Market outlook for WF8
Key indicators for buyers
The WF8 market looks favourable for buyers. Prices have softened (-4.6%), 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 £231,500 with a 25% deposit (£58k), a 2-year fixed mortgage at 3.97% costs around £914 per month.
Rent vs buy snapshot
Monthly cost comparison based on current data
Uses WF8 avg. price with Wakefield rental data
Monthly mortgage payments (£914) are £129 more than renting (£785). However, buying requires an upfront deposit of £58k — 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 |
|---|---|---|---|
1, DANDY MILL VIEW WF8 2UZ | Detached | £365,000 | 15 Jan 2026 |
27, KINGS MEAD WF8 4EP | Terraced | £120,000 | 9 Jan 2026 |
12, SOTHERON CROFT, DARRINGTON WF8 3AS | Semi-detached | £330,000 | 8 Jan 2026 |
12, SHOE MARKET WF8 1AP | Other | £205,000 | 6 Jan 2026 |
4, MOWELL CROFT, DARRINGTON WF8 3FD | Terraced | £162,000 | 6 Jan 2026 |
44, PROVIDENCE GREEN WF8 1ST | Semi-detached | £207,000 | 5 Jan 2026 |
8, PECAN COURT WF8 4FS | Semi-detached | £235,000 |
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.