Postcode District:
AL8
Postcode District Name:
Welwyn Garden City
Location:
The AL8 postcode district lies within or includes part of the following towns, counties, localities, electoral wards and stations: Handside, Hatfield North, Hertfordshire, Lemsford, Peartree, Sherrards, Welwyn Garden City.
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Amenities:
Notes:
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A Mouseprice property guide for AL8 Welwyn Garden City is coming soon. In the meantime, please have a look at the raw data and statistics about AL8 that can be found by click the relevant links on the left hand side.
Old area guide:
The commentary below was written for the mouseprice.com website in 2006, please be aware that the comments below might be out of date. We recommend disregarding these comments in favour of the data that can be found either above or in the other sections of this website.
Market trends:
 The size of the property market in AL8 is 5606 homes.
When growth averages 9% over a 5 year period, as in this postcode district, there are a number of possible explanations, for example that this isan area which has invested in improving housing stock, transport links or other local infrastructure. It may also suggest proximity to an area of economic growth such as one of the financial clusters (London, Leeds, Bristol etc.) or strong local presence in growth industries (for example investment in university facilities, attractiveness of an area to IT companies or other knowledge- based organisations).
Over the last 3 months, the average property value for this postcode district has been £289198.
Since most banks lend money to buy property using their customers’ salary as a indicator of affordability, the price earnings ratio is a useful guide as to whether property in an area is expensive or not. Price Earnings Ratio in this postcode district is 10. Places like this represent the “well- heeled” districts of each postcode area. Although recently there have been some spectacular price increases in more expensive areas, in general, prices appreciate slowly in more expensive places because there is less demand for more expensive properties, and the turnover of them is slower because they are not commonly used as investment property.
New transactions as a percentage of overall sales are 3.8%.
Housing stock:
The most commonly found type of housing in this area are Terraced Houses, making up 34% of the housing stock.
Flats account for the lowest percentage of the housing stock in this district, at only 16.9%.
Socially rented accommodation represents a significant percentage of the total rented accommodation in the area at 22.3%.
The majority of property in this area is owner occupied.
The average price of a two bed property in this area is less that the national average of £187894 at £172921.
Who lives here:
The average age in this area is 41.
This area has a high percentage of married people at 23.5%.
Average working hours in this area for men are 42 and for women are 31.
This area has 7 people per square kilometre.
Job prospects in this area are good with low unemployment (1.8%). Most jobs are found in the Real Estate and Wholesale & Retail sectors.
This area has one of the highest proportions of degree educated people in the country, at 31.6%.
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