B69 (Tividale) area guide

B69
Tividale
The B69 postcode district lies within or includes part of the following towns, counties, localities, electoral wards and stations: Langley, Oldbury, Rowley, St Pauls, Tividale.
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Notes:

A Mouseprice property guide for B69 Tividale is coming soon. In the meantime, please have a look at the raw data and statistics about B69 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commentary below was written for the mouseprice.com website in 2006, please be aware that the comments below might be out of date.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:

Birmingham propertyThe size of the property market in B69 is 10460 homes.

Birmingham 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 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.

Birmingham propertyThe average property in this postcode district was valued at £119455 over the last 3 months.

Birmingham 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 8.4. 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.

Birmingham propertyNew transactions as a percentage of overall sales are 22.2%.

Housing stock:

Tividale propertyOver half of the properties in the area are Semi- Detached Houses, at 53.3% of the total housing stock.

Tividale propertyDetached Houses account for the lowest percentage of the housing stock in this district, at only 10.8%.

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

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

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

Tividale propertyThe average price of a two bed property in this area is £117506, significantly less then the national average of £187894.

Who lives here:

Tividale propertyThere are 12145 men and 12860 women in this postcode district.
Tividale propertyThe average age in this area is 36.
Tividale propertyThis area has a high percentage of married people at 29.9%.
Tividale propertyAverage working hours in this area for men are 42 and for women are 30.
Tividale propertyThis area has 26.5 people per square kilometre.
Tividale propertyThe largest source of work in this area is Health & Social Work (26.7% of workers), followed by Wholesale & Retail (20.1%).