TS4 (Middlesbrough) area guide

TS4
Middlesbrough
The TS4 postcode district lies within or includes part of the following towns, counties, localities, electoral wards and stations: Beechwood, Clairville, Gresham, Ladgate, Marton, Middlehaven, Middlesbrough, University.
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Notes:

A Mouseprice property guide for TS4 Middlesbrough is coming soon. In the meantime, please have a look at the raw data and statistics about TS4 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commentary below was written for the mouseprice.com website in 2006, please be aware that the comments below might be out of date.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:

Teesside propertyThe size of the property market in TS4 is 6946 homes.

Teesside propertyWhen growth averages 6.9% over a 5 year period, as in this postcode district, there are a number of possible explanations, for example that this isan area in which the property market is ‘ticking over’. It could be that property was already fully priced before 2001 and that there has been little scope for significant outperformance given the current levels of supply and demand in the local market.

Teesside propertyOver the last 3 months, the average property value for this postcode district has been £80708.

Teesside 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 6.1. 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.

Teesside propertyNew transactions as a percentage of overall sales are 7%.

Housing stock:

Middlesbrough propertyThe most commonly found type of housing in this area are Terraced Houses, making up 46.1% of the housing stock.

Middlesbrough propertyFor those buyers keen to purchase Detached Houses, this would not be an ideal area, because only 4.2% are this type.

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

Middlesbrough propertyA lower than average proportion of property in this area is owner occupied. This suggests that there is a very healthy rental market.

Middlesbrough propertyThe average price of a two bed property in this area is £81243, significantly less then the national average of £187894.

Who lives here:

Middlesbrough propertyThere are 7731 men and 8546 women in this postcode district.
Middlesbrough propertyThe average age in this area is 34.
Middlesbrough propertySingle people make up 36.7% of the population in this postcode district.
Middlesbrough propertyAverage working hours in this area for men are 41 and for women are 28.
Middlesbrough propertyThis area has 29.6 people per square kilometre.
Middlesbrough propertyThis area has high unemployment at 8.1%. Those in work tend to find jobs in the Wholesale & Retail or Construction sectors.