At a Glance
Average Property Price - WV15
£290,706
40
National percentile
Average Monthly Rent - WV
£903
35
National percentile
Average Net Household Income - WV15
£36,949
44
National percentile
Flat / Maisonette Yield - WV
6.7%
98
National percentile
10-Year Annualised Price Growth - WV15
1.4%
5
National percentile
10-Year Annualised Rent Growth - WV
4.8%
92
National percentile
Property Price & Volume Trends
The average property price in WV15 stands at £291,000, roughly in line with the national average. However, the area has experienced notably weak long-term growth, with prices rising just 1.4% annually over the past decade—among the slowest-growing postcodes nationally. Transaction activity has also softened, with 92 sales recorded in the latest year compared to a 10-year average of 115, suggesting reduced buyer interest.
Rent & Yield Trends
Average monthly rent in the wider WV postcode area is £903, below the national average. Rental growth has been a genuine bright spot, however, rising 4.8% annually over the past decade—among the strongest increases seen nationally. The flat yield currently stands at 6.7%, up from a 10-year average of 5.6%, indicating improving returns for buy-to-let investors as rents have outpaced price growth.
Income & Affordability Trends
Average household income of £37,000 is slightly below the national median. Purchase affordability has edged slightly worse, with the price-to-income ratio rising from 8.2x in 2016 to 8.5x today. Rental affordability has also deteriorated marginally, with rent now consuming 25.4% of household income compared to 24.8% six years ago.
Resident Demographic Profile
The population skews distinctly older and more settled than the national average. Nearly a third of residents are aged 65 or over (30% vs 19.6% nationally), while those under 25 are significantly underrepresented. Outright home ownership is notably high at 44%, reflecting the older demographic and stable tenure patterns. The employment profile is dominated by managers (20% vs 13.4% nationally), whilst professionals and tradespeople are proportionally more common than average. Elementary workers and those in sales roles are less prevalent than the national norm.