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B18 (Birmingham) area guide
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Postcode District:
B18
Postcode District Name:
Birmingham
Location:
The B18 postcode district lies within or includes part of the following towns, counties, localities, electoral wards and stations: Aston, Birmingham, Hockley, Ladywood, Soho, Soho and Victoria, Winson Green.
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History:
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Present Day:
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Amenities:
Notes:
If you have any comments about B18 that you would like to share with all visitors to this site, please feel free to post anything in our "Have your say about B18" section.
A Mouseprice property guide for B18 Birmingham is coming soon. In the meantime, please have a look at the raw data and statistics about B18 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commentary below was written for the mouseprice.com website in 2006, please be aware that the comments below might be out of date.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 B18 is 4760 homes.
Given that the nominal growth rate in this postcode district (B18) has been about 12.4% over the last 5 years, it would be reasonable to assume 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.
During the last 3 months, property in this postcode district has averaged a value of £129701.
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 8.5.
New transactions as a percentage of overall sales are 34.8%.
Housing stock:
Over half of the properties in the area are Terraced Houses, at 51% of the total housing stock.
The least common type of property in this area is Detached Houses (5.7% 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 £193822.
Who lives here:
The population of this postcode district is 11004.
The average age in this area is 30.
Single people make up 48.3% of the population in this postcode district.
Average working hours in this area for men are 39 and for women are 32.
This area has 35 people per square kilometre.
This area has high unemployment at 10.1%. Those in work tend to find jobs in the Health & Social Work or Health & Social Work sectors.
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