Market outlook for WF2
Key indicators for buyers
The WF2 market is moderately favourable for buyers. Prices are rising at 32.2%, 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
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 £353,000 with a 25% deposit (£88k), a 2-year fixed mortgage at 3.97% costs around £1,393 per month.
Rent vs buy snapshot
Monthly cost comparison based on current data
Uses WF2 avg. price with Wakefield rental data
Monthly mortgage payments (£1,393) are £608 more than renting (£785). However, buying requires an upfront deposit of £88k — it would take around 32 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 |
|---|---|---|---|
23, THE MOUNT, WRENTHORPE WF2 0NZ | Detached | £450,000 | 20 Jan 2026 |
20, WRENTHORPE LANE, WRENTHORPE WF2 0QA | Semi-detached | £242,000 | 13 Jan 2026 |
169, LINDALE LANE, KIRKHAMGATE WF2 0RL | Detached | £510,000 | 8 Jan 2026 |
62, WHARNCLIFFE ROAD WF2 7QA | Semi-detached | £210,000 | 7 Jan 2026 |
3, BENJAMIN STREET WF2 9AN | Terraced | £100,000 | 23 Dec 2025 |
73A, CROSS LANE WF2 8DA | Semi-detached | £220,000 | 22 Dec 2025 |
39, MAJOR STREET WF2 7SD | 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.