At a Glance
Average Property Price - WN1
£238,950
24
National percentile
Average Monthly Rent - WN
£734
15
National percentile
Average Net Household Income - WN1
£32,197
15
National percentile
Flat / Maisonette Yield - WN
6.3%
92
National percentile
10-Year Annualised Price Growth - WN1
3.6%
52
National percentile
10-Year Annualised Rent Growth - WN
4.3%
73
National percentile
Property Price & Volume Trends
The average property price in WN1 is £239,000, placing it in the lower quartile nationally. Over the past decade, prices have grown at 3.6% annually—in line with the national average. Transaction activity has softened recently, with 224 sales in the latest full year against a 10-year average of 260, suggesting a modest decline in market momentum.
Rent & Yield Trends
Average monthly rent in the broader WN area stands at £734, well below the national average and among the most affordable in the country. Rent growth over the past decade has been notably strong at 4.3% per year, outpacing national averages. The flat yield has improved to 6.3%, up from a 10-year average of 5.8%, reflecting a tightening relationship between prices and rental income.
Income & Affordability Trends
Average net household income of £32,197 is below the national average. The price-to-income ratio of 5.7x has drifted slightly upwards since 2016 (when it stood at 5.6x), indicating a modest erosion in purchase affordability. Rental affordability has remained essentially flat, with rent-to-income sitting at 21.6% compared to 21.5% a decade ago.
Resident Demographic Profile
The population skews slightly older than the national average, with those aged 50–64 representing 21.2% (against the national 19.8%) and 65+ at 17.7% versus 19.6% nationally. The under-15 age group is slightly underrepresented at 16.7% compared to 17.5% nationally. Employment is notably weighted towards elementary occupations at 11.7% (above the 10.2% national average) and plant/machine operatives at 9.3% (against 6.6% nationally), whilst professional and managerial roles are less prominent than the national average.