Key indicators for buyers
The LR24 market is moderately favourable for buyers. Affordability has improved from a peak of 5.2x in 2007 to 4.7x today. Rising rents (£888/mo, +6.6%) mean the cost of waiting is real.
Yearly averages · HM Land Registry Price Paid Data
The average property in LR24 sold for £1,540,000 in 2016, with a median of £1,540,000 across 1 transactions.
House price ÷ median earnings · ONS data
Affordability data shown for wider Liverpool area
A home in Liverpool costs 4.7x the local median salary — relatively affordable, improving from a peak of 5.2x in 2007.
Average monthly rent · ONS Private Rental Index
Rental data shown for wider Liverpool area
Average monthly rent in Liverpool is £888, up 6.6% year-on-year. Rents have risen consistently over the past five years.
2yr fixed · 75% LTV · 25yr term · BoE avg. rate
Based on the average Liverpool price of £1,540,000 with a 25% deposit (£385k), a 2-year fixed mortgage at 3.97% costs around £6,077 per month.
Monthly cost comparison based on current data
Uses LR24 avg. price with Liverpool rental data
Monthly mortgage payments (£6,077) are £5,189 more than renting (£888). However, buying requires an upfront deposit of £385k — it would take around 32083 years to recoup that cost compared to renting and investing the difference.
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
HANGAR 2, LIVERPOOL INTERNATIONAL BUSINESS PARK, SPEKE LR24 8RN | Other | £1,540,000 | 30 Jun 2016 |
The most recent recorded sale in LR24 was a other property on Liverpool International Business Park for £1,540,000 in June 2016. Across the last 1 sales, the median price was £1,540,000.
Data sources (all free & public): HM Land Registry Price Paid Data & UK House Price Index · ONS Housing Affordability Ratios · ONS Private Rental Index · Bank of England Quoted Household Interest Rates · HMRC Monthly Property Transactions
Contains HM Land Registry data © Crown copyright and database right 2021. This data is licensed under the Open Government Licence v3.0.