At a Glance
Average Property Price - WV8
£340,023
54
National percentile
Average Monthly Rent - WV
£903
35
National percentile
Average Net Household Income - WV8
£37,343
46
National percentile
Flat / Maisonette Yield - WV
6.7%
98
National percentile
10-Year Annualised Price Growth - WV8
4.8%
86
National percentile
10-Year Annualised Rent Growth - WV
4.8%
92
National percentile
Property Price & Volume Trends
The latest average property price in WV8 stands at £340,000, placing it slightly above the national median. Over the past decade, the area has experienced annualised price growth of 4.8%, which ranks among the fastest-growing postcodes nationally. Transaction activity in the latest year reached 148 sales, down from a 10-year average of 207, indicating a slower market than its historical norm.
Rent & Yield Trends
Average monthly rent in the broader WV area is £903, considerably below the national average. Rents have grown at 4.8% per year over the past decade, a pace among the strongest nationally. The flat yield currently stands at 6.7%, notably above its 10-year average of 5.6%, reflecting improving returns for buy-to-let investors.
Income & Affordability Trends
Average household income in WV8 is £37,343, slightly below the national median. The price-to-income ratio stands at 8.2x, having worsened from 7.5x in 2016, signalling that properties have become less affordable relative to local earnings. Rental affordability has similarly tightened: the rent-to-income ratio has risen from 24.8% to 25.4%, meaning tenants are dedicating a larger share of their income to housing costs.
Resident Demographic Profile
WV8 has a notably older population profile, with over-65s representing 22.4% of residents against a national average of 19.6%. Young adults aged 16–24 are substantially underrepresented at 8.9% versus the national 11.0%. Housing tenure is characterised by high outright ownership at 38.8%, well above the national 33.7%, while private rented tenure is markedly low at 12.1% against the national 21.7%. The employment mix skews slightly towards professionals and technical workers, with administrative roles more common than the national average.