WR13 (Colwall) area guide

WR13
Colwall
The WR13 postcode district lies within or includes part of the following towns, counties, localities, electoral wards and stations: Alfrick and Leigh, Berrow, Birtsmorton, Castlemorton, Chase, Clevelode, Colwall, Colwall Green, Coombe Green, Cradley, Dyson Perrins, Frome, Gloucestershire, Guarlford, Hope End, Ledbury, Leigh Sinton, Little Clevelode, Longdon, Madresfield, Malvern, Mathon, Morton, Newland, Old Colwall, Pickersleigh, Powick, Priory, Redmarley, Sherrards Green, Storridge, Upper Colwall, Upper Pendock, Upton and Hanley, Welland, Wells, West, Worcestershire.
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Notes:

A Mouseprice property guide for WR13 Colwall is coming soon. In the meantime, please have a look at the raw data and statistics about WR13 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commentary below was written for the mouseprice.com website in 2006, please be aware that the comments below might be out of date.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:

Worcester propertyThe size of the property market in WR13 is 3598 homes.

Worcester 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 9.8%. This could well be because this is an area which has invested in improving housing stock, transport links or other local infrastructure. It may also suggest proximity to an area of economic growth such as one of the financial clusters (London, Leeds, Bristol etc.) or strong local presence in growth industries (for example investment in university facilities, attractiveness of an area to IT companies or other knowledge- based organisations).

Worcester propertyAverage property prices in this postcode district over the last three months have been approximately £295040.

Worcester 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 10.2. 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.

Worcester propertyNew transactions as a percentage of overall sales are 6%.

Housing stock:

Colwall propertyOver half of the properties in the area are Detached Houses, at 61.5% of the total housing stock.

Colwall propertyTerraced Houses account for the lowest percentage of the housing stock in this district, at only 6%.

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

Colwall propertyThere is a high proportion of temporary housing in this area at 1.6%.

Colwall propertySocially rented accommodation represents 10.9% of the total rented accommodation in the area.

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

Colwall propertyThe average price of a two bed property in this area is less that the national average of £187894 at £165378.

Who lives here:

Colwall propertyThere are 4086 men and 4279 women in this postcode district.
Colwall propertyThis is one of the most “experienced” areas of the country, with an average age of 47.
Colwall propertyThis area has a high percentage of married people at 20.7%.
Colwall propertyAverage working hours in this area for men are 44 and for women are 31.
Colwall propertyThis area is relatively rural, with only 0.8 people per square kilometre.
Colwall propertyThe largest source of work in this area is Real Estate (16.2% of workers), followed by Wholesale & Retail (14.2%).
Colwall propertyThis area has one of the highest proportions of degree educated people in the country, at 30.1%.