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).

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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. 3, Henthorne Road, New Ferry, Wirral, sold for £137,000 on Aug-2023. Given the internal area of 98 square metres, the price per sqm is £1,397.

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 77 sales in New Ferry (CH62 1) 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 New Ferry (CH62 1). Of the 77 transactions, half were sold for between £1,080 and £1,740 per square metre. Notably, only 25% of properties that sold recently were valued at more than £1,740m². 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 1' is £1,390. The table below shows how 'CH62 1' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
CH62 0 Eastham	£2,310m2	£2,570m2	£3,100m2
CH62 4 Bromborough Pool	£1,920m2	£2,260m2	£2,710m2
CH62 5 New Ferry	£1,980m2	£2,180m2	£2,580m2
CH62 7 Bromborough	£1,840m2	£2,130m2	£2,430m2
CH62 9 Eastham	£1,760m2	£2,000m2	£2,370m2
CH62 2 Bromborough	£1,970m2	£2,360m2	£2,890m2
CH62 6 Bromborough	£2,020m2	£2,540m2	£2,900m2
CH62 1 New Ferry	£1,080m2	£1,390m2	£1,740m2
CH62 3 Bromborough	£1,980m2	£2,220m2	£2,520m2
CH62 8 Eastham	£2,210m2	£2,650m2	£3,110m2

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.

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.

Price map for New Ferry

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

House price heatmap for New Ferry

Street level data

Street	Avg size	Avg £/m2	Recent sales
Beaconsfield Road, New Ferry, CH62 1A	62m2	£1,519	13
Easton Road, New Ferry, CH62 1D	118m2	£1,331	10
Brownlow Road, New Ferry, CH62 1A	99m2	£1,031	9
New Ferry Road, New Ferry, CH62 1D	114m2	£1,015	8
Napier Road, New Ferry, CH62 1E	58m2	£1,084	8
New Ferry Road, New Ferry, CH62 1B	73m2	£1,258	8
Oakworth Drive, New Ferry, CH62 1H	71m2	£2,288	7
Ingleby Road, New Ferry, CH62 1B	75m2	£1,295	7

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
3, Henthorne Rd, New Ferry, Wirral	£137,000 Aug-2023	98	1,397
64, Beaconsfield Rd, New Ferry, Wirral	£100,000 Jun-2023	52	1,923
99, New Ferry Rd, New Ferry, Wirral	£91,000 Jun-2023	71	1,281

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