Key indicators for buyers
The WV16 market is moderately favourable for buyers. Prices have softened (-50.8%), which could present a buying opportunity. Affordability has improved from a peak of 9.4x in 2021 to 8.0x today. Rising rents (£801/mo, +3.2%) mean the cost of waiting is real.
Yearly averages · HM Land Registry Price Paid Data
2026averages · HM Land Registry Price Paid Data
House price ÷ median earnings · ONS data
Affordability data shown for wider Shropshire area
A home in Shropshire costs 8.0x the local median salary — stretched, improving from a peak of 9.4x in 2021.
Average monthly rent · ONS Private Rental Index
Rental data shown for wider Shropshire area
Average monthly rent in Shropshire is £801, up 3.2% year-on-year. Rents have risen consistently over the past five years.
2yr fixed · 75% LTV · 25yr term · BoE avg. rate
Based on the average Shropshire price of £157,475 with a 25% deposit (£39k), a 2-year fixed mortgage at 3.97% costs around £621 per month.
Monthly cost comparison based on current data
Uses WV16 avg. price with Shropshire rental data
Monthly mortgage payments (£621) are £180 less than renting (£801). However, buying requires an upfront deposit of £39k — it would take around 6 years to recoup that cost compared to renting and investing the difference.
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
1, RACECOURSE DRIVE WV16 4NR | Semi-detached | £239,950 | 29 Jan 2026 |
20, COLLIERS WAY, HIGHLEY WV16 6AW | Semi-detached | £75,000 | 9 Jan 2026 |
3, UPLANDS DRIVE WV16 5DD | Detached | £230,000 | 19 Dec 2025 |
BRIDGEWALTON HOUSE, BRIDGWALTON WV16 5NP | Detached | £325,000 | 19 Dec 2025 |
5, STALEY GROVE, HIGHLEY WV16 6FB | Semi-detached | £232,500 | 19 Dec 2025 |
1, BROOK HOLLOW WV16 4SG | Detached | £540,000 | 18 Dec 2025 |
9, ARLEY VIEW CLOSE, HIGHLEY WV16 6LW | Semi-detached |
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.
The average property in WV16 sold for £157,475 in 2026, with a median of £157,475 across 2 transactions. Prices fell 50.8% compared to the previous year.
| £185,000 |
| 17 Dec 2025 |
ROSE COTTAGE, THE COURTYARD, SOUTH ROAD, DITTON PRIORS WV16 6SJ | Terraced | £190,000 | 16 Dec 2025 |
18, ABDON CLOSE, HIGHLEY WV16 6DY | Terraced | £254,000 | 15 Dec 2025 |
14, MOAT STREET WV16 4EP | Terraced | £354,000 | 15 Dec 2025 |
2, FAIRFIELD WV16 4RY | Flat/Maisonette | £140,000 | 15 Dec 2025 |
33, WEST CASTLE STREET WV16 4AD | Terraced | £242,000 | 12 Dec 2025 |
6, HALL FARM ROAD, DITTON PRIORS WV16 6SN | Terraced | £317,500 | 12 Dec 2025 |
31, SOUTHWELL RIVERSIDE WV16 4AS | Detached | £475,000 | 12 Dec 2025 |
10, HALL FARM ROAD, DITTON PRIORS WV16 6SN | Terraced | £380,000 | 12 Dec 2025 |
10, BARKE STREET, HIGHLEY WV16 6LQ | Terraced | £127,000 | 11 Dec 2025 |
9, RIVERSIDE BUNGALOWS, HIGHLEY WV16 6NU | Detached | £100,000 | 8 Dec 2025 |
ERCALL BUNGALOW, MORVILLE WV16 5NB | Semi-detached | £240,000 | 5 Dec 2025 |
1, WHEATLANDS RISE WV16 5BQ | Detached | £605,000 | 5 Dec 2025 |
50, WOODBERRY CLOSE WV16 4PT | Terraced | £325,000 | 5 Dec 2025 |
The most recent recorded sale in WV16 was a semi-detached property on Racecourse Drive for £239,950 in January 2026. Across the last 20 sales, the median price was £242,000.