Amenities:
Notes:
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A Mouseprice property guide for B3 Birmingham is coming soon. In the meantime, please have a look at the raw data and statistics about B3 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commentary below was written for the mouseprice.com website in 2006, please be aware that the comments below might be out of date.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 B3 is 422 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.
The average property in this postcode district was valued at £185952 over the last 3 months.
Price earnings ratio is an indicator of the affordability of property for someone on the average salary in the area. Price Earnings Ratio in this postcode district is 4.8.
New transactions as a percentage of overall sales are 56.7%.
Housing stock:
Over half of the properties in the area are Flats, at 94.3% of the total housing stock.
The least common type of property in this area is Detached Houses (0.7% 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 £215266.
Who lives here:
This is one of the youngest places in the country, with an average age of 28.5.
Single people make up 75.4% of the population in this postcode district.
People here work very hard – men work, on average, 45 hours per week, whilst women work for 5 hours less.
This area has 17.1 people per square kilometre.
This area has high unemployment at 10.7%. Those in work tend to find jobs in the Real Estate or Transport and Communication sectors.
This area has one of the highest proportions of degree educated people in the country, at 44.3%.
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