Feb 07, 2023 by HM

# House prices in Wallasey (CH45 8)

## Defining 'CH45 8'

This analysis is limited to properties whose postcode starts with "CH45 8", 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 Wallasey 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. 93, Heyes Drive, Wallasey, sold for £230,000 on Dec-2023. Given the internal area of 65 square metres, the price per sqm is £3,538.

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. £2,350-£2,500, £2,500-£2,650, £2,650-£2,800 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 73 sales in Wallasey (CH45 8) that took place in the last two years.

##### Distribution of £ per sqm for Wallasey (CH45 8)
Distribution of £ per sqm house prices in Wallasey

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 Wallasey (CH45 8). Of the 73 transactions, half were sold for between £1,990 and £2,650 per square metre. The median, or 'middle', price per square metre in 'CH45 8' is £2,320. Notably, only 25% of properties that sold recently were valued at more than £2,650m2. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

## Price map for Wallasey

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 Wallasey. 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 Wallasey

## Comparison with neighbouring postcode sectors

The table below shows how 'CH45 8' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
CH45 6 Wallasey £1,730m2 £2,080m2 £2,490m2
CH45 8 Wallasey £1,990m2 £2,320m2 £2,650m2
CH45 0 Wallasey £1,640m2 £2,140m2 £2,890m2
CH45 2 Wallasey £1,570m2 £1,960m2 £2,150m2
CH45 4 Wallasey £1,390m2 £1,660m2 £2,000m2
CH45 9 Wallasey £1,470m2 £1,850m2 £2,300m2
CH45 1 New Brighton £1,700m2 £2,030m2 £2,300m2
CH45 5 Wallasey £1,550m2 £1,780m2 £2,140m2
CH45 3 Wallasey £1,810m2 £2,280m2 £2,670m2
CH45 7 Wallasey £1,470m2 £1,830m2 £2,150m2

## Will Wallasey 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 CH45 8 (Wallasey). 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 CH45 8 and the blue dots are the individual property sales that inform this trend.

##### Price per square metre in Wallasey (CH45 8) over time
House price trends for Wallasey

Hover on any blue dot to see details of specific sales

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

## Street level data

Street Avg size Avg £/m2 Recent sales
Heyes Drive, Wallasey, CH45 8Q 71m2 £2,405 14
St Nicholas Road, Wallasey, CH45 8N 88m2 £1,955 13
Malvern Road, Wallasey, CH45 8N 115m2 £1,661 11
Bayswater Road, Wallasey, CH45 8N 134m2 £2,456 10
Gainsborough Road, Wallasey, CH45 8P 107m2 £1,986 10
Newport Avenue, Wallasey, CH45 8Q 65m2 £2,516 9
Wyndham Road, Wallasey, CH45 8N 86m2 £1,882 9
Leasowe Road, Wallasey, CH45 8P 118m2 £2,523 8

## Raw data

Our analysis of Wallasey 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.