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Rental yields›Coventry

Rental yield in Coventry

Coventry sits in the upper half for rental yield in England and Wales, a bit above the 4.4% typical figure across all 316 areas.

Over the past year, average prices in Coventry rose 3.7% and average rents rose 2.3%.

Gross yield

5.5%

Average price

£223,731

↑ +3.7% / yr

Average rent

£1,019/mo

↑ +2.3% / yr

National rank

#33 of 316

Who rents here

Census 2021, 134,140 households

24.7% of homes in Coventry are private rentals.

Private rented 24.7%Social rented 17%Owner occupied 57.4%

Average rent by size

1 bedroom

£759/mo

↑ +2.4% / yr

2 bedrooms

£912/mo

↑ +2.3% / yr

3 bedrooms

£1,065/mo

↑ +2.5% / yr

4+ bedrooms

£1,452/mo

↑ +1.8% / yr

1 bed£759
2 beds£912
3 beds£1,065
4+ beds£1,452

Average advertised rent by number of bedrooms. ONS Price Index of Private Rents (2026-07).

Council tax bands (2026-27)

Band A

£1,678

Band B

£1,958

Band C

£2,237

Band D

£2,517

Band E

£3,076

Band F

£3,636

Band G

£4,195

Band H

£5,034

Average annual bill for the area, including police and other precepts (MHCLG and Welsh Government, 2026-27). Community precepts vary, and the band is set by the property, so check the exact band on gov.uk.

Work out the yield on a specific property

Pre-filled with the Coventry average. Change them for a real property.

Gross yield5.5%

That is right on the Coventry average of 5.5%. Add costs for a net estimate.

How it compares

Coventry5.5%
Highest (Newcastle upon Tyne)6.9%
Typical (median)4.4%
Lowest (Derbyshire Dales)2.8%

Areas with a similar yield

Gloucester 5.5%Watford 5.5%South Tyneside 5.5%Sandwell 5.5%Leeds 5.5%Barking and Dagenham 5.5%
See it on the yield mapWork out a specific dealCheck this area

Common questions

Is Coventry a good place to buy to let?

It is around the middle for rental income, at a 5.5% average gross yield. Whether it works depends on the specific property, so always run the actual numbers.

Are rents rising in Coventry?

Over the past year, average rents in Coventry rose 2.3% and average prices rose 3.7% (HM Land Registry and ONS, to 2026-07).

Is there rental demand in Coventry?

Rent movement is the best free proxy for tenant demand, and average rents in Coventry rose 2.3% over the past year (ONS), which points to tenants competing for available stock. Still ask local letting agents about typical void periods before committing to a buy-to-let there. For the size of the market: at the 2021 census, 24.7% of Coventry's 134,140 households rented privately (17% social rented, 57.4% owner occupied).

What is the average rent for a 1, 2 or 3 bedroom property in Coventry?

As of 2026-07, average monthly rents in Coventry by property size are £759 for a 1 bedroom property, £912 for a 2 bedroom property, £1,065 for a 3 bedroom property, £1,452 for a 4 or more bedroom property (ONS). The all-size average is £1,019 a month.

How much is council tax in Coventry?

In 2026-27, the average Band D council tax in Coventry is £2,517 a year including police and other precepts. Bills scale with the property's band: from £1,678 for Band A up to £5,034 for Band H. Community precepts vary within the area, so treat these as area averages and check the exact band and bill with the council.

What is a good rental yield in the UK?

As a rough guide, under 4% is low, 5 to 6% is typical, and above 6.5% is high. Coventry is at 5.5%.

Weighing up Coventry? Ask people who invest there in the free Housetrix Discord, or browse every area ranked by yield.

Gross yield = annual rent divided by average price. Average price: HM Land Registry UK HPI (01/06/2026). Average rent: ONS Price Index of Private Rents (2026-07). Local-authority averages across all property types, indicative only. Contains public sector information licensed under the Open Government Licence v3.0. Not investment advice.

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