At a Glance
Average Property Price - WF14
£266,260
32
National percentile
Average Monthly Rent - WF
£788
19
National percentile
Average Net Household Income - WF14
£37,166
45
National percentile
Flat / Maisonette Yield - WF
6.8%
99
National percentile
10-Year Annualised Price Growth - WF14
4.3%
76
National percentile
10-Year Annualised Rent Growth - WF
3.7%
42
National percentile
Property Price & Volume Trends
The average property price of £266,000 sits below the national average, placing it among the more affordable parts of the country. However, the postcode has experienced strong capital growth over the past decade, with prices rising at an annualised rate of 4.3%—among the fastest nationally. Transaction activity has softened recently, with 274 sales in the latest year compared to an average of 354 over the previous ten years.
Rent & Yield Trends
Monthly rents average £788, well below the national typical level, reflecting the area's affordability. Rental growth has been modest at 3.7% annually over the past decade, slightly below the national pace. The flat yield currently stands at 6.8%, up from a ten-year average of 6.1%, indicating improving returns for buy-to-let investors.
Income & Affordability Trends
Average household income of £37,166 is close to the national median. Affordability for buyers has tightened modestly: the price-to-income ratio has risen from 6.3x in 2016 to 6.6x today. Rental affordability has similarly weakened, with the rent-to-income ratio edging up from 23.6% to 23.9%.
Resident Demographic Profile
The population is notably older than average, with those aged 65 and over comprising 22.4% compared to the national figure of 19.6%. Home ownership is strong: 39.6% own outright and 32.1% with a mortgage, well above the national average for outright ownership. The private rental sector is correspondingly smaller at 15.5%. The employment profile is relatively balanced, with technical roles notably more prevalent at 14.4% against the national average of 13.2%.