At a Glance
Average Property Price - WV16
£309,660
45
National percentile
Average Monthly Rent - WV
£903
35
National percentile
Average Net Household Income - WV16
£35,440
34
National percentile
Flat / Maisonette Yield - WV
6.7%
98
National percentile
10-Year Annualised Price Growth - WV16
3.2%
34
National percentile
10-Year Annualised Rent Growth - WV
4.8%
92
National percentile
Property Price & Volume Trends
The average property price of £310,000 sits close to the national midpoint. Over the past decade, prices have grown at 3.2% annually—a below-average rate compared with the wider UK market. Transaction activity has softened, with 188 sales last year against a 10-year average of 258, indicating a quieter market than historical norms.
Rent & Yield Trends
Rental costs average £903 per month across the broader WV postcode area, placing them below the national average. Rents have climbed at 4.8% annually over ten years, a pace well above the national trend. The flat yield currently stands at 6.7%, a meaningful improvement from its 10-year average of 5.6%, reflecting stronger rental returns for investors.
Income & Affordability Trends
Average household income of £35,440 is below the national level. The price-to-income ratio of 8.5x has worsened since 2016 (when it stood at 7.8x), indicating that property prices have outpaced income growth and affordability has declined. Rental affordability has also tightened, with rents now consuming 25.4% of household income compared with 24.8% in 2016.
Resident Demographic Profile
The population skews significantly older, with nearly 30% aged 65 and over—well above the national average of 20%—and a notably smaller share of young people, particularly those aged 16–24 at just 7.5%. Housing tenure is marked by a strong bias towards outright ownership at 47%, reflecting the older demographic profile. The employment mix shows above-average concentrations of managers and tradespeople, with a proportionally smaller professional workforce than nationally.