An introduction to Coventry
Coventry is a bustling city with a rich history, two universities, and fantastic transport links. It attracts students, young professionals, and families, resulting in a diverse population and a lively atmosphere. It is regularly featured on lists of the best places to live in the UK, including ranking #28 out of 138 areas in The UK Quality of Life Index. What’s more, Coventry has been chosen as the 2021 European Capital of Culture, which is a great opportunity to showcase the city’s beautiful art, history, and community.
Living in Coventry means Birmingham is just a half-hour away by car or train. Leicester is forty minutes via the M69, or approximately an hour by train, and you can even reach central London in an hour on the train. It’s the perfect location for commuters and people who need to travel for work. The city centre is filled with young professionals who want the excitement of city life while families tend to settle in the suburbs.
The Coventry property market
Coventry was devastated by bombing during World War II in a campaign so strong it’s known as “The Coventry Blitz”. There is very little pre-war architecture still standing. Most properties in Coventry are modern, though some areas still have some Victorian and Edwardian housing. The current selection of housing includes luxury apartments and first-time buyer properties in the city centre, while semi-detached and large detached homes are most common in the suburbs. Some of the most popular addresses for families are Holyhead Road and Allesley.
A significant part of Coventry’s property market is dedicated to student accommodation. Coventry university and University of Warwick are both in the city centre, and the most popular areas for students are Earlsdon, Upper Stoke, and Bishopsgate Green. There are some students living in the city centre, but these properties tend to be more expensive and so are usually occupied by young professionals. The influx of professionals has created a demand for luxury apartment complexes in the city close to the restaurants and nightlife. The growth of Coventry’s property market is bringing more business to the town, making it a more exciting place to live.
Why Coventry is a great investment
Coventry’s property prices are low compared to both national and regional averages. Coventry is a wonderful place for commuter families to settle because it has great educational institutions and useful transport links to larger cities. Coventry’s suburbs are particularly popular with families because of the abundance of green spaces and family-friendly community. Because they’re so close to the city, the suburbs give families access to lots of activities and facilities that you wouldn’t find in the countryside. Coventry is the perfect place to buy a peaceful family home while still having a hassle-free commute.
Coventry’s rental market is very competitive at the moment, as a huge part of the local population is made up of university students and young professionals. Student halls are regularly being constructed to keep up with demand, but it isn’t enough to house the entire student population. If you want long-term tenants, buying a property in the city centre is more likely to appeal to young professionals. Those working in Coventry or nearby cities will pay more for luxury apartments, and there’s a demand for both rooms and entire properties.
Life in Coventry
Coventry city centre has a lot to offer, particularly in the Cathedral Quarter. As the 2021 European Capital of Culture, the city’s arts scene is constantly finding bigger and better ways to entertain the population. There’s also a very strong sports community, with Planet Ice and the Coventry Sports & Leisure Centre being two of the most popular options for exercise. If watching a match sounds more fun than playing, Ricoh Arena is the home of Coventry City F.C. and Wasps R.F.C. The stadium is the biggest venue in Coventry, with more than 32,000 seats.
Of course, one of the biggest advantages of living in Coventry is its location. Depending on your exact location, you can easily reach major roads through the A45, A4114, or A444. From there, it’s easy to link up to the A5, M6, or wherever else you need to go. In addition to easily reaching so many major cities, Coventry is close to Birmingham and East Midlands airports. Whether you want to drive, catch a train, or fly, it’s easy to do so in Coventry.