At a Glance
Average Property Price - WA3
£287,873
39
National percentile
Average Monthly Rent - WA
£900
34
National percentile
Average Net Household Income - WA3
£37,072
44
National percentile
Flat / Maisonette Yield - WA
4.9%
18
National percentile
10-Year Annualised Price Growth - WA3
4.2%
73
National percentile
10-Year Annualised Rent Growth - WA
4.2%
66
National percentile
Property Price & Volume Trends
The latest average property price in WA3 is £288,000, placing it below the national average. Over the past decade, the area has experienced annualised price growth of 4.2%, which is notably faster than the typical national rate and ranks among the stronger-performing regions. Transaction activity has softened recently, with 628 sales recorded in the latest full year against a 10-year average of 779 per year.
Rent & Yield Trends
Average monthly rent in the wider WA postcode area is £900, below the national norm. Rental growth over the past decade has averaged 4.2% per year, outpacing the national median. Rental yield has improved markedly, standing at 4.9% in the latest period compared to a 10-year average of 4.0%, indicating a strengthening income picture for investors.
Income & Affordability Trends
Average net household income is £37,072, broadly in line with the national median. Purchase affordability has deteriorated: the price-to-income ratio now stands at 7.3x, compared to 6.0x in 2016, reflecting income growth lagging behind property price appreciation. Rental affordability has also declined slightly, with rent consuming 25.1% of income today versus 23.3% in 2016.
Resident Demographic Profile
The population is notably older than average, with residents aged 50–64 representing 22% (compared to 19.8% nationally) and those 65+ making up 21% (against 19.6% nationally). Younger adults aged 16–24 are markedly underrepresented at 8.8% versus 11.0% nationally. Homeownership is strong: 37.9% own outright and 33.6% own with a mortgage, together well above the national average for owned properties. Private rental tenure at 13.5% is notably below the national figure of 21.7%, reflecting the area's more established owner-occupied character.