At a Glance
Average Property Price - WR8
£398,962
66
National percentile
Average Monthly Rent - WR
£929
39
National percentile
Average Net Household Income - WR8
£39,823
57
National percentile
Flat / Maisonette Yield - WR
5.4%
42
National percentile
10-Year Annualised Price Growth - WR8
3.9%
63
National percentile
10-Year Annualised Rent Growth - WR
3.5%
24
National percentile
Property Price & Volume Trends
The average property price in WR8 is £399,000, placing it above the national midpoint. Over the past decade, prices have grown at 3.9% annually—slightly above the long-term national average, reflecting steady but unspectacular appreciation. Transaction volume last year totalled 100 sales, down from a 10-year average of 123, suggesting moderately reduced market activity in recent months.
Rent & Yield Trends
Average monthly rent in the broader WR postcode area stands at £929, below the national average. Rent growth over the past decade has been modest at 3.5% per year, well below the national trend. The flat yield has improved notably, rising to 5.4% from a 10-year average of 4.4%, indicating stronger rental returns in the current market.
Income & Affordability Trends
Average household net income of £39,823 sits slightly above the national midpoint. The price-to-income ratio has edged up slightly from 10.0x in 2016 to 10.5x today, suggesting modest deterioration in purchase affordability over that period. Rental affordability has improved meaningfully: the rent-to-income ratio has fallen from 26.1% to 24.8%, easing the burden on renters.
Resident Demographic Profile
The population is notably older than the national average, with over a quarter aged 65 and above compared to a national figure of just under one-fifth; the 50–64 age group is also overrepresented at nearly a quarter of residents. Owner-occupation is considerably higher than the national norm, with 45% owning outright, whilst private rental and social housing are both significantly underrepresented. The employment profile shows particular strength in managerial roles, which account for 18.2% of the workforce against a national average of 13.4%.