Market outlook for FY7
Key indicators for buyers
The FY7 market is moderately favourable for buyers. Prices have softened (-2.2%), which could present a buying opportunity. Affordability has improved from a peak of 7.9x in 2007 to 6.3x today. Rising rents (£713/mo, +5.7%) 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 Wyre area
A home in Wyre costs 6.3x the local median salary — moderate, improving from a peak of 7.9x in 2007.
Rental trends
Average monthly rent · ONS Private Rental Index
Rental data shown for wider Wyre area
Average monthly rent in Wyre is £713, up 5.7% 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 Wyre price of £142,625 with a 25% deposit (£36k), a 2-year fixed mortgage at 3.97% costs around £563 per month.
Rent vs buy snapshot
Monthly cost comparison based on current data
Uses FY7 avg. price with Wyre rental data
Monthly mortgage payments (£563) are £150 less than renting (£713). However, buying requires an upfront deposit of £36k — it would take around 6 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 |
|---|---|---|---|
53, BROADWAY FY7 7DG | Semi-detached | £245,000 | 23 Jan 2026 |
36, ABBOTTS WALK FY7 6QG | Terraced | £128,000 | 23 Jan 2026 |
13, WITTON GROVE FY7 8HJ | Semi-detached | £165,000 | 20 Jan 2026 |
90, LINDEL ROAD FY7 7LX | Terraced | £94,500 | 13 Jan 2026 |
108, MANOR ROAD FY7 7HX | Terraced | £135,000 | 9 Jan 2026 |
104, MARINE PARADE FY7 8RD | Semi-detached | £179,500 | 9 Jan 2026 |
17, ORCHARD DRIVE FY7 7NQ | Terraced | £97,000 |
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.