At a Glance
Average Property Price - WF5
£235,247
23
National percentile
Average Monthly Rent - WF
£788
19
National percentile
Average Net Household Income - WF5
£36,153
39
National percentile
Flat / Maisonette Yield - WF
6.8%
99
National percentile
10-Year Annualised Price Growth - WF5
3.8%
57
National percentile
10-Year Annualised Rent Growth - WF
3.7%
42
National percentile
Property Price & Volume Trends
The average property price of £235,247 sits well below the national average, placing it among the more affordable regions nationally. Over the past decade, prices have grown at 3.8% annually—close to the national pace. Transaction activity has softened considerably, with 238 sales in the latest year compared to a 10-year average of 326, suggesting a less active market than its recent history.
Rent & Yield Trends
Average monthly rent of £788 is notably low compared with national levels. Rental growth over ten years has been steady at 3.7% per annum, slightly below the national trend. The flat yield currently stands at 6.8%, which is above the 10-year average of 6.1%, indicating improving returns for landlords in recent trading.
Income & Affordability Trends
Average household net income of £36,153 is below the national median, placing the area among lower-income regions. The price-to-income ratio of 6.2x has widened since 2016 (5.5x), signalling that property purchase affordability has deteriorated over the past eight years. Rental affordability has remained relatively stable, with rent-to-income at 23.9% versus 23.6% in 2016, showing little meaningful change.
Resident Demographic Profile
The population skews notably older, with 22% aged 65 and over against a national average of 19.6%, whilst the 16–24 age group is underrepresented at 8.6% compared to 11.0% nationally. Housing tenure shows a stronger preference for outright ownership (34.6%) and mortgage purchase (31.1%), whilst private renting is below average at 14.6%. The employment profile is weighted towards trades (12.2%), technical roles (14%), and administrative work (10.6%), with professionals somewhat underrepresented at 16% against a national 20.5%.