At a Glance
Average Property Price - WR2
£327,381
51
National percentile
Average Monthly Rent - WR
£929
39
National percentile
Average Net Household Income - WR2
£37,958
49
National percentile
Flat / Maisonette Yield - WR
5.4%
42
National percentile
10-Year Annualised Price Growth - WR2
3.7%
53
National percentile
10-Year Annualised Rent Growth - WR
3.5%
24
National percentile
Property Price & Volume Trends
The latest average property price of £327,000 sits at the national midpoint, reflecting a balanced market position. Over the past decade, prices have grown by 3.7% annually—close to the national pace. Transaction activity has slowed: 425 sales were recorded in the latest full year, down from a 10-year average of 514, suggesting a quieter market than its recent norm.
Rent & Yield Trends
Monthly rents average £929 across the broader WR postcode, placing them below the national average. Rental growth over the past decade has been sluggish at 3.5% annually, trailing national trends. The current flat yield of 5.4% represents a marked improvement on the 10-year average of 4.4%, reflecting stronger returns for landlords in the present market.
Income & Affordability Trends
Average household income of £38,000 falls just below the national midpoint. Purchase affordability has tightened: the price-to-income ratio now stands at 8.7x, up from 7.6x in 2016, meaning homes require greater income multiples to access. Rental affordability has conversely improved, with rent consuming 24.8% of income compared to 26.1% in 2016.
Resident Demographic Profile
The population is notably older than average, with a substantial 22.2% aged 65 and over against a national 19.6%, and 20.4% aged 50–64 versus 19.8% nationally. Housing tenure reflects strong ownership: 38.8% own outright (well above the 33.7% national average) and a further 30.2% own with a mortgage. Private rental and social rented sectors are both below national proportions. The employment profile is largely balanced with no sharp deviations from national patterns.