At a Glance
Average Property Price - WR12
£511,251
81
National percentile
Average Monthly Rent - WR
£929
39
National percentile
Average Net Household Income - WR12
£39,957
58
National percentile
Flat / Maisonette Yield - WR
5.4%
42
National percentile
10-Year Annualised Price Growth - WR12
2.5%
16
National percentile
10-Year Annualised Rent Growth - WR
3.5%
24
National percentile
Property Price & Volume Trends
The latest average property price in WR12 is £511,000, placing it among the most expensive nationally. However, 10-year annualised growth of 2.5% is well below the national average, reflecting slower capital appreciation in the area. Transaction volumes have declined noticeably: 79 sales in the latest full year compared to a 10-year average of 118, suggesting a more subdued market.
Rent & Yield Trends
Average monthly rent of £929 is below the national midpoint, reflecting the area's rural character and lower-cost rental profile. Rent growth has been modest at 3.5% annually over a decade, below the national average. Yields have improved materially, however: the current flat yield of 5.4% is notably above the 10-year average of 4.4%, indicating strengthened rental returns relative to purchase prices.
Income & Affordability Trends
Household incomes average £39,957, close to the national median. Purchase affordability has deteriorated: the price-to-income ratio stands at 16.9x, up from 15.1x in 2016, meaning property has become less affordable relative to earnings. Rental affordability has improved slightly, with rent-to-income now at 24.8% against 26.1% in 2016.
Resident Demographic Profile
WR12 has a distinctly older age profile: 32.3% are aged 65 and over, compared to 19.6% nationally, while those under 25 are significantly underrepresented at just 7.6% of the population. Housing tenure skews heavily toward outright ownership at 45.6%, well above the national average of 33.7%, reflecting the settled, mature character of residents. The employment mix is dominated by managers (18.1%) and trades (12.9%), both above national norms, with professionals slightly below average at 16.5%.