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Erdington Property - Do you know the Facts and Figures?

24/11/2014

Here at Amity Properties, we can guide you to the right places to identify property values and yields in North Birmingham and other useful property related information so you can make sure you get all the information you need about your future investments. Here are just a few property facts about one of the most popular locations in North-East Birmingham….Erdington.

 

In the B23 & B24 post code areas there are aproximately 10,200 households, housing 22,800 residents with an average of 2.2 people per household.  There have been 738 property sales in Erdington over the last 12 months with the average price paid £121,000. Property prices have also increased by just over 6% in the last 12 months.

 

There are currently 374 properties on the market for sale in Erdington at an average asking price of £149,000. 55% of the housing stock in Erdington is Owner Occupied, 22% is Socially Rented (properties rented at a subsidised rate by Housing Associations/Local Authorities) and the remaining 23% is Private Rented.

 

With trends indicating that the private rented sector is the FASTEST GROWING sector – this shows a healthy growing demand for investment properties in the Erdington area.

 

In our experience, properties in the Erdington area tend to let significantly quicker than any other area in North Birmingham – again another strong indicator for more property investments in this area!

 

If you would like more useful facts and figures pop in to see us at our offices on Kingstanding Road, Perry Barr. Or call us on 0121 448 8080.

 

Melissa



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