Key indicators for buyers
The L45 market is moderately favourable for buyers. Prices are rising at 200.0%, which may favour acting sooner rather than later. Affordability has improved from a peak of 7.3x in 2021 to 6.1x today. Rising rents (£827/mo, +6.3%) mean the cost of waiting is real.
Yearly averages · HM Land Registry Price Paid Data
The average property in L45 sold for £510,000 in 2022, with a median of £510,000 across 1 transactions. Prices rose 200.0% compared to the previous year.
House price ÷ median earnings · ONS data
Affordability data shown for wider Wirral area
A home in Wirral costs 6.1x the local median salary — moderate, improving from a peak of 7.3x in 2021.
Average monthly rent · ONS Private Rental Index
Rental data shown for wider Wirral area
Average monthly rent in Wirral is £827, up 6.3% 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 Wirral price of £510,000 with a 25% deposit (£128k), a 2-year fixed mortgage at 3.97% costs around £2,013 per month.
Monthly cost comparison based on current data
Uses L45 avg. price with Wirral rental data
Monthly mortgage payments (£2,013) are £1,186 more than renting (£827). However, buying requires an upfront deposit of £128k — it would take around 487 years to recoup that cost compared to renting and investing the difference.
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
GRAND HOTEL, MARINE PROMENADE L45 2JT | Other | £510,000 | 28 Jan 2022 |
78, GROVE ROAD L45 3HW | Other | £170,000 | 17 Dec 2021 |
GRAND HOTEL, MARINE PROMENADE L45 2JT | Other | £550,000 | 5 Apr 2017 |
215, SEABANK ROAD L45 1HE | Other | £120,000 | 30 Jun 2014 |
25, SEAVIEW ROAD, WALLASEY L45 4QN | Semi-detached | £75,000 | 8 Aug 2003 |
39, VIRGINIA ROAD L45 2LH | Semi-detached | £42,000 | 5 Jun 2000 |
4, DUDLEY ROAD L45 9JP | Semi-detached | £25,000 |
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.
| 3 Mar 1999 |
4, DUDLEY ROAD, WALLASEY L45 9JP | Semi-detached | £20,000 | 22 Sept 1998 |
94, VICTORIA ROAD, WALLASEY L45 2JF | Flat/Maisonette | £17,500 | 21 Oct 1996 |
94, VICTORIA ROAD, WALLASEY L45 2JF | Flat/Maisonette | £17,500 | 21 Oct 1996 |
94, VICTORIA ROAD, WALLASEY L45 2JF | Flat/Maisonette | £17,500 | 31 May 1996 |
94, VICTORIA ROAD, WALLASEY L45 2JF | Flat/Maisonette | £17,500 | 31 May 1996 |
The most recent recorded sale in L45 was a other property on Marine Promenade for £510,000 in January 2022. Across the last 12 sales, the median price was £42,000.