Market outlook for WN1
Key indicators for buyers
The WN1 market looks favourable for buyers. Prices have softened (-47.3%), which could present a buying opportunity. Rising rents (£727/mo, +7.0%) 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 Wigan area
A home in Wigan costs 5.9x the local median salary — moderate, improving from a peak of 6.3x in 2022.
Rental trends
Average monthly rent · ONS Private Rental Index
Rental data shown for wider Wigan area
Average monthly rent in Wigan is £727, up 7.0% 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 Wigan price of £115,600 with a 25% deposit (£29k), a 2-year fixed mortgage at 3.97% costs around £456 per month.
Rent vs buy snapshot
Monthly cost comparison based on current data
Uses WN1 avg. price with Wigan rental data
Monthly mortgage payments (£456) are £271 less than renting (£727). However, buying requires an upfront deposit of £29k — it would take around 4 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 |
|---|---|---|---|
5, WALNUT AVENUE WN1 3XE | Semi-detached | £90,000 | 9 Jan 2026 |
7, WALNUT AVENUE WN1 3XE | Semi-detached | £75,000 | 9 Jan 2026 |
8, WALNUT AVENUE WN1 3XE | Semi-detached | £70,000 | 9 Jan 2026 |
6, WALNUT AVENUE WN1 3XE | Semi-detached | £70,000 | 9 Jan 2026 |
2, BALNIEL WALK WN1 3UU | Semi-detached | £273,000 | 7 Jan 2026 |
144, DARLINGTON STREET EAST WN1 3BH | Terraced | £115,000 | 19 Dec 2025 |
7, HEELEY STREET WN1 2HN | Semi-detached | £215,000 |
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.