Feb 07, 2023 by HM

House prices in Ludlow Road (CH42 2)

This article reveals price per square metre data and various charts to help you understand current housing market in Ludlow Road (CH42 2).

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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. 23, Canterbury Road, Ludlow Road, Birkenhead, sold for £140,000 on Aug-2023. Given the internal area of 69 square metres, the price per sqm is £2,028.

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.

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.

That said, 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 £1,040 and £1,550 per square metre. Notably, only 25% of properties that sold recently were valued at more than £1,550m². For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

For the average, we calculate the 'median' or middle price. The median price per square metre in 'CH42 2' is £1,260. The table below shows how 'CH42 2' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
CH42 5 Birkenhead	£1,060m2	£1,200m2	£1,390m2
CH42 1 Birkenhead	£1,060m2	£1,160m2	£1,400m2
CH42 4 Birkenhead	£1,150m2	£1,530m2	£1,880m2
CH42 0 Birkenhead	£880m2	£1,150m2	£1,400m2
CH42 3 Birkenhead	£980m2	£1,240m2	£1,550m2
CH42 6 Tranmere	£1,380m2	£1,710m2	£2,120m2
CH42 9 Birkenhead	£1,250m2	£1,500m2	£1,760m2
CH42 8 Birkenhead	£1,890m2	£2,220m2	£2,580m2
CH42 2 Ludlow Road	£1,040m2	£1,260m2	£1,550m2
CH42 7 Birkenhead	£1,060m2	£1,250m2	£1,500m2

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.

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.

Price map for Ludlow Road

I've just finished coding the map I link to below. 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. I will explain more about the methodology and create a key next week.

House price heatmap for Ludlow Road

Street level data

Street	Avg size	Avg £/m2	Recent sales
Highfield Road, Ludlow Road, CH42 2B	114m2	£1,197	15
Highfield Grove, Ludlow Road, CH42 2D	97m2	£1,196	14
Green Lawn, Ludlow Road, CH42 2D	125m2	£1,133	10
Spenser Avenue, Ludlow Road, CH42 2D	65m2	£1,189	10
Faversham Way, Ludlow Road, CH42 2E	77m2	£1,665	9
Bedford Road, Ludlow Road, CH42 2A	139m2	£916	9
Old Chester Road, Ludlow Road, CH42 2D	109m2	£1,301	8
Lees Avenue, Ludlow Road, CH42 2B	80m2	£877	6

Search for your street here.

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.

Address	Paid	m2	£/m2
23, Canterbury Rd, Ludlow Road, Birkenhead	£140,000 Aug-2023	69	2,028
32, Highfield Grove, Ludlow Road, Birkenhead	£109,000 Jul-2023	95	1,147
1, Highfield Grove, Ludlow Road, Birkenhead	£115,000 Jun-2023	92	1,250

See the entire list of all sales in Ludlow Road (CH42 2) here.