TF7 (Madeley) area guide

TF7
Madeley
The TF7 postcode district lies within or includes part of the following towns, counties, localities, electoral wards and stations: Cuckoo Oak, Ironbridge Gorge, Lightmoor, Madeley, Sutton Hill, Telford, Woodside.
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Notes:

A Mouseprice property guide for TF7 Madeley is coming soon. In the meantime, please have a look at the raw data and statistics about TF7 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commentary below was written for the mouseprice.com website in 2006, please be aware that the comments below might be out of date.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:

Telford propertyThe size of the property market in TF7 is 7538 homes.

Telford propertyProperty in this postcode district (TF7) has been growing at a nominal annual rate of 16.5% 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.

Telford propertyThe average property in this postcode district was valued at £106548 over the last 3 months.

Telford 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 7.2. 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.

Telford propertyNew transactions as a percentage of overall sales are 7.8%.

Housing stock:

Madeley propertyTerraced Houses make up the most significant portion of the housing stock, representing 41.4% of the total.

Madeley propertyThe least common type of property in this area is Flats (13.7% of the total housing stock).

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

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

Madeley propertyThe average price of a two bed property in this area is less that the national average of £187894 at £121968.

Who lives here:

Madeley propertyThe population of this postcode district is 17988.
Madeley propertyThe average age in this area is 34.
Madeley propertySingle people make up 30.7% of the population in this postcode district.
Madeley propertyAverage working hours in this area for men are 42 and for women are 31.
Madeley propertyThis area has 20.4 people per square kilometre.
Madeley propertyThe largest source of work in this area is Health & Social Work (33.1% of workers), followed by Wholesale & Retail (15.7%).