B47 (Hollywood) area guide

B47
Hollywood
The B47 postcode district lies within or includes part of the following towns, counties, localities, electoral wards and stations: Alvechurch, Billesley, Birmingham, Bromsgrove, Drakes Cross and Walkers Heath, Hillcrest Park, Hollywood, Hollywood and Majors Green, Tanners Green, Tanworth, Warwickshire, Worcestershire, Wythall, Wythall South.
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Notes:

A Mouseprice property guide for B47 Hollywood is coming soon. In the meantime, please have a look at the raw data and statistics about B47 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commentary below was written for the mouseprice.com website in 2006, please be aware that the comments below might be out of date.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:

Birmingham propertyThe size of the property market in B47 is 4015 homes.

Birmingham propertyGiven that the nominal growth rate in this postcode district (B47) 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.

Birmingham propertyOver the last 3 months, the average property value for this postcode district has been £226392.

Birmingham propertyPrice 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 8.9.

Birmingham propertyNew transactions as a percentage of overall sales are 10.2%.

Housing stock:

Hollywood propertyThe most readily available type of property in the area are Detached Houses, making up 40.3% of the total.

Hollywood propertyFlats account for the lowest percentage of the housing stock in this district, at only 8%.

Hollywood propertyThis is an area with a high proportion of property suitable for families with children.

Hollywood propertyThere is a high proportion of temporary housing in this area at 4.2%.

Hollywood propertySocially rented accommodation represents 9% of the total rented accommodation in the area.

Hollywood propertyThe majority of property in this area is owner occupied.

Hollywood propertyThe average price of a two bed property in this area is less that the national average of £187894 at £166754.

Who lives here:

Hollywood propertyHollywood propertyThis is one of the most “experienced” areas of the country, with an average age of 45.
Hollywood propertyThis area has a high percentage of married people at 20%.
Hollywood propertyAverage working hours in this area for men are 42 and for women are 30.
Hollywood propertyThis area has 8.3 people per square kilometre.
Hollywood propertyThe largest source of work in this area is Health & Social Work (17% of workers), followed by Wholesale & Retail (16.1%).