At a Glance
Average Property Price - WR1
£271,211
34
National percentile
Average Monthly Rent - WR
£929
39
National percentile
Average Net Household Income - WR1
£34,454
28
National percentile
Flat / Maisonette Yield - WR
5.4%
42
National percentile
10-Year Annualised Price Growth - WR1
3.9%
62
National percentile
10-Year Annualised Rent Growth - WR
3.5%
24
National percentile
Property Price & Volume Trends
The average property price in WR1 is £271,000, below the national average. Annual price growth over the past decade has averaged 3.9%, slightly above the national median, suggesting steady if unspectacular appreciation. Transaction volumes have declined notably: the latest year saw 166 sales against a ten-year average of 228, indicating softer recent activity.
Rent & Yield Trends
Average monthly rent stands at £929, modestly below the national average. Rental growth over ten years has averaged 3.5%, below the national pace, suggesting restrained demand in the lettings market. The flat yield has risen to 5.4%, up from a ten-year average of 4.4%, reflecting current rental income relative to property values and pointing to improved income potential for landlords.
Income & Affordability Trends
Net household income averages £34,454, notably below the national median. The price-to-income ratio of 6.5x represents meaningful improvement since 2016, when it stood at 7.0x, indicating that affordability for purchase has genuinely strengthened. Rental affordability has also improved: the rent-to-income ratio has fallen from 26.1% to 24.8%, suggesting less pressure on household budgets for renters.
Resident Demographic Profile
The area has a notably younger profile than England overall, with 14.2% aged 16–24 (above the 11.0% national average) and 25–34 year-olds making up 18.8% compared to 13.4% nationally. Private rented tenure dominates at 37.1%, far above the national 21.7%, while outright ownership at 25.1% is below the national 33.7%, reflecting the area's appeal to younger, mobile populations. The workforce skews slightly towards technical roles (14.1% vs 13.2% nationally) and elementary work (12.1% vs 10.2%), with notably fewer in managerial positions (11% vs 13.4%).