Key indicators for buyers
The L62 market is moderately favourable for buyers. 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 L62 sold for £15,000 in 2001, with a median of £15,000 across 1 transactions.
2001averages · HM Land Registry Price Paid Data
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 £15,000 with a 25% deposit (£4k), a 2-year fixed mortgage at 3.97% costs around £59 per month.
Monthly cost comparison based on current data
Uses L62 avg. price with Wirral rental data
Monthly mortgage payments (£59) are £768 less than renting (£827). However, buying requires an upfront deposit of £4k — it would take around 1 years to recoup that cost compared to renting and investing the difference.
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
13, MARQUIS STREET, WIRRAL L62 1DQ | Detached | £15,000 | 30 Nov 2001 |
The most recent recorded sale in L62 was a detached property on Marquis Street for £15,000 in November 2001. Across the last 1 sales, the median price was £15,000.
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.