Market outlook for WF5
Key indicators for buyers
The WF5 market looks favourable for buyers. Prices have softened (-19.0%), 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 £183,250 with a 25% deposit (£46k), a 2-year fixed mortgage at 3.97% costs around £723 per month.
Rent vs buy snapshot
Monthly cost comparison based on current data
Uses WF5 avg. price with Wakefield rental data
Monthly mortgage payments (£723) are £62 less than renting (£785). However, buying requires an upfront deposit of £46k — it would take around 8 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 |
|---|---|---|---|
243D, DEWSBURY ROAD WF5 9QF | Terraced | £155,000 | 15 Jan 2026 |
15, BERRYFIELD GARTH WF5 9TE | Semi-detached | £215,000 | 15 Jan 2026 |
28, PRIORY ROAD WF5 8QL | Terraced | £185,000 | 14 Jan 2026 |
31, WILLOW GROVE WF5 0AH | Terraced | £178,000 | 8 Jan 2026 |
24, HOLLY APPROACH WF5 9TA | Terraced | £170,000 | 19 Dec 2025 |
20, HORBURY ROAD WF5 0BN | Other | £366,000 | 19 Dec 2025 |
24, VALLEY VIEW ROAD WF5 8LZ | Semi-detached | £217,500 |
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.