Postcode District:
B60
Postcode District Name:
Bromsgrove
Location:
The B60 postcode district lies within or includes part of the following towns, counties, localities, electoral wards and stations: Aston Fields, Aston Fields Industrial Estate, Beacon, Blackwell, Bromsgrove, Bromsgrove Technology Park, Burcot, Charford, Dodderhill, Finstall, Hanbury, Hillside, Inkberrow, Lickey End, Linthurst, Lower Bentley, Lydiate Ash, Marlbrook, Norton, Saxon Business Park, Slideslow, St Johns, Stoke Heath, Stoke Pound, Stoke Prior, Tardebigge, Tutnall, Worcestershire.
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Amenities:
Notes:
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A Mouseprice property guide for B60 Bromsgrove is coming soon. In the meantime, please have a look at the raw data and statistics about B60 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commentary below was written for the mouseprice.com website in 2006, please be aware that the comments below might be out of date.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 B6 is 6793 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.
Average property prices in this postcode district over the last three months have been approximately £90269.
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 7. 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 0.2%.
Housing stock:
Terraced Houses make up the most significant portion of the housing stock, representing 49.7% of the total.
Detached Houses account for the lowest percentage of the housing stock in this district, at only 6.8%.
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 £99024, significantly less then the national average of £187894.
Who lives here:
Total population in this area is 19175.
This is one of the youngest places in the country, with an average age of 26.
Single people make up 37.5% of the population in this postcode district.
Average working hours in this area for men are 37 and for women are 31.
This is one of the most densely populated places in the country, with 45.7 people per square kilometre.
This area has high unemployment at 9.5%. Those in work tend to find jobs in the Health & Social Work or Wholesale & Retail sectors.
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