Buying a house during the coronavirus pandemic has been more stressful than normal.
We’ve had to contend with the logistical side of moving house during the pandemic – but also a spike in house prices across the country.
As such, many sellers ended up walking away from a property with more cash in their pockets than expected.
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However, with life slowly returning to normal the housing market has stabilised and house prices have begun to drop.
Earlier this week, CoventryLive looked at the areas across Coventry and Warwickshire were house prices had suffered the biggest falls.
New data compiled by Property Solvers has also shown where house prices have best retained their value over the past year.
The firm tracked 1,586 property sales over the past year in the area and has analysed where property values in the area have fallen the least between August 2020 and August 2021.
These are the postcodes in the area which have best retained their value over the past 12 months, when comparing their asking price to their eventual sale price.
CV21 – Rugby
Houses in this postcode were sold for an average of £242,024, an average drop of 1.59% against the asking price of £245,876.
There was an average decrease of £3,852.
This was based on 42 properties which were sold in the area over the past 12 months.
CV6 – Coventry
There was a decrease in sale price of close to 2% in this area, based on 109 properties which were sold.
The average asking price for properties in this part of Coventry was £201,479, compared to an eventual sale price of £197,561.
This saw a decrease of £3,918, or 1.98%.
CV10 – Nuneaton
There was a drop of 2.14% in this area, based on an average asking price of £199,377 and an ultimate average sale price of £195,202.
There was an average decrease between list price and sale price of £4,175 across the 127 properties sold.
CV9 – Atherstone
The average asking price in Atherstone was £250,440, which dropped by 1.79% when it came to sale prices.
The average sale of a property in the village was £246,030, a drop of £4,410 across the 55 properties sold compared to the asking price.
CV2 – Coventry
£205,612 was the average list price in this area of Coventry, with properties selling on average for £4,549 less than this.
There was a 2.26% drop on the 100 properties sold in this area.
CV23 – Rugby
Properties in this postcode were listed for an average asking price of £288,103, which suffered a drop of just over 1.6% when it came to finalising the sale.
The average selling price ended up being £283,524, or 1.62% short of the asking price across 41 properties sold.
CV11 – Nuneaton
The average property here was listed to £239,875 and were sold on average for £234,828.
This makes for a drop of 2.15%, or £5,047, across the 102 properties sold.
CV12 – Bedworth
In neighbouring Bedworth, there was a slightly steeper drop in house prices which amounted to an average 2.34% decline between asking and sale prices.
The average asking price in the town was £221,054 compared to the average selling price of £216,006 across the 75 properties which changed hands.
CV31 – Leamington Spa
One of the pricier places to buy in the area, the average asking price for a property in this area of Leamington Spa was £304,521.
However, they held their value comparatively well being sold on average for 1.77% less.
Across 63 properties, the average sale price was £299,229.
CV5 – Coventry
There was a 2.14% drop in price in this area of the city on average of 102 properties sold.
Compared to an asking price of £265,469, the eventual sale price averaged at £259,903.
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