At a Glance
Average Property Price - WV1
£179,949
7
National percentile
Average Monthly Rent - WV
£903
35
National percentile
Average Net Household Income - WV1
£30,667
10
National percentile
Flat / Maisonette Yield - WV
6.7%
98
National percentile
10-Year Annualised Price Growth - WV1
7.0%
99
National percentile
10-Year Annualised Rent Growth - WV
4.8%
92
National percentile
Property Price & Volume Trends
The average property price in WV1 is £180,000, placing it among the cheapest in the country. Despite this affordability, the district has recorded annualised price growth of 7.0% over the past decade—among the fastest nationally. Transaction activity has slowed notably: 63 properties changed hands in the latest full year, compared with a 10-year average of 96 per year.
Rent & Yield Trends
Average monthly rent across the broader WV postcode area stands at £903, below the national average. However, rental growth has been robust, with rents rising at 4.8% per year over the past decade—significantly faster than the national trend. Yields have expanded: the current flat yield of 6.7% is substantially above the 10-year average of 5.6%, reflecting both the affordability of entry-level prices and strengthening rental demand.
Income & Affordability Trends
Average net household income of £31,000 is notably below the national average, placing the area among the lowest-income districts in the country. This affordability pressure is reflected in the price-to-income ratio of 5.2x, which has deteriorated since 2016 (when it stood at 4.8x), signalling that properties have become less affordable relative to local earnings. Rental affordability has also tightened, with the rent-to-income ratio rising from 24.8% in 2016 to 25.4% today.
Resident Demographic Profile
WV1 has a markedly younger profile than the national average, with 22.2% of the population under 15 and 13.2% aged 16–24, compared with national averages of 17.5% and 11.0%. The housing tenure profile is dominated by rental and social housing: 28.8% live in private rented accommodation and 38% in social rented homes—both far above national averages—whilst only 17.9% own their home outright, well below the 33.7% national figure. The employment mix is heavily weighted towards elementary occupations (20.2%, against a national average of 10.2%) and plant/machine operatives (13.0%, versus 6.6% nationally), whilst professional and managerial roles are significantly underrepresented.