Amenities:
Notes:
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A Mouseprice property guide for B2 Birmingham is coming soon. In the meantime, please have a look at the raw data and statistics about B2 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commentary below was written for the mouseprice.com website in 2006, please be aware that the comments below might be out of date.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 B2 is 121 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.
The average property in this postcode district was valued at £143568 over the last 3 months.
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 6.4.
New transactions as a percentage of overall sales are 52%.
Housing stock:
Over half of the properties in the area are Flats, at 78.5% of the total housing stock.
For those buyers keen to purchase Detached Houses, this would not be an ideal area, because only 3.3% are this type.
The property in this area caters well for retirees and young couples who do not have large families.
There is a high proportion of temporary housing in this area at 2.5%.
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 £205480.
Who lives here:
The population of this postcode district is 140.
The average age in this area is 35.
Single people make up 51.5% of the population in this postcode district.
People here work very hard – men work, on average, 42 hours per week, whilst women work for 2 hours less.
This area has 2.7 people per square kilometre.
This area has high unemployment at 12.7%. Those in work tend to find jobs in the Real Estate or Wholesale & Retail sectors.
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