At a Glance
Average Property Price - WV12
£219,935
18
National percentile
Average Monthly Rent - WV
£903
35
National percentile
Average Net Household Income - WV12
£33,215
21
National percentile
Flat / Maisonette Yield - WV
6.7%
98
National percentile
10-Year Annualised Price Growth - WV12
4.5%
81
National percentile
10-Year Annualised Rent Growth - WV
4.8%
92
National percentile
Property Price & Volume Trends
The average property price in WV12 is £220,000, which is notably below the national average—among the cheapest 18% of postcodes nationally. However, the area has experienced strong price growth over the past decade, with annual growth of 4.5%, placing it among the fastest-growing postcodes in the country. Transaction activity has moderated recently, with 237 sales in the latest full year compared to a 10-year average of 291.
Rent & Yield Trends
The average monthly rent in the broader WV postcode area is £903, below the national average. Rental growth has been robust, rising at 4.8% annually over the past decade—among the fastest nationally. The current flat yield stands at 6.7%, meaningfully above its 10-year average of 5.6%, reflecting improved returns for buy-to-let investors.
Income & Affordability Trends
Average net household income is £33,215, in the lower fifth of postcodes nationally. Affordability for purchasers has tightened: the price-to-income ratio has risen from 5.2x in 2016 to 6.0x today, indicating that homes now require a larger multiple of local earnings to purchase. Rental affordability has also softened slightly, with the rent-to-income ratio increasing from 24.8% to 25.4% over the same period.
Resident Demographic Profile
The population skews older than average, with 21.5% aged 65 and over compared to the national average of 19.6%. Outright home ownership is notably high at 39.5%, well above the national average of 33.7%, while private renting is unusually low at 12.5% against the national norm of 21.7%. The employment profile is weighted towards trades and elementary occupations, which together account for 26.9% of the workforce, significantly above the national combined figure of 20.7%; conversely, professional and managerial roles are underrepresented.