B65 (Rowley Regis) area guide

B65
Rowley Regis
The B65 postcode district lies within or includes part of the following towns, counties, localities, electoral wards and stations: Blackheath, Halesowen, Halesowen North, Langley, Rowley, Rowley Regis, Rowley Village, Tividale.
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Notes:

A Mouseprice property guide for B65 Rowley Regis is coming soon. In the meantime, please have a look at the raw data and statistics about B65 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commentary below was written for the mouseprice.com website in 2006, please be aware that the comments below might be out of date.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 B65 is 9918 homes.

Birmingham propertyWhen 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.

Birmingham propertyDuring the last 3 months, property in this postcode district has averaged a value of £113530.

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 7.9. 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.

Birmingham propertyNew transactions as a percentage of overall sales are 1.5%.

Housing stock:

Rowley Regis propertyThe most readily available type of property in the area are Semi- Detached Houses, making up 47.4% of the total.

Rowley Regis propertyThe least common type of property in this area is Detached Houses (13.5% of the total housing stock).

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

Rowley Regis propertyA high proportion of property in this area is socially rented.

Rowley Regis propertyThe majority of property in this area is owner occupied.

Rowley Regis propertyThe average price of a two bed property in this area is £105388, significantly less then the national average of £187894.

Who lives here:

Rowley Regis propertyRowley Regis propertyThe average age in this area is 37.
Rowley Regis propertyThis area has a high percentage of married people at 27.4%.
Rowley Regis propertyAverage working hours in this area for men are 42 and for women are 30.
Rowley Regis propertyThis area has 35.5 people per square kilometre.
Rowley Regis propertyThe largest source of work in this area is Health & Social Work (27.9% of workers), followed by Wholesale & Retail (19.8%).