Market outlook for WF1
Key indicators for buyers
The WF1 market looks favourable for buyers. Prices have softened (-17.5%), which could present a buying opportunity. 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
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 Wakefield area
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
Rental data shown for wider Wakefield area
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 £173,700 with a 25% deposit (£43k), a 2-year fixed mortgage at 3.97% costs around £685 per month.
Rent vs buy snapshot
Monthly cost comparison based on current data
Uses WF1 avg. price with Wakefield rental data
Monthly mortgage payments (£685) are £100 less than renting (£785). However, buying requires an upfront deposit of £43k — it would take around 7 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 |
|---|---|---|---|
21, WARWICK STREET WF1 5BJ | Semi-detached | £115,500 | 15 Jan 2026 |
74, HOWDEN WAY, EASTMOOR WF1 4LW | Semi-detached | £188,000 | 12 Jan 2026 |
14, NEWLAND STREET WF1 5AH | Terraced | £90,000 | 9 Jan 2026 |
5, PLOVER CRESCENT WF1 2GW | Semi-detached | £275,000 | 9 Jan 2026 |
4, BIRCHTREE CLOSE WF1 4TF | Semi-detached | £200,000 | 9 Jan 2026 |
5B, THE KILNS, 293, BRADFORD ROAD WF1 2BL | Flat/Maisonette | £110,000 | 22 Dec 2025 |
31, CELADON AVENUE WF1 2HH | Semi-detached |
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.