Are you thinking about investing in property in Wolverhampton, maybe moving there yourself? Here are some of the basic facts you might need to know.
House Prices 🏠
- Most expensive property: £2,000,000
- Average house price in Westminster: £165,356
- Cheapest property: £65,500 (freehold, semi-detached).
Property Investment 🏠 🏠
- Research has suggested that house prices in Wolverhampton and the West Midlands generally might enjoy the fastest rate of growth in the country over the next three years
- This would result in the growth in prices outstripping even that of London
- In the year 2000, Wolverhampton was granted city status and is home to around one quarter of a million people.
- Wolverhampton is home to four leading aerospace companies, attracting well-qualified employees and boosting the local economy
- Another important driver of the local economy is the manufacture of transport and aerospace equipment
- In the descending order of numbers employed, key sectors are wholesale and retail trades, human, health and social work, manufacturing, education and construction.
Location and Transport 🚌
- Wolverhampton is in the very heart of England, and part of the Birmingham and Black Country conurbation
- Its location makes access easy to practically any other part of England and, via the East Midlands Airport, anywhere else in the world
- Transport is receiving a further boost through an integrated city centre transport interchange project involving £120 million of public and private investment.
- The University of Wolverhampton has a student enrolment of 23,000 and maintains partnerships with more than 1,000 local businesses
- It is currently ranked in second place out of all UK universities for graduates moving directly into employment
- There is are number of parks, gardens and nature reserves in and around Wolverhampton
- Those awarded Certificates of Excellence by the travel site TripAdvisor include Wightwick Manor and Gardens, West Park and Northycote Farm and Country Park.
Finally, did you know …
- Monty Python legend, Eric Idle, was raised in Wolverhampton
- When it comes to music’s leading lights, Wolverhampton also lays claim to Slade, Robert Plant, Beverly Knight, Cornershop, The Mighty Lemon Drops, hip hop producer S-X, reggae artist Macka B – and that most English of composers, Edward Elgar!
- In 1927, Wolverhampton became the first place in England to have automated traffic lights installed – at the junction of Lichfield Street and Princess Street, in Prince’s Square to be precise.