Market outlook for WF7
Key indicators for buyers
The WF7 market looks favourable for buyers. Prices have softened (-17.4%), 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 £178,083 with a 25% deposit (£45k), a 2-year fixed mortgage at 3.97% costs around £703 per month.
Rent vs buy snapshot
Monthly cost comparison based on current data
Uses WF7 avg. price with Wakefield rental data
Monthly mortgage payments (£703) are £82 less than renting (£785). However, buying requires an upfront deposit of £45k — 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 |
|---|---|---|---|
3, SNYDALE VILLAS, STREETHOUSE WF7 6BU | Terraced | £127,000 | 23 Jan 2026 |
15, MILTON GARDENS, FEATHERSTONE WF7 5DQ | Terraced | £152,500 | 23 Jan 2026 |
36, DENTON GARDENS, ACKWORTH WF7 7PA | Detached | £324,000 | 15 Jan 2026 |
120, STOBOROUGH CRESCENT, FEATHERSTONE WF7 5PE | Terraced | £160,000 | 15 Jan 2026 |
90, GIRNHILL LANE, FEATHERSTONE WF7 5NF | Terraced | £170,000 | 7 Jan 2026 |
19, MILL COTTAGES, FEATHERSTONE WF7 5DA | Terraced | £135,000 | 6 Jan 2026 |
12, MOUNT PLEASANT STREET, FEATHERSTONE WF7 6JW |
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.