Feb 07, 2023 by HM

House prices in Eastham (CH62 0)

This article reveals price per square metre data and various charts to help you understand current housing market in Eastham (CH62 0).

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Price per square metre

Knowing the average house price in Eastham 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. 20, Stanley Lane, Eastham, Wirral, sold for £285,000 on Aug-2023. Given the internal area of 87 square metres, the price per sqm is £3,275.

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 55 sales in Eastham (CH62 0) that took place in the last two years.

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 Eastham (CH62 0). Of the 55 transactions, half were sold for between £2,320 and £3,110 per square metre. Notably, only 25% of properties that sold recently were valued at more than £3,110m². 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 'CH62 0' is £2,570. The table below shows how 'CH62 0' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
CH62 4 Bromborough Pool	£1,920m2	£2,260m2	£2,710m2
CH62 5 New Ferry	£1,920m2	£2,140m2	£2,530m2
CH62 7 Bromborough	£1,830m2	£2,130m2	£2,430m2
CH62 9 Eastham	£1,780m2	£2,040m2	£2,410m2
CH62 6 Bromborough	£2,150m2	£2,540m2	£2,910m2
CH62 0 Eastham	£2,320m2	£2,570m2	£3,110m2
CH62 1 New Ferry	£1,080m2	£1,350m2	£1,730m2
CH62 3 Bromborough	£1,970m2	£2,190m2	£2,500m2
CH62 8 Eastham	£2,250m2	£2,650m2	£3,100m2
CH62 2 Bromborough	£1,970m2	£2,300m2	£2,870m2

Will Eastham 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 CH62 0 (Eastham). 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 CH62 0 and the blue dots are the individual property sales that inform this trend.

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

Price map for Eastham

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 Eastham. 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 Eastham

Street level data

Street	Avg size	Avg £/m2	Recent sales
Ferry Road, Eastham, CH62 0A	100m2	£2,723	18
St David Road, Eastham, CH62 0B	93m2	£2,278	15
St Johns Road, Eastham, CH62 0B	102m2	£2,183	13
Stanley Lane, Eastham, CH62 0A	78m2	£2,655	13
College Way, Eastham, CH62 0D	113m2	£2,842	12
Chapel View, Eastham, CH62 0B	87m2	£2,099	10
Eastham Village Road, Eastham, CH62 0A	90m2	£2,555	9
Parsons Close, Eastham, CH62 0D	117m2	£2,604	8

Search for your street here.

Raw data

Our analysis of Eastham 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
20, Stanley Lane, Eastham, Wirral	£285,000 Aug-2023	87	3,275
38, College Way, Eastham, Wirral	£425,000 Jul-2023	144	2,951
63, St Johns Rd, Eastham, Wirral	£265,000 Jun-2023	83	3,192

See the entire list of all sales in Eastham (CH62 0) here.