TW7 (Hounslow) area guide
TW7
Hounslow
The TW7 postcode district lies within or includes part of the following towns, counties, localities, electoral wards and stations: Hillingdon, Hounslow, Hounslow Central, Hounslow South, Isleworth, Isleworth Station, Osterley and Spring Grove, Osterley Station, Richmond Upon Thames, St Margarets and North Twickenham, Syon, Syon Lane Station, Whitton.
Notes:
A Mouseprice property guide for TW7 Hounslow is coming soon. In the meantime, please have a look at the raw data and statistics about TW7 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commentary below was written for the mouseprice.com website in 2006, please be aware that the comments below might be out of date.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:
The size of the property market in TW7 is 12668 homes.
When growth averages 13.7% over a 5 year period, as in this postcode district, there are a number of possible explanations, for example 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.
Average property prices in this postcode district over the last three months have been approximately £272342.
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 10. Places like this represent the “well- heeled” districts of each postcode area. Although recently there have been some spectacular price increases in more expensive areas, in general, prices appreciate slowly in more expensive places because there is less demand for more expensive properties, and the turnover of them is slower because they are not commonly used as investment property.
New transactions as a percentage of overall sales are 9.8%.
Housing stock:
The most commonly found type of housing in this area are Flats, making up 36.3% of the housing stock.
For those buyers keen to purchase Detached Houses, this would not be an ideal area, because only 4.9% are this type.
The property in this area caters well for retirees and young couples who do not have large families. alt="Hounslow property">Socially rented accommodation represents a significant percentage of the total rented accommodation in the area at 20.1%.
The majority of property in this area is owner occupied.
The average price of a two bed property in this area is higher than the national average of £187894 at £230634.
Who lives here:
The population of this postcode district is 30659.
The average age in this area is 34.
Single people make up 39.8% of the population in this postcode district.
Average working hours in this area for men are 41 and for women are 34.
This area has 30.8 people per square kilometre.
The largest source of work in this area is Real Estate (18.4% of workers), followed by Wholesale & Retail (15.5%).
This area has one of the highest proportions of degree educated people in the country, at 31.8%.