Wrenthorpe Property Market Update June 2016

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Our research has revealed that the average sale price achieved by our team here in the last 12 months was £212,666 – more than £16,000 higher than the overall average sale price of a Wrenthorpe home, which stands at £195,997.

What’s more, with our expertise, those homeowners selling their property with us typically achieved 99% of their asking prices – and the average time on the market, from instruction to sale agreed, was just 38 days. 

Our analysis of a range of independent data from Land Registry also explored the health of the wider property market.  It found that the majority of all house sales in family-friendly Wrenthorpe during the last year were detached properties. These on average sold for £256,652.

Semi-detached properties had an average sold price of £144,348, and terraced properties averaged at £134,678.

Wrenthorpe, with an overall average price of £195,997, was more expensive than nearby Outwood (£147,083), Wakefield centre (£167,135) and East Ardsley (£145,018).

Sold prices in Wrenthorpe are 9% up on 2013, when they averaged at £179,444.

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So what are the factors driving this resurgence? Well, the fact it nestles in the heart of the world-famous Rhubarb Triangle has seen its profile soar. It is also a magnet for commuters – uniquely positioned with both the M1 to Leeds and Sheffield, plus the M62 linking Manchester and Hull, just a few minutes’ away.

It is also in the catchment of excellent schools - Wrenthorpe Primary School, Jerry Clay Academy, Outwood Primary and Outwood Academy are all close-by. 

As are the fee-paying options of the picturesque Silcoates School, and Wakefield Girls’ High School and Queen Elizabeth Grammar School. Here, former England rugby captain Mike Tindall – husband of HRH The Princess Royal’s daughter, Zara Phillips – was educated.

Its sporting pedigree extends further, thanks to Wrenthorpe Cricket Club, whose senior teams play in the Central Yorkshire Cricket League 

And Wrenthorpe Rangers are a local football club with junior teams from U6 through to U18s and field open-age teams that compete in the Wakefield Sunday League. 

With New Park recreation ground a popular local amenity, Wrenthorpe retains a rare family-friendly feel and culture. 

It remains one of the most sought-after suburbs to live in Wakefield, retaining a strong community with a friendly village feel that appeals to our buyers. They tell us that it is one of the key reasons they are attracted to the area.

Not surprisingly, population research we have carried out shows that this demand for homes in Wrenthorpe is likely to increase further in the future as the local ageing population continues to grow.

Within this population, well over half are economically active ensuring high degrees of spending power. Over two-thirds of properties are owner-occupied.

By 2028, this area’s population is expected to have risen by 10%. An increasing number is aged under 15 – highlighting the demand we see among buyers for good-sized family homes.

Another common theme to expect is a rise in the number of elderly people with assets who want to enjoy a comfortable retirement.

*Data sourced from Land Registry, last updated 29th April 2016. Demographic information taken from Experian report Oct 2015.

To find out how much your property is worth why not try our instant valuation http://valuation.linleyandsimpson.co.uk/ , or to request your full market appraisal please click here http://www.linleyandsimpson.co.uk/book-a-free-market-appraisal/book-a-free-market-appraisal/


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