DY1 (Dudley) area guide

DY1
Dudley
The DY1 postcode district lies within or includes part of the following towns, counties, localities, electoral wards and stations: Bramford, Brockmoor and Pensnett, Castle and Priory, Dudley, Holly Hall, Netherton, Woodside and St Andrews, St James's, St Thomas's, Upper Gornal, Upper Gornal and Woodsetton, Woodsetton.
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Notes:

A Mouseprice property guide for DY1 Dudley is coming soon. In the meantime, please have a look at the raw data and statistics about DY1 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commentary below was written for the mouseprice.com website in 2006, please be aware that the comments below might be out of date.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:

Dudley propertyThe size of the property market in DY1 is 12450 homes.

Dudley propertyProperty in this postcode district (DY1) has been growing at a nominal annual rate of 13.2% over the last 5 years. This rate can be indicative ofa 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.

Dudley propertyOver the last 3 months, the average property value for this postcode district has been £134405.

Dudley propertySince most banks lend money to buy property using their customers’ salary as a indicator of affordability, the price earnings ratio is a useful guide as to whether property in an area is expensive or not. Price Earnings Ratio in this postcode district is 7.8.

Dudley propertyNew transactions as a percentage of overall sales are 8.5%.

Housing stock:

Dudley propertyOver half of the properties in the area are Semi- Detached Houses, at 53.4% of the total housing stock.

Dudley propertyFor those buyers keen to purchase Terraced Houses, this would not be an ideal area, because only 13.8% are this type.

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

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

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

Dudley propertyThe average price of a two bed property in this area is less that the national average of £187894 at £130071.

Who lives here:

Dudley propertyDudley propertyThe average age in this area is 36.
Dudley propertyThis area has a high percentage of married people at 29.3%.
Dudley propertyAverage working hours in this area for men are 42 and for women are 30.
Dudley propertyThis area has 33.4 people per square kilometre.
Dudley propertyThe largest source of work in this area is Health & Social Work (25.4% of workers), followed by Wholesale & Retail (17.5%).