Market outlook for WF4
Key indicators for buyers
The WF4 market looks favourable for buyers. Prices have softened (-12.3%), 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 £220,556 with a 25% deposit (£55k), a 2-year fixed mortgage at 3.97% costs around £870 per month.
Rent vs buy snapshot
Monthly cost comparison based on current data
Uses WF4 avg. price with Wakefield rental data
Monthly mortgage payments (£870) are £85 more than renting (£785). However, buying requires an upfront deposit of £55k — it would take around 11 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 |
54, STONEY LANE, HALL GREEN WF4 3JR | Detached | £340,000 | 23 Jan 2026 |
14, SHUTTLE EYE WAY, GRANGE MOOR WF4 4UN | Detached | £380,000 | 22 Jan 2026 |
17, PUGNEYS AVENUE, CRIGGLESTONE WF4 3FT | Semi-detached | £295,000 | 16 Jan 2026 |
2, MILL LANE, RYHILL WF4 2AL | Semi-detached | £72,000 | 16 Jan 2026 |
73, REGINA CRESCENT, HAVERCROFT WF4 2ER | Semi-detached | £83,000 | 15 Jan 2026 |
8, GEORGE STREET, RYHILL WF4 2DE |
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.