Mortgages · Wakefield

Mortgages in Wakefield. The typical home needs £19,928 down.

The average home in Wakefield is £199,283 in the UK House Price Index for August 2026, up 2.9% on a year earlier. With a 10% deposit of £19,928, you would borrow £179,355.

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Mortgages in Wakefield: a Homie illustration

£199,283average home, UK HPI
£19,92810% deposit
£39,857household income at 4.5× the loan
£0stamp duty for a first-time buyer

The short answer

Mortgages in Wakefield, in 30 seconds

The price: The average home in Wakefield is £199,283.
The deposit: 10% is £19,928. 5% deposit mortgages exist, but the rates are higher.
The income: Many lenders cap borrowing at around 4.5 times income, so a £179,355 loan needs roughly £39,857 a year, alone or jointly.
The advice: A free consultation with a specialist adviser looks at deals across the market for your own numbers.

Ten years of prices

Wakefield house prices since 2016

From £129,692 to £199,283. Up 18.9% over five years.

Average price each year to August 2026, Wakefield.

Nearby

How Wakefield compares with its neighbours

Average home in each council area, with the change over five years.

Leeds £246,385+20%
Dewsbury £208,427+24.1%
Wakefield £199,283+18.9%
Halifax £197,651+26.8%
Bradford £185,297+24.6%

FAQ

Mortgages in Wakefield: your questions

How much deposit do I need to buy in Wakefield?

At the average price of £199,283, a 10% deposit is £19,928 and 5% is £9,964. A bigger deposit usually unlocks lower rates.

What salary do I need for a mortgage in Wakefield?

With 10% down on the average home, the loan is £179,355. At 4.5 times income that means around £39,857 a year. Each lender sets its own limits, so treat this as a starting point.

Have Wakefield house prices gone up?

Over five years the average home is up 18.9%, and over the last year it is up 2.9%.

How do Wakefield house prices compare with nearby towns?

The average home in Wakefield is £199,283. It costs more in Leeds (£246,385) and Dewsbury (£208,427). It costs less in Halifax (£197,651) and Bradford (£185,297).

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