B66 (Smethwick) area guide
The B66 postcode district lies within or includes part of the following towns, counties, localities, electoral wards and stations: Abbey, Bearwood, French Walls, Middlemore Industrial Estate, Smethwick, Soho, Soho and Victoria, St Pauls.
A Mouseprice property guide for B66 Smethwick is coming soon. In the meantime, please have a look at the raw data and statistics about B66 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commentary below was written for the mouseprice.com website in 2006, please be aware that the comments below might be out of date.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.
The size of the property market in B66 is 6880 homes.
Given that the nominal growth rate in this postcode district (B66) 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.
During the last 3 months, property in this postcode district has averaged a value of £111033.
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.
New transactions as a percentage of overall sales are 12.7%.
Over half of the properties in the area are Terraced Houses, at 50.7% of the total housing stock.
For those buyers keen to purchase Detached Houses, this would not be an ideal area, because only 5.8% are this type.
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 £104399, significantly less then the national average of £187894.
Who lives here:
There are 7869 men and 8684 women in this postcode district.
This is one of the youngest places in the country, with an average age of 29.
Single people make up 37.4% of the population in this postcode district.
Average working hours in this area for men are 40 and for women are 33.
This area has 29.3 people per square kilometre.
This area has high unemployment at 8.4%. Those in work tend to find jobs in the Health & Social Work or Wholesale & Retail sectors.