Key indicators for buyers
The L46 market is moderately favourable for buyers. Prices are rising at 800.0%, 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 L46 sold for £315,000 in 2017, with a median of £315,000 across 1 transactions. Prices rose 800.0% 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 £315,000 with a 25% deposit (£79k), a 2-year fixed mortgage at 3.97% costs around £1,243 per month.
Monthly cost comparison based on current data
Uses L46 avg. price with Wirral rental data
Monthly mortgage payments (£1,243) are £416 more than renting (£827). However, buying requires an upfront deposit of £79k — it would take around 20 years to recoup that cost compared to renting and investing the difference.
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
7, ARROWE AVENUE L46 0RY | Other | £315,000 | 1 Dec 2017 |
WIGTOWN HOUSE, BROSTER AVENUE, WIRRAL L46 6DU | Detached | £35,000 | 14 Dec 2001 |
3, STAVORDALE ROAD, WIRRAL L46 9PP | Detached | £50,000 | 25 Aug 1995 |
The most recent recorded sale in L46 was a other property on Arrowe Avenue for £315,000 in December 2017. Across the last 3 sales, the median price was £50,000.
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.