Feb 07, 2023 by HM

House prices in Tranmere (CH42 6)

This article reveals price per square metre data and various charts to help you understand current housing market in Tranmere (CH42 6).

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Price per square metre

Knowing the average house price in Tranmere 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. 38, Everest Road, Tranmere, Birkenhead, sold for £220,000 on Aug-2023. Given the internal area of 90 square metres, the price per sqm is £2,444.

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. £1,900-£2,000, £2,000-£2,100, £2,100-£2,200 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 101 sales in Tranmere (CH42 6) 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 Tranmere (CH42 6). Of the 101 transactions, half were sold for between £1,400 and £2,130 per square metre. Notably, only 25% of properties that sold recently were valued at more than £2,130m². 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 6' is £1,730. The table below shows how 'CH42 6' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
CH42 5 Birkenhead	£1,060m2	£1,200m2	£1,390m2
CH42 8 Birkenhead	£1,880m2	£2,240m2	£2,570m2
CH42 1 Birkenhead	£1,040m2	£1,160m2	£1,500m2
CH42 0 Birkenhead	£890m2	£1,170m2	£1,440m2
CH42 3 Birkenhead	£990m2	£1,250m2	£1,550m2
CH42 6 Tranmere	£1,400m2	£1,730m2	£2,130m2
CH42 4 Birkenhead	£1,200m2	£1,590m2	£1,950m2
CH42 2 Ludlow Road	£1,070m2	£1,270m2	£1,720m2
CH42 7 Birkenhead	£1,070m2	£1,260m2	£1,530m2
CH42 9 Birkenhead	£1,230m2	£1,490m2	£1,750m2

Will Tranmere 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 6 (Tranmere). 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 6 and the blue dots are the individual property sales that inform this trend.

Disclaimer: The data provided throughout this website about Tranmere 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 Tranmere data or any other data I am given.

Price map for Tranmere

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 Tranmere. 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 Tranmere

Street level data

Street	Avg size	Avg £/m2	Recent sales
Memorial Drive, Tranmere, CH42 6A	96m2	£2,547	15
Yelverton Road, Tranmere, CH42 6P	58m2	£1,223	13
Borough Road, Tranmere, CH42 6Q	87m2	£1,945	12
Mount Road, Tranmere, CH42 6P	115m2	£1,588	12
Everest Road, Tranmere, CH42 6Q	88m2	£1,812	11
Ben Nevis Road, Tranmere, CH42 6Q	89m2	£1,894	11
Wycherley Road, Tranmere, CH42 6P	57m2	£1,214	10
Mallory Road, Tranmere, CH42 6Q	84m2	£1,865	10

Search for your street here.

Raw data

Our analysis of Tranmere 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
38, Everest Rd, Tranmere, Birkenhead	£220,000 Aug-2023	90	2,444
58, Everest Rd, Tranmere, Birkenhead	£175,000 Aug-2023	82	2,134
52, Memorial Drive, Tranmere, Birkenhead	£312,000 Aug-2023	113	2,761

See the entire list of all sales in Tranmere (CH42 6) here.