Feb 07, 2023 by HM

# House prices in Ludlow Road (CH42 2)

## Defining 'CH42 2'

This analysis is limited to properties whose postcode starts with "CH42 2", this is also called the postcode sector. It is shown in red on the map above. You can click on the map labels to change to a neighbouring sector.

## Price per square metre

Knowing the average house price in Ludlow Road is not much use. However, knowing average price per square metre can be quite useful. Price per sqm allows some comparison between properties of different size. We define price per square metre as the sold price divided by the internal area of a property:

£ per sqm = price ÷ internal area
E.g. Flat 2 145, Highfield Road, Ludlow Road, Birkenhead, sold for £89,000 on Jan-2024. Given the internal area of 71 square metres, the price per sqm is £1,253.

England & Wales have been officially metric for many decades. However house price per square foot is sometimes prefered by those of sufficiently advanced age. ;-) They may want to convert metres on this page to square feet.

The chart below is called a histogram, it helps you see the distribution of this house price per sqm data. To make this chart we put the sales data into a series of £ per sqm 'buckets' (e.g. £1,450-£1,500, £1,500-£1,550, £1,550-£1,600 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 66 sales in Ludlow Road (CH42 2) that took place in the last two years.

##### Distribution of £ per sqm for Ludlow Road (CH42 2)
Distribution of £ per sqm house prices in Ludlow Road

You can see the spread of prices above. This is because although internal area is a key factor in determining valuation, it is not the only factor. Many factors other than size affect desirability; these factors could be condition, aspect, garden size, negotiating power of the vendor etc.

The spread of prices will give you a feel of the typical range to expect in Ludlow Road (CH42 2). Of the 66 transactions, half were sold for between £1,130 and £1,760 per square metre. The median, or 'middle', price per square metre in 'CH42 2' is £1,340. Notably, only 25% of properties that sold recently were valued at more than £1,760m2. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

## Price map for Ludlow Road

Do have a look at the interactive price map I created. I find it useful and I am sure it will help you in exploring Ludlow Road. You can zoom in all the way to individual properties and then all the way back out to see the whole country. The colours show the current estimated property values.

House price heatmap for Ludlow Road

## Comparison with neighbouring postcode sectors

The table below shows how 'CH42 2' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
CH42 4 Birkenhead £1,190m2 £1,630m2 £2,010m2
CH42 0 Birkenhead £890m2 £1,210m2 £1,500m2
CH42 3 Birkenhead £920m2 £1,210m2 £1,540m2
CH42 6 Tranmere £1,400m2 £1,760m2 £2,160m2
CH42 8 Birkenhead £1,940m2 £2,260m2 £2,500m2
CH42 5 Birkenhead £1,060m2 £1,240m2 £1,410m2
CH42 9 Birkenhead £1,260m2 £1,460m2 £1,750m2
CH42 1 Birkenhead £1,020m2 £1,150m2 £1,400m2
CH42 2 Ludlow Road £1,130m2 £1,340m2 £1,760m2
CH42 7 Birkenhead £1,100m2 £1,320m2 £1,550m2

## Will Ludlow Road house prices drop in 2024?

I cannot tell the future and don't believe anyone who says they can. I can however plot price trends - I have done this in the scatter plot below for CH42 2 (Ludlow Road). From this one could infer a range of reasonable possible future price falls or rises. In the chart below, the red dashed line is the house price trend for CH42 2 and the blue dots are the individual property sales that inform this trend.

##### Price per square metre in Ludlow Road (CH42 2) over time
House price trends for Ludlow Road

Hover on any blue dot to see details of specific sales

Disclaimer: The data provided throughout this website about Ludlow Road and any other area, is not financial advice. Any information provided does not and cannot ever take in to account the particular financial situation, objectives or property needs of either you or anyone reading this information. Furthermore, I cannot guarantee the accuracy of any data shown. This information is based on sold prices and internal area data provided by Land Registry and other third parties - I do not verify the accuracy of the Ludlow Road data or any other data I am given.

## Street level data

Street Avg size Avg £/m2 Recent sales
Highfield Grove, Ludlow Road, CH42 2D 97m2 £1,162 14
Green Lawn, Ludlow Road, CH42 2D 124m2 £1,243 10
Faversham Way, Ludlow Road, CH42 2E 77m2 £1,727 9
Spenser Avenue, Ludlow Road, CH42 2D 65m2 £1,241 8
Browning Avenue, Ludlow Road, CH42 2D 89m2 £1,419 6

## Raw data

Our analysis of Ludlow Road is derived from what is essentially a big table of sold prices from Land Registry with added property size information. Below are three rows from this table to give you an idea.