Encompassing the counties of Derbyshire, Herefordshire, Leicestershire, Lincolnshire, Northamptonshire, Nottinghamshire, Rutland, Shropshire, Staffordshire, Warwickshire, the West Midlands metropolitan boroughs and Worcestershire, the Midlands is characterised by mainly low lying and flat lands, although places such as Turners Hill and Shropshire Hills offer some variety. Shropshire Hills has peaks with altitudes of over 500m and The Peak District is home to Kinder Scout that stands at 636m.
With big hitting cities such as Birmingham, the region is a hive of productivity and activity, with a population of 10.135 million people according to the last OCSI Census in 2011. The Midlands pretty much span the central area of England, and the region has an industrial background and even now, manufacturers such as Rolls Royce are based there.
The Midlands, and especially its larger towns and cities, is home to a diverse mix of people and the area is a superb place for study, work and opportunity. The ONS give employment figures for West Midlands as 75.7% in January 2017, which is higher than many other regions such as the North East, Yorkshire and the Humber, and the North West, but not quite as attractive as the South East (78.5%), South West (78.2%) and the East (76.6%).
Rightmove gives an overall average property value of £193,132 for the East Midlands (higher than Yorkshire and the Humber) and the higher average of £205,388) overall for properties in the West Midlands, based on selling activity in 2016.
East Midlands prices have risen by 11% from 2014 to 2016, while property prices in the West Midlands have risen by 10% across the same period. In both areas, prices increased by 4% from 2015 to 2016.
The majority of sales in East Midlands during 2016 were for detached properties and they attracted an average sales value of £271,058. Semi-detached properties shifted for an average £162,371, and terraced properties were selling for an average £138,950.
Meanwhile in the West Midlands, most sales involved semi-detached properties and these fetched an average price of £181,450. Detached properties went for an average price of £319,744, while terraced were going for £152,477 on average.
Do you own a property in the Midlands or are you thinking of purchasing one, perhaps to live in or to rent out? The Midlands is a great place to live and work. If you are wanting advice for any aspect of buying, selling or letting, there is bound to be a Hunters Estate Agent nearby. You can find your nearest using the Find Your Nearest Branch facility. With their local knowledge and experience with the industry, our agents are happy to discuss your options with you face to face.
Many of us are so busy we just want to find out as much as we can online and that’s fine because we can offer you an Instant Free Valuation Report. We ask for one or two bits of essential information such as the postcode for the property and then you receive a free report via email. It’s convenient so you can get an initial assessment of your property in the Midlands quickly and easily.