Postcode District:
B1
Postcode District Name:
Birmingham
Location:
The B1 postcode district lies within or includes part of the following towns, counties, localities, electoral wards and stations: Birmingham, Hockley, Ladywood, Nechells.
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Amenities:
Notes:
If you have any comments about B1 that you would like to share with all visitors to this site, please feel free to post anything in our "Have your say about B1" section.
A Mouseprice property guide for B1 Birmingham is coming soon. In the meantime, please have a look at the raw data and statistics about B1 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commentary below was written for the mouseprice.com website in 2006, please be aware that the comments below might be out of date.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 B1 is 1757 homes.
When compared against a national average compound annual growth rate (CAGR) over the last 5 years of 12.5%, the growth in this postcode district has been 12.4%. This could well be because this is a dynamic local economy and housing market. Property price growth in this area has significantly exceeded growth in earnings and the national average house price growth, and so the likelihood of it continuing will be dependent upon price earnings ratio, as well as investment by developers and local authorities in continually upgrading local infrastructure, schools, in addition to the continued strength of the local and national economies and any other economies upon which the area depends.
Average property prices in this postcode district over the last three months have been approximately £206290.
When examining the ability of consumers to further extend themselves in the face of increasing property prices, many commentators pay close attention to the price earnings ratio. Price Earnings Ratio in this postcode district is 10.1.
New transactions as a percentage of overall sales are 62.2%.
Housing stock:
Over half of the properties in the area are Flats, at 76.1% of the total housing stock.
The least common type of property in this area is Detached Houses (1.9% of the total housing stock).
The property in this area caters well for retirees and young couples who do not have large families.
A high proportion of property in this area is socially rented.
A lower than average proportion of property in this area is owner occupied. This suggests that there is a very healthy rental market.
The average price of a two bed property in this area is higher than the national average of £187894 at £229060.
Who lives here:
The population of this postcode district is 3318.
This is one of the youngest places in the country, with an average age of 28.
Single people make up 70.5% of the population in this postcode district.
Average working hours in this area for men are 40 and for women are 30.
This area has 31.8 people per square kilometre.
This area has high unemployment at 9.5%. Those in work tend to find jobs in the Real Estate or Financial Intermediation sectors.
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