Feb 07, 2023 by HM

House prices in New Ferry (CH62 1)

This article reveals price per square metre data and various charts to help you understand current housing market in New Ferry (CH62 1).


Defining 'CH62 1'

This analysis is limited to properties whose postcode starts with "CH62 1", 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 New Ferry 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. 23, Thorburn Road, New Ferry, Wirral, sold for £185,000 on Jan-2024. Given the internal area of 87 square metres, the price per sqm is £2,126.

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. £1,900-£2,000, £2,000-£2,100, £2,100-£2,200 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 70 sales in New Ferry (CH62 1) that took place in the last two years.

Distribution of £ per sqm for New Ferry (CH62 1)
Distribution of £ per sqm house prices in New Ferry

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 New Ferry (CH62 1). Of the 70 transactions, half were sold for between £1,190 and £1,790 per square metre. The median, or 'middle', price per square metre in 'CH62 1' is £1,380. Notably, only 25% of properties that sold recently were valued at more than £1,790m2. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

Price map for New Ferry

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 New Ferry. 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 New Ferry
House price heatmap for New Ferry

Comparison with neighbouring postcode sectors

The table below shows how 'CH62 1' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
CH62 6 Bromborough £1,980m2 £2,520m2 £2,890m2
CH62 0 Eastham £2,290m2 £2,570m2 £3,000m2
CH62 4 Bromborough Pool £1,940m2 £2,370m2 £2,710m2
CH62 5 New Ferry £2,030m2 £2,230m2 £2,640m2
CH62 7 Bromborough £1,930m2 £2,130m2 £2,490m2
CH62 9 Eastham £1,880m2 £2,040m2 £2,490m2
CH62 1 New Ferry £1,190m2 £1,380m2 £1,790m2
CH62 3 Bromborough £2,050m2 £2,290m2 £2,500m2
CH62 8 Eastham £2,040m2 £2,670m2 £3,180m2
CH62 2 Bromborough £1,830m2 £2,380m2 £2,920m2

Will New Ferry 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 1 (New Ferry). 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 1 and the blue dots are the individual property sales that inform this trend.

Price per square metre in New Ferry (CH62 1) over time
House price trends for New Ferry

Hover on any blue dot to see details of specific sales

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

Street level data

Street Avg size Avg £/m2 Recent sales
Beaconsfield Road, New Ferry, CH62 1A 62m2 £1,525 13
Easton Road, New Ferry, CH62 1D 118m2 £1,418 12
Brownlow Road, New Ferry, CH62 1A 99m2 £1,067 9
New Ferry Road, New Ferry, CH62 1B 73m2 £1,258 8
Napier Road, New Ferry, CH62 1E 58m2 £1,122 8
Ingleby Road, New Ferry, CH62 1B 75m2 £1,291 8
Thorburn Road, New Ferry, CH62 1E 89m2 £1,622 8
New Ferry Road, New Ferry, CH62 1D 114m2 £1,116 8

Search for your street here.

Raw data

Our analysis of New Ferry 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
23, Thorburn Rd, New Ferry, Wirral £185,000
Jan-2024
87 2,126
55, Beaconsfield Rd, New Ferry, Wirral £75,000
Dec-2023
58 1,293
16, Woodford Rd, New Ferry, Wirral £115,000
Dec-2023
80 1,437

See the entire list of all sales in New Ferry (CH62 1) 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.