House prices in Wakefield fall below average

Stagnated pay is a barrier to home ownership in the Wakefield district, the report suggests.  Pictures courtesy of Wakefield Council.
Stagnated pay is a barrier to home ownership in the Wakefield district, the report suggests. Pictures courtesy of Wakefield Council.

The average price of a house in the Wakefield district currently stands at around £157,000, a report on the state of local housing has revealed.

The figure marks a rise of around £12,000 from the last public estimate of house prices in the area last July, and the cost of a mortgage remains significantly lower here than the UK average.

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A Wakefield Council report said that housing in the area was “attractive and affordable” to people who work outside of the district because “wages are higher” elsewhere.

However, it added that those working locally were finding it harder to buy a home.

The report said: “Despite modest house price rises and the earnings gap between Wakefield district residents and the Leeds City Region and England averages narrowing in recent years, local pay appears to have stagnated, meaning that housing affordability for people on lower wages continues to be more difficult.

“Every local authority in England has serious issues with meeting affordable housing need therefore the problem is not unique to Wakefield, and it is much worse in many other authorities.”

Councillors will discuss a new housing plan at a Cabinet meeting next week.

This will see a continuation of several long-standing policies, including the necessity for at least 30 per cent of all new homes to be deemed affordable.

The local authority has also said it is committed to raising standards of living for those renting in the private sector.

The report said that a survey of such homes in Wakefield estimated that around 12 per cent had a Category 1 hazard – the potential to seriously impact on people’s health.

The report added: “The most common causes are trips and falls, dampness and excess cold hazards.

“Often these hazards are due to the construction of the property or a lack of simple home maintenance.”

Speaking ahead of next week’s meeting, the authority’s deputy leader Denise Jeffery said: “Everyone deserves to live in a warm and comfortable home where they feel safe and secure.”

Between 2013 and 2018, more than 6,600 new homes were built in Wakefield. 1,396 of these were classed as affordable.