At a Glance
Average Property Price - WA1
£235,849
23
National percentile
Average Monthly Rent - WA
£900
34
National percentile
Average Net Household Income - WA1
£33,142
20
National percentile
Flat / Maisonette Yield - WA
4.9%
18
National percentile
10-Year Annualised Price Growth - WA1
4.5%
81
National percentile
10-Year Annualised Rent Growth - WA
4.2%
66
National percentile
Property Price & Volume Trends
The average property price in WA1 is £236,000, which sits below the national average. Over the past decade, prices have grown by 4.5% per year—among the strongest growth rates nationally. However, transaction activity has softened recently, with 286 sales in the latest year compared to a 10-year average of 335 per year.
Rent & Yield Trends
Average monthly rent in the area is £900, modestly below the national average. Rental growth over the past decade has been steady at 4.2% per year, slightly above the national trend. The flat yield has improved to 4.9% in the latest year, up from a 10-year average of 4.0%, reflecting strengthening rental returns.
Income & Affordability Trends
Average household income in WA1 is £33,142, well below the national average. The price-to-income ratio stands at 7.6x, a meaningful deterioration from 6.1x in 2016, indicating that affordability for homebuyers has worsened. Rental affordability has also eased, with the rent-to-income ratio rising from 23.3% to 25.1% over the same period.
Resident Demographic Profile
The age profile skews notably towards working-age residents: the 25–34 age group is significantly overrepresented at 17.2% (against a national average of 13.4%), and the 35–49 group is also well above average at 21.2%. The private rented sector is unusually strong at 28.3%, nearly a third above the national share. Employment patterns reveal a notably higher share of elementary occupations at 16.2% and fewer managers at 9.7% than the national average.