At a Glance
Average Property Price - WV5
£368,891
60
National percentile
Average Monthly Rent - WV
£903
35
National percentile
Average Net Household Income - WV5
£36,169
39
National percentile
Flat / Maisonette Yield - WV
6.7%
98
National percentile
10-Year Annualised Price Growth - WV5
4.8%
86
National percentile
10-Year Annualised Rent Growth - WV
4.8%
92
National percentile
Property Price & Volume Trends
The average property price in WV5 stands at £369,000, placing it around the middle of the national market. Over the past decade, prices have grown at 4.8% annually—among the fastest rates nationally. However, transaction activity has softened; the latest year recorded 170 sales against a 10-year average of 213, suggesting a cooling in local market momentum.
Rent & Yield Trends
Average monthly rent across the broader WV postcode area is £903, well below the national average. Rental growth over the past decade has been strong at 4.8% annually, among the fastest nationally. The current flat yield of 6.7% is notably higher than the 10-year average of 5.6%, indicating improved returns for investors in recent months.
Income & Affordability Trends
Average net household income in WV5 is £36,169, below the national average. Affordability for purchase has deteriorated; the price-to-income ratio now stands at 9.9x, up sharply from 7.6x in 2016, reflecting faster price growth than wage growth. Rental affordability has also weakened slightly, with the rent-to-income ratio rising from 24.8% to 25.4% over the same period.
Resident Demographic Profile
The population is substantially older than the national average: those aged 50–64 represent 24% (versus 19.8% nationally) and those 65+ make up 27.1% (against 19.6% nationally), while young adults aged 16–24 are notably underrepresented at 8.3%. Housing tenure is distinctive, with 43.9% owning outright—well above the national 33.7%—and private rental at just 12%, half the national share. Employment is weighted towards managers at 17% (against 13.4% nationally) and administrative roles at 11.5%, with fewer elementary workers at 7.3% than the national 10.2%.