HOUSE prices dropped by 1.5% – more than the average for the North West – in Wirral in January, new figures show.

The drop contributes to the longer-term trend, which has seen property prices in the area suffer a 1.6% annual decline.

The average Wirral house price in January was £207,238, Land Registry figures show – a 1.5% decrease on December.

Over the month, the picture was different to that across the North West, where prices decreased 0.6%, and Wirral was lower than the 0.5% rise for the UK as a whole.

Over the last year, the average sale price of property in Wirral fell by £3,500 – putting the area 22nd among the North West’s 35 local authorities with price data for annual growth.

The highest annual growth in the region was in West Lancashire, where property prices increased on average by 8%, to £240,000. At the other end of the scale, properties in Burnley lost 12.1% of their value, giving an average price of £101,000.

First steps on the property ladder

First-time buyers in Wirral spent an average of £174,500 on their property – £3,400 less than a year ago, but £38,300 more than in January 2019.

By comparison, former owner-occupiers paid £238,200 on average in January – 36.5% more than first-time buyers.

Property types

Owners of terraced houses saw the biggest fall in property prices in Wirral in January – they dropped 1.8% in price, to £158,429 on average. Over the last year, prices dropped by 2.7%.

Among other types of property:

Detached: down 1.2% monthly; down 0.7% annually; £352,789 average

Semi-detached: down 1.5% monthly; down 1.1% annually; £233,384 average

Flats: down 1.5% monthly; down 2.1% annually; £122,002 average

How do property prices in Wirral compare?

Buyers paid 3.6% less than the average price in the North West (£215,000) in January for a property in Wirral. Across the North West, property prices are low compared to those across the UK, where the average cost is £282,000.

The most expensive properties in the North West were in Trafford – £352,000 on average, and 1.7 times the price as in Wirral. Trafford properties cost 3.5 times the price as homes in Burnley (£101,000 average), at the other end of the scale.

The highest property prices across the UK were in Kensington and Chelsea, at £1.2 million.


Average property price in January

Wirral: £207,238

The North West: £215,082

UK: £281,913

Annual change to January

Wirral: -1.6%

The North West: +1%

UK: -0.6%

Highest and lowest annual growth in the North West

West Lancashire: +8%

Burnley: -12.1%