At a Glance
Average Property Price - WR15
£391,184
65
National percentile
Average Monthly Rent - WR
£929
39
National percentile
Average Net Household Income - WR15
£36,332
40
National percentile
Flat / Maisonette Yield - WR
5.4%
42
National percentile
10-Year Annualised Price Growth - WR15
4.7%
85
National percentile
10-Year Annualised Rent Growth - WR
3.5%
24
National percentile
Property Price & Volume Trends
The latest average property price of £391,000 sits above the national middle ground. Over the past decade, the area has experienced notably strong price growth at 4.7% per year, significantly outpacing the typical national trend. However, transaction activity has softened: 81 sales in the latest full year compare to a 10-year average of 99, suggesting a cooling in market momentum.
Rent & Yield Trends
Average rents of £929 per month are markedly below the national average, reflecting the rural setting. Rental growth has been modest at 3.5% annually, well below typical national performance. The current flat yield of 5.4% represents a healthy improvement on the 10-year average of 4.4%, indicating strengthening returns for landlords despite the softer rental growth backdrop.
Income & Affordability Trends
Average household income of £36,332 is below the national average. The price-to-income ratio has risen to 9.8x from 8.6x in 2016, meaning homes have become less affordable for local buyers despite modest income levels. By contrast, rental affordability has improved modestly: the rent-to-income ratio has fallen from 26.1% to 24.8%, easing the burden on tenants slightly.
Resident Demographic Profile
WR15 is notably older than the national average, with over 29% of the population aged 65 and above compared to 19.6% nationally, and only 7.6% aged 16–24 against the national norm of 11%. Housing tenure is characterised by very high outright ownership at 48.4%, nearly one-and-a-half times the national average, reflecting the age profile. The employment structure shows particular strength in trades (16.5% versus 10.5% nationally) and managerial roles (16.7% versus 13.4%), with fewer people in sales and administrative work.