Postcode District:
B10
Postcode District Name:
Birmingham
Location:
The B10 postcode district lies within or includes part of the following towns, counties, localities, electoral wards and stations: Birmingham, Bordesley Green, Castle Bromwich, Nechells, Small Heath, South Yardley, Sparkbrook.
|
Amenities:
Notes:
If you have any comments about B10 that you would like to share with all visitors to this site, please feel free to post anything in our "Have your say about B10" section.
A Mouseprice property guide for B10 Birmingham is coming soon. In the meantime, please have a look at the raw data and statistics about B10 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commentary below was written for the mouseprice.com website in 2006, please be aware that the comments below might be out of date.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 B11 is 13601 homes.
When growth averages 12.4% over a 5 year period, as in this postcode district, there are a number of possible explanations, for example that this isa 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.
Over the last 3 months, the average property value for this postcode district has been £116921.
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 7.9. Given the low level of earnings in areas such as this, property prices face a ceiling unless outside impetus can be found for increases. Areas which typically have low earnings and low prices tend to be geographically isolated or suffer from outmoded transport infrastructure. They may also be situated in areas of economic difficulty which have not yet been the recipients of redevelopment or regeneration funding.
For those moving into an area like this, they may find that they are able to afford to buy a substantially bigger property than their previous home if they are able to secure employment outside the area.
Moving out of areas like this can be difficult without an offer of employment in a new location. This is because price growth lags in areas of economic deprivation, so owners there are not able to use their existing property as leverage to match their standard of living elsewhere.
New transactions as a percentage of overall sales are 0.3%.
Housing stock:
Over half of the properties in the area are Terraced Houses, at 60.3% of the total housing stock.
Detached Houses account for the lowest percentage of the housing stock in this district, at only 7.2%.
The property in this area caters well for retirees and young couples who do not have large families.
Socially rented accommodation represents a significant percentage of the total rented accommodation in the area at 24.7%.
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 £120863.
Who lives here:
There are 21486 men and 21853 women in this postcode district.
This is one of the youngest places in the country, with an average age of 26.
This area has a high percentage of married people at 32.2%.
Average working hours in this area for men are 39 and for women are 31.
This is one of the most densely populated places in the country, with 66.1 people per square kilometre.
This area has high unemployment at 7.9%. Those in work tend to find jobs in the Health & Social Work or Wholesale & Retail sectors.
|