Market outlook for WD7
Key indicators for buyers
The WD7 market is moderately favourable for buyers. Prices have softened (-22.7%), which could present a buying opportunity. Affordability has improved from a peak of 15.5x in 2021 to 11.9x today. Rising rents (£1,787/mo, +3.4%) mean the cost of waiting is real.
Price trends
Yearly averages · HM Land Registry Price Paid Data
Prices by property type
2026averages · HM Land Registry Price Paid Data
Affordability ratio
House price ÷ median earnings · ONS data
Affordability data shown for wider Hertsmere area
A home in Hertsmere costs 11.9x the local median salary — very stretched, improving from a peak of 15.5x in 2021.
Rental trends
Average monthly rent · ONS Private Rental Index
Rental data shown for wider Hertsmere area
Average monthly rent in Hertsmere is £1,787, up 3.4% year-on-year. Rents have risen consistently over the past five years.
Monthly mortgage
2yr fixed · 75% LTV · 25yr term · BoE avg. rate
Based on the average Hertsmere price of £850,500 with a 25% deposit (£213k), a 2-year fixed mortgage at 3.97% costs around £3,356 per month.
Rent vs buy snapshot
Monthly cost comparison based on current data
Uses WD7 avg. price with Hertsmere rental data
Monthly mortgage payments (£3,356) are £1,569 more than renting (£1,787). However, buying requires an upfront deposit of £213k — it would take around 40 years to recoup that cost compared to renting and investing the difference.
Recent sales
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
9, MANOR COURT, COMMON LANE WD7 8PU | Terraced | £790,000 | 15 Jan 2026 |
64, GILLS HILL LANE WD7 8PE | Detached | £1,300,000 | 9 Jan 2026 |
3, ATHLONE CLOSE WD7 7JF | Terraced | £461,500 | 9 Jan 2026 |
10, ANDREW CLOSE, SHENLEY WD7 9LN | Terraced | £472,500 | 18 Dec 2025 |
7, HILLCREST ROAD, SHENLEY WD7 9DB | Semi-detached | £710,000 | 18 Dec 2025 |
9, HARRIS LANE, SHENLEY WD7 9ED | Detached | £855,000 | 18 Dec 2025 |
38, ORCHARD CLOSE WD7 8DN | Terraced |
Data sources (all free & public): HM Land Registry Price Paid Data & UK House Price Index · ONS Housing Affordability Ratios · ONS Private Rental Index · Bank of England Quoted Household Interest Rates · HMRC Monthly Property Transactions
Contains HM Land Registry data © Crown copyright and database right 2021. This data is licensed under the Open Government Licence v3.0.