At a Glance
Average Property Price - WV3
£256,443
29
National percentile
Average Monthly Rent - WV
£903
35
National percentile
Average Net Household Income - WV3
£34,437
28
National percentile
Flat / Maisonette Yield - WV
6.7%
98
National percentile
10-Year Annualised Price Growth - WV3
3.2%
37
National percentile
10-Year Annualised Rent Growth - WV
4.8%
92
National percentile
Property Price & Volume Trends
The average property price of £256,000 sits below the national average, placing it among the more affordable UK postcodes. Over the past decade, prices have grown at 3.2% annually—a slower pace than the national trend. Transaction activity has slowed recently, with 250 sales in the latest year compared to a 10-year average of 345 per year.
Rent & Yield Trends
Average monthly rents of £903 are below the national average. Rental growth over the past decade has been notably strong at 4.8% per year, placing it well above the national trend. The rental yield stands at 6.7%, a marked improvement on its 10-year average of 5.6%, reflecting the strength of rental demand relative to property values.
Income & Affordability Trends
Average household income of £34,437 is below the national average. The price-to-income ratio of 6.6x represents a meaningful improvement since 2016 (7.3x), indicating that property prices have become more accessible relative to earnings. Rental affordability has tightened slightly: the rent-to-income ratio has risen from 24.8% in 2016 to 25.4% today, suggesting rents are now consuming a larger share of household income.
Resident Demographic Profile
The area has a notably young profile, with over a fifth of residents under 15 and nearly a fifth aged 35–49, compared to lower national shares in both groups. Housing tenure is markedly more varied than the national norm: private renting (27.2%) and social renting (24.6%) are both well above average, while outright ownership (26.9%) is considerably lower. The employment mix is distinctive, with elementary occupations (15.1%) and caring roles (10.8%) notably overrepresented, alongside lower proportions of managers (9.2%) than the national average.