detached home is on sale for £350,000. The property is located in the heart of Coventry along Southbank Road, and is located close to several primary schools, local amenities and pubs around the area.
The home contains a cloakroom, cosy lounge, an immaculate modern fitted kitchen and dining area with plenty of both storage and hosting space and there is also a downstairs bathroom. The property leads to beautifully landscaped gardens via French doors, with a small balcony area overlooking the flora and fauna.
There is also access to the back garden from the kitchen. The rear holds an office and gym space.
5. Ashdown Close, Binley
This five-bedroom home is now on the market for £350,000. Located along Ashdown Close in Binley, this semi-detached family home is situated in a popular residential area close to local amenities and transport links.
The home contains a lounge, fitted kitchen, conservatory, ground floor wet room, five bedrooms and family bathroom. There is also a driveway providing off-road parking for 2 vehicles, garage and rear garden and a porch.
The property is fitted with laminate flooring with double glazed windows.