WV12 (Willenhall) area guide

WV12
Willenhall
The WV12 postcode district lies within or includes part of the following towns, counties, localities, electoral wards and stations: Bloxwich West, Short Heath, Wednesfield North, Wednesfield South, Willenhall, Willenhall North.
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Notes:

A Mouseprice property guide for WV12 Willenhall is coming soon. In the meantime, please have a look at the raw data and statistics about WV12 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commentary below was written for the mouseprice.com website in 2006, please be aware that the comments below might be out of date.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:

Wolverhampton propertyThe size of the property market in WV12 is 10397 homes.

Wolverhampton propertyGiven that the nominal growth rate in this postcode district (WV12) has been about 15.6% over the last 5 years, it would be reasonable to assume 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.

Wolverhampton propertyDuring the last 3 months, property in this postcode district has averaged a value of £131403.

Wolverhampton 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 8.3.

Wolverhampton propertyNew transactions as a percentage of overall sales are 6.2%.

Housing stock:

Willenhall propertyOver half of the properties in the area are Semi- Detached Houses, at 52.8% of the total housing stock.

Willenhall propertyFor those buyers keen to purchase Flats, this would not be an ideal area, because only 12.4% are this type.

Willenhall propertyThis is an area with a high proportion of property suitable for families with children. alt="Willenhall property">Socially rented accommodation represents a significant percentage of the total rented accommodation in the area at 19.6%.

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

Willenhall propertyThe average price of a two bed property in this area is less that the national average of £187894 at £123053.

Who lives here:

Willenhall propertyTotal population in this area is 25457.
Willenhall propertyThe average age in this area is 39.
Willenhall propertyThis area has a high percentage of married people at 25.9%.
Willenhall propertyAverage working hours in this area for men are 42 and for women are 30.
Willenhall propertyThis area has 39.7 people per square kilometre.
Willenhall propertyThe largest source of work in this area is Health & Social Work (29.9% of workers), followed by Wholesale & Retail (19.3%).