Cov street with the most million pound homes
COVENTRY’S millionaire’s row has been revealed.
Those living in leafy Kenilworth Road can get out of bed happy this morning - because more houses there have been sold for a million pounds or more than anywhere else in the city.
Five houses in the street, which borders the beautiful War Memorial Park, have changed hands for a seven-figure sum since November 2008.
But an average house in Coventry would set you back just £184,690, according to Land Registry figures.
Despite the impressive sales, Coventry lags behind Warwickshire.
Exclusive analysis of property data shows that a whopping 209 homes have sold for more than a million pounds in Stratford since November 2008, and 149 in Warwick.
That compares to just nine in Coventry.
The millionaire’s row crown for the area goes to Tiddington Road in Stratford, where an impressive 13 homes have changed hands for a million pounds or more over the last decade.
One home in the street, in the east of the historic town, sold for a massive £3,000,000 in July 2014.
Another three properties there have been snapped up for more than a million so far this year.
Other roads with a good claim to be millionaires’ rows in Warwickshire and Coventry include Northumberland Road, in Leamington Spa.
It has seen 12 sales of a million pounds or more over the past decade.
They included one purchase of £1,550,000.
Chessetts Wood Road in Solihull has seen 10, as have nearby Rising Lane and Bates Lane.
The area with the least sales of million poundplus houses was Nuneaton and Bedworth.
Only two homes there have reached a sevenfigure sale price in the last decade.
Here’s how the other areas compare: Stratford - 209
Warwick - 149
Rugby - 14
Coventry - 9
North Warwickshire - 7 Nuneaton and Bedworth - 2
More than 120,000 seven-figure property transactions across England and Wales since November 2008 were compared to get the figures. House prices in Coventry have risen by more than 60 per cent in just the last three years.
Coventry is now the top university city in the country for house price growth, with average property prices rising by almost two-thirds since 2015.
Three years ago, an average property in Coventry would have set buyers back £114,625, but that same home today would be worth £184,690.
That’s a massive increase of £70,065 in three years - more than twice of what the average national increase.
The research comes from online estate agents Housesimple.com, who revealed that property prices have increased by 61 per cent between June 2015 and June 2018, according to Land Registry figures.
Warwickshire’s total of 365 might sound like a lot - until you discover there have been 12,375 million pound-plus sales in just one London borough (the City of Westminster).
There have been 11,470 in Kensington and Chelsea, and 7,233 in Wandsworth. The nation’s millionaires’ row is, arguably, Queenstown Road in Battersea.
The road has seen 247 home sales of a million pounds or more since 2008 - more than in the whole of Birmingham.
London accounts for 76,675 of the 120,658 deals in which a house or flat has changed hands for more than a million pounds in the last 10 years. A further 9,850 were in Surrey.
To put that in perspective, there were 801 in the whole of Greater Manchester, 413 in the whole of the West Midlands and 130 in Wales.