BD4 (Bradford) area guide

BD4
Bradford
The BD4 postcode district lies within or includes part of the following towns, counties, localities, electoral wards and stations: Bierley, Birstall and Birkenshaw, Bowling and Barkerend, Bradford, Bradford Moor, Cutler Heights, East Bierley, Euroway Industrial Estate, Holme Wood, Laisterdyke, Little Horton, Morley North, Pudsey, Tong, Tyersal, Wyke.
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Notes:

A Mouseprice property guide for BD4 Bradford is coming soon. In the meantime, please have a look at the raw data and statistics about BD4 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commentary below was written for the mouseprice.com website in 2006, please be aware that the comments below might be out of date.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:

Bradford propertyThe size of the property market in BD3 is 10039 homes.

Bradford propertyWhen 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 14.6%. 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.

Bradford propertyDuring the last 3 months, property in this postcode district has averaged a value of £66866.

Bradford propertyWhen 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 5.1. 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.

Bradford propertyNew transactions as a percentage of overall sales are 0.9%.

Housing stock:

Bradford propertyOver half of the properties in the area are Terraced Houses, at 61.4% of the total housing stock.

Bradford propertyThe least common type of property in this area is Detached Houses (3.8% of the total housing stock).

Bradford propertyThe property in this area caters well for retirees and young couples who do not have large families. alt="Bradford property">Socially rented accommodation represents a significant percentage of the total rented accommodation in the area at 18.2%.

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

Bradford propertyThe average price of a two bed property in this area is £64840, significantly less then the national average of £187894.

Who lives here:

Bradford propertyTotal population in this area is 29203.
Bradford propertyThis is one of the youngest places in the country, with an average age of 26.
Bradford propertyThis area has a high percentage of married people at 29.8%.
Bradford propertyAverage working hours in this area for men are 38 and for women are 30.
Bradford propertyThis is one of the most densely populated places in the country, with 56.7 people per square kilometre.
Bradford propertyThis area has high unemployment at 8%. Those in work tend to find jobs in the Wholesale & Retail or Construction sectors.