Feb 07, 2023 by HM

# House prices in Wirral (CH48 3)

## Price per square metre

Knowing the average house price in Wirral 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. 29, Macdona Drive, Wirral, West Kirby, sold for £725,000 on Sep-2023. Given the internal area of 199 square metres, the price per sqm is £3,643.

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. £3,700-£4,000, £4,000-£4,300, £4,300-£4,600 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 50 sales in Wirral (CH48 3) that took place in the last two years.

##### Distribution of £ per sqm for Wirral (CH48 3)
Distribution of £ per sqm house prices in Wirral

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 Wirral (CH48 3). Of the 50 transactions, half were sold for between £2,890 and £3,800 per square metre. Notably, only 25% of properties that sold recently were valued at more than £3,800m2. 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 'CH48 3' is £3,200. The table below shows how 'CH48 3' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
CH48 0 Wirral £2,280m2 £2,950m2 £3,780m2
CH48 1 Wirral £3,240m2 £3,970m2 £4,310m2
CH48 6 Wirral £2,400m2 £2,690m2 £3,360m2
CH48 4 Wirral £2,190m2 £2,650m2 £3,000m2
CH48 7 Wirral £2,860m2 £3,310m2 £4,000m2
CH48 9 Wirral £2,770m2 £3,200m2 £3,580m2
CH48 3 Wirral £2,890m2 £3,200m2 £3,800m2
CH48 5 Wirral £2,640m2 £3,200m2 £3,710m2
CH48 2 Wirral £3,300m2 £4,060m2 £4,810m2
CH48 8 Wirral £3,210m2 £3,860m2 £4,640m2

## Will Wirral 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 CH48 3 (Wirral). 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 CH48 3 and the blue dots are the individual property sales that inform this trend.

##### Price per square metre in Wirral (CH48 3) over time
House price trends for Wirral

Hover on any blue dot to see details of specific sales

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

## Price map for Wirral

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 Wirral. 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 Wirral

## Street level data

Street Avg size Avg £/m2 Recent sales
Hilbre Court, Wirral, CH48 3J 119m2 £3,265 15
Eaton Road, Wirral, CH48 3H 110m2 £2,936 14
South Road, Wirral, CH48 3H 88m2 £3,184 12
Madeley Drive, Wirral, CH48 3L 65m2 £3,390 10
Hilbre Road, Wirral, CH48 3H 115m2 £2,960 10
Victoria Road, Wirral, CH48 3H 129m2 £3,103 9
York Avenue, Wirral, CH48 3J 127m2 £4,623 7
Sandy Lane, Wirral, CH48 3J 81m2 £2,398 7

## Raw data

Our analysis of Wirral 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.