Feb 07, 2023 by HM

# House prices in Hoylake (CH47 3)

## 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. Flat 1 32, North Parade, Hoylake, Wirral, sold for £227,500 on Aug-2023. Given the internal area of 127 square metres, the price per sqm is £1,791.

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 47 sales in Hoylake (CH47 3) that took place in the last two years.

##### Distribution of £ per sqm for Hoylake (CH47 3)
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.

That said, the spread of prices will give you a feel of the typical range to expect in Hoylake (CH47 3). Of the 47 transactions, half were sold for between £2,240 and £2,940 per square metre. Notably, only 25% of properties that sold recently were valued at more than £2,940m2. 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 'CH47 3' is £2,630. The table below shows how 'CH47 3' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
CH47 3 Hoylake £2,240m2 £2,630m2 £2,940m2
CH47 8 Meols £2,730m2 £3,090m2 £3,970m2
CH47 5 Hoylake £2,490m2 £2,970m2 £3,410m2
CH47 1 Hoylake £2,510m2 £2,860m2 £3,550m2
CH47 7 Meols £2,880m2 £3,330m2 £3,910m2
CH47 0 Meols £2,620m2 £3,020m2 £3,500m2
CH47 2 Hoylake £2,370m2 £2,580m2 £3,110m2
CH47 6 Meols £3,060m2 £3,260m2 £3,750m2
CH47 4 Hoylake £2,560m2 £2,790m2 £3,080m2
CH47 9 Meols £2,500m2 £2,900m2 £3,110m2

## 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 3 (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 3 and the blue dots are the individual property sales that inform this trend.

##### Price per square metre in Hoylake (CH47 3) 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.

## Price map for Hoylake

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 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. I will explain more about the methodology and create a key next week.

House price heatmap for Hoylake

## Street level data

Street Avg size Avg £/m2 Recent sales
Ferndale Road, Hoylake, CH47 3A 124m2 £2,548 16
Manor Road, Hoylake, CH47 3D 114m2 £2,254 12
Lee Road, Hoylake, CH47 3D 72m2 £2,237 10
Newton Road, Hoylake, CH47 3D 71m2 £2,523 10
Sandringham Avenue, Hoylake, CH47 3B 105m2 £2,728 7
Hadfield Avenue, Hoylake, CH47 3D 86m2 £2,245 7
Grosvenor Road, Hoylake, CH47 3B 123m2 £2,566 6
Waverley Road, Hoylake, CH47 3D 93m2 £2,660 5

## 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.