Property investment stats for Mirfield, Yorkshire and The Humber

• Investors can expect relatively stable returns, with a current average rental yield of 3.6% and the top-performing district at 3.6%.
• Affordability is a key selling point, with a price-to-income ratio of 4.4 and a rent-to-income ratio of 18.4%, making it accessible for both buyers and renters.
• The steady capital growth of 11.5% over three years indicates a market that rewards patience rather than speculation.

• The private rented sector is in the 19th percentile locally, so tenant demand may be more limited than in places with a younger, more mobile population.
• The population skews older, with those over 60 in the 78th percentile, which may affect long-term rental demand and market dynamism.
• Properties typically sell with a median discount of £3,975 (the typical achieved discount), suggesting buyers have some negotiating power and sellers may need to be flexible.

Over the next twelve months, Mirfield’s property market is likely to continue along its current path: steady, predictable and low on surprises. The area’s high rate of owner-occupation and low private renting suggest that buy-to-let investors should expect a slower pace and less competition from other landlords.

Asking prices for a three-bedroom house are currently £285,000, with rents at £1,300; two-bedroom flats are listed at £210,000 for sale and £795 for rent. Supply appears balanced with demand, as shown by annual sales of 264 and typical time on market of 64 days. Investors looking for reliable, if unspectacular, returns in a mature market will find Mirfield’s outlook reassuringly familiar.