Feb 07, 2023 by HM

House prices in Hoylake (CH47 2)

This article reveals price per square metre data and various charts to help you understand current housing market in Hoylake (CH47 2).


Defining 'CH47 2'

This analysis is limited to properties whose postcode starts with "CH47 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 Hoylake 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. Apartment 4 Cherry Gardens, 15, Market Street, Hoylake, Wirral, sold for £220,000 on Feb-2024. Given the internal area of 85 square metres, the price per sqm is £2,588.

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. £2,800-£3,000, £3,000-£3,200, £3,200-£3,400 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 93 sales in Hoylake (CH47 2) that took place in the last two years.

Distribution of £ per sqm for Hoylake (CH47 2)
Distribution of £ per sqm house prices in Hoylake

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 Hoylake (CH47 2). Of the 93 transactions, half were sold for between £2,360 and £3,100 per square metre. The median, or 'middle', price per square metre in 'CH47 2' is £2,580. Notably, only 25% of properties that sold recently were valued at more than £3,100m2. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

Price map for Hoylake

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 Hoylake. 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 Hoylake
House price heatmap for Hoylake

Comparison with neighbouring postcode sectors

The table below shows how 'CH47 2' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
CH47 6 Meols £3,160m2 £3,610m2 £3,950m2
CH47 3 Hoylake £2,500m2 £2,790m2 £3,060m2
CH47 8 Meols £2,860m2 £3,100m2 £4,240m2
CH47 1 Hoylake £2,450m2 £2,980m2 £3,650m2
CH47 0 Meols £2,610m2 £3,060m2 £3,500m2
CH47 2 Hoylake £2,360m2 £2,580m2 £3,100m2
CH47 4 Hoylake £2,610m2 £2,790m2 £3,050m2
CH47 9 Meols £2,530m2 £2,960m2 £3,120m2
CH47 7 Meols £2,870m2 £3,310m2 £3,840m2
CH47 5 Hoylake £2,490m2 £3,150m2 £3,460m2

Will Hoylake 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 CH47 2 (Hoylake). 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 CH47 2 and the blue dots are the individual property sales that inform this trend.

Price per square metre in Hoylake (CH47 2) over time
House price trends for Hoylake

Hover on any blue dot to see details of specific sales

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

Street level data

Street Avg size Avg £/m2 Recent sales
Trinity Road, Hoylake, CH47 2B 118m2 £2,430 24
Market Street, Hoylake, CH47 2A 80m2 £2,720 21
Alderley Road, Hoylake, CH47 2A 91m2 £2,856 17
Groveland Avenue, Hoylake, CH47 2D 73m2 £2,751 15
Grove Road, Hoylake, CH47 2D 115m2 £2,493 12
Walker Street, Hoylake, CH47 2D 68m2 £2,365 11
Market Street, Hoylake, CH47 2B 88m2 £2,448 10
Queens Road, Hoylake, CH47 2A 161m2 £2,283 9

Search for your street here.

Raw data

Our analysis of Hoylake 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
Apartment 4 Cherry Gardens, 15, Market St, Hoylake, Wirral £220,000
Feb-2024
85 2,588
28, Lake Pl, Hoylake, Wirral £283,000
Jan-2024
110 2,572
12a, Market St, Hoylake, Wirral £250,000
Jan-2024
133 1,879

See the entire list of all sales in Hoylake (CH47 2) 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.