M13 area guide

Postcode district: M13

Location

The M13 postcode district lies within or includes part of the following towns, counties, localities, electoral wards and stations: Ardwick, Hulme, Longsight, Manchester, Moss Side, Rusholme.

History

Present

Amenities

Notes:A Mouseprice property guide for M13 Manchester is coming soon. In the meantime, please have a look at the raw data and statistics about M13 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commentary below was written for the mouseprice.com website in 2006, please be aware that the comments below might be out of date.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 M13 is 6737 homes. Property in this postcode district (M13) has been growing at a nominal annual rate of 10.9% over the last 5 years. This rate can be indicative ofan 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).During the last 3 months, property in this postcode district has averaged a value of £102933. Since 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 6.1. New transactions as a percentage of overall sales are 2.9%.Housing stock:If you are specifically looking to buy Terraced Houses, this would be an excellent area for you to explore, with 41.5% of properties being this type. The least common type of property in this area is Detached Houses (4% of the total housing stock).The property in this area caters well for retirees and young couples who do not have large families.A high proportion of property in this area is socially rented. A lower than average proportion of property in this area is owner occupied. This suggests that there is a very healthy rental market.The average price of a two bed property in this area is £105925, significantly less then the national average of £187894.Who lives here:This is one of the youngest places in the country, with an average age of 25.Single people make up 54.7% of the population in this postcode district.Average working hours in this area for men are 36 and for women are 30.This is one of the most densely populated places in the country, with 52.6 people per square kilometre.This area has high unemployment at 6%. Those in work tend to find jobs in the Wholesale & Retail or Construction sectors.



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