Feb 07, 2023 by HM

House prices in Wallasey (CH45 9)

This article reveals price per square metre data and various charts to help you understand current housing market in Wallasey (CH45 9).


Defining 'CH45 9'

This analysis is limited to properties whose postcode starts with "CH45 9", 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. Flat 1 1, Pickering Road, Wallasey, sold for £138,000 on Feb-2024. Given the internal area of 73 square metres, the price per sqm is £1,890.

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. £1,350-£1,500, £1,500-£1,650, £1,650-£1,800 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 42 sales in Wallasey (CH45 9) that took place in the last two years.

Distribution of £ per sqm for Wallasey (CH45 9)
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 9). Of the 42 transactions, half were sold for between £1,470 and £2,300 per square metre. The median, or 'middle', price per square metre in 'CH45 9' is £1,850. Notably, only 25% of properties that sold recently were valued at more than £2,300m2. 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.

Property price heatmap for Wallasey
House price heatmap for Wallasey

Comparison with neighbouring postcode sectors

The table below shows how 'CH45 9' 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 9 (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 9 and the blue dots are the individual property sales that inform this trend.

Price per square metre in Wallasey (CH45 9) 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
Montpellier Crescent, Wallasey, CH45 9N 44m2 £1,364 12
St Georges Mount, Wallasey, CH45 9L 117m2 £2,361 9
St James Road, Wallasey, CH45 9L 132m2 £1,879 7
Prescot Street, Wallasey, CH45 9J 117m2 £1,703 7
Albion Street, Wallasey, CH45 9J 86m2 £1,901 6
Montpellier Crescent, Wallasey, CH45 9L 98m2 £2,412 6
Albion Street, Wallasey, CH45 9L 109m2 £2,364 5
Hamilton Road, Wallasey, CH45 9J 117m2 £1,553 5

Search for your street here.

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.

Address Paid m2 £/m2
Flat 1 1, Pickering Rd, Wallasey £138,000
Feb-2024
73 1,890
11, Redstone Park, Wallasey £205,000
Feb-2024
76 2,697
2, The Grennan, Wallasey £470,000
Jan-2024
142 3,309

See the entire list of all sales in Wallasey (CH45 9) here.

About

HouseMetric is a hobby, created out of a desire to see data and analysis not present on any free to use website. It is still a work in progress and I'll add more stuff in the near future.