Property Data OutlookWakefield
Data from Land Registry, ONS, Bank of England
Compare with another area →Market outlook for Wakefield
Key indicators for buyers
The Wakefield market looks favourable for buyers. Prices are rising at 4.0%, which may favour acting sooner rather than later. Affordability has improved from a peak of 6.4x in 2021 to 5.6x today. Rising rents (£785/mo, +4.8%) mean the cost of waiting is real.
Price trends
Average sale prices · HM Land Registry / UK HPI
Affordability ratio
House price ÷ median earnings · ONS data
A home in Wakefield costs 5.6x the local median salary — moderate, improving from a peak of 6.4x in 2021.
Rental trends
Average monthly rent · ONS Private Rental Index
Average monthly rent in Wakefield is £785, up 4.8% 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 Wakefield price of £198,833 with a 25% deposit (£50k), a 2-year fixed mortgage at 3.97% costs around £785 per month.
Rent vs buy snapshot
Monthly cost comparison based on current data
Monthly mortgage payments and rent are roughly equal at £785. However, buying requires an upfront deposit of £50k — it would take around 9 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 |
|---|---|---|---|
12, PEEL STREET, HORBURY WF4 5AU | Semi-detached | £210,000 | 27 Jan 2026 |
1, ROWLANDS AVENUE, UPTON WF9 1DG | Semi-detached | £227,000 | 26 Jan 2026 |
54, STONEY LANE, HALL GREEN WF4 3JR | Detached | £340,000 | 23 Jan 2026 |
12, KING STREET WF6 1EW | Terraced | £150,000 | 23 Jan 2026 |
OAKLANDS, FRYSTON ROAD WF10 2PX | Detached | £390,000 | 23 Jan 2026 |
57, BARNSLEY ROAD, HEMSWORTH WF9 4QZ | Terraced | £123,000 | 23 Jan 2026 |
15, MILTON GARDENS, FEATHERSTONE WF7 5DQ | Terraced |
Explore postcodes in Wakefield
10postcode districts · Click for detailed prices
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.