At a Glance
Average Property Price - WA16
£640,067
91
National percentile
Average Monthly Rent - WA
£900
34
National percentile
Average Net Household Income - WA16
£42,652
68
National percentile
Flat / Maisonette Yield - WA
4.9%
18
National percentile
10-Year Annualised Price Growth - WA16
5.0%
89
National percentile
10-Year Annualised Rent Growth - WA
4.2%
66
National percentile
Property Price & Volume Trends
The current average property price of £640,000 places WA16 among the most expensive districts nationally. Over the past decade, prices have grown at 5.0% annually, which represents above-average growth for the UK. Transaction volumes have eased slightly, with 373 sales in the latest full year compared to a 10-year average of 419, suggesting a modestly softened market.
Rent & Yield Trends
Average monthly rent stands at £900, below the national average. Rent growth over the past ten years has been solid at 4.2% annually, outpacing typical national growth rates. The current rental yield of 4.9% represents a meaningful uplift from the 10-year average of 4.0%, indicating an improving return profile for landlords in recent years.
Income & Affordability Trends
Household incomes in WA16 are above the national median, at £43,000 annually. However, affordability pressures have intensified: the price-to-income ratio has risen from 12.2x in 2016 to 14.9x today, reflecting stronger price growth relative to income gains. Rental affordability has also tightened, with the rent-to-income ratio climbing from 23.3% in 2016 to 25.1%, indicating that renters now spend a larger share of earnings on housing.
Resident Demographic Profile
The population skews notably older and more affluent than national norms. Over one quarter are aged 65 or above—significantly higher than the 19.6% national average—while the 16–24 age group is markedly underrepresented at 7.2% versus 11.0% nationally. Owner-occupation is strong at 73.8% (outright and mortgaged combined), well above the national 60.7%, whilst the professional and managerial classes dominate employment, together accounting for 48.5% of the workforce compared to 33.9% nationally.