# CV3 1PE Area Summary
CV3 1PE covers parts of Cheylesmore in Coventry, a well-established residential area situated approximately 1.5 miles south of Coventry city centre. This postcode sector represents a predominantly inter-war and post-war suburban neighbourhood, characterised by a mix of semi-detached houses, terraced properties, and some period conversions. The area benefits from good local amenities along Cheylesmore's shopping parade and easy access to the city centre, War Memorial Park, and major transport routes including the A45 and A46.
Based on the available data showing 82 properties with an average price of £150,578, CV3 1PE represents notably affordable housing stock compared to the wider Coventry market. This price point typically reflects a combination of smaller terraced houses, flats, and older semi-detached properties requiring varying degrees of modernisation. The area has historically attracted first-time buyers, young families, and investors seeking rental opportunities due to its proximity to Coventry University and the city's employment hubs.
The Cheylesmore area offers a practical location for those seeking value within easy reach of Coventry's regenerating city centre, though properties at this price level may require updating to meet modern standards. The neighbourhood provides a community feel with established schools, local shops, and green spaces, making it a functional choice for budget-conscious buyers prioritising location over contemporary fixtures.
The average house price in CV3 1PE, Coventry is £150,578. Prices range from £75,995 to £368,000.
There are 82 properties in CV3 1PE, Coventry.
CV3 1PE contains 38 flat / maisonette properties, 32 terraced properties, 7 detached properties, 5 semi-detached properties.
Average house prices in CV3 1PE have risen by 91.3% from £128,473 in 2010 to £245,750 in 2024.
CV3 1PE is located in Coventry, West Midlands, England.