B68 (Oldbury) area guide
The B68 postcode district lies within or includes part of the following towns, counties, localities, electoral wards and stations: Abbey, Bristnall, Langley, Old Warley, Oldbury, Smethwick, St Pauls.
A Mouseprice property guide for B68 Oldbury is coming soon. In the meantime, please have a look at the raw data and statistics about B68 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commentary below was written for the mouseprice.com website in 2006, please be aware that the comments below might be out of date.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 B68 is 12656 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.
Over the last 3 months, the average property value for this postcode district has been £125884.
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 7.7.
New transactions as a percentage of overall sales are 1.7%.
Over half of the properties in the area are Semi- Detached Houses, at 56.3% of the total housing stock.
The least common type of property in this area is Detached Houses (8.4% of the total housing stock).
This is an area with a high proportion of property suitable for families with children.
Socially rented accommodation represents a significant percentage of the total rented accommodation in the area at 22.4%.
The majority of property in this area is owner occupied.
The average price of a two bed property in this area is less that the national average of £187894 at £154128.
Who lives here:
Total population in this area is 30039.
The average age in this area is 39.
This area has a high percentage of married people at 27.9%.
Average working hours in this area for men are 41 and for women are 31.
This is one of the most densely populated places in the country, with 45.8 people per square kilometre.
The largest source of work in this area is Health & Social Work (22% of workers), followed by Wholesale & Retail (17.1%).