One Liverpool neighbourhood saw house prices rise by 61% in one year, making it the area with the fastest growing property prices in Merseyside.
House prices have soared during the pandemic, thanks to a combination of pent up demand, a small supply of houses, and the desire for more space and rural living.
However, analysis of ward-level figures from the Office for National Statistics show significant local variation when it comes to rising house and flat prices across Merseyside.
READ MORE: Mum 'disgusted' as rat ch ews through daughter's carpet in area 'overrun' with vermin
The Central ward in Liverpool saw property prices increase faster than anywhere else in Merseyside in the year to June 2021, with the average home in the neighbourhood selling for around £125,000.
That was up by 61% from the average sale price of £77,495 the year before.
The average cost was also more than double the £60,000 you would typically have paid in the area in the year to June 2001.
House prices in the ward still don’t come anywhere near the most expensive in Merseyside - which can be found in Heswall in Wirral, where the average house sold for £380,000 in the year to June 2021 (down by 1% from £382,000 the year before).
Also making it into the top five neighbourhoods for price growth is Riverside in Liverpool. The average property there sold for £131,017 in the year to June 2021, up 46% from £90,000.
It was followed by Birkenhead and Tranmere in Wirral, where a typical home sold for £82,000 (up 34% from £61,000), West Kirby and Thurstaston in Wirral, where the average price was £371,875 (up 34% from £278,000), and Windle in St Helens, where homes sold for £170,000 on average (up 25% from £136,000).
At the other end of the scale, some neighbourhoods have actually seen house prices drop in the last year.
The area to lose the most value was Page Moss in Knowsley, which saw the price of the average property drop from £157,998 in the year to June 2020 to £125,000 in the year to June 2021.
It’s a drop of 21%, and a loss of £32,998 in value.
Also seeing steep losses were Northwood in Knowsley (£105,000, down 19% from £129,950), and St Michaels in Knowsley (£129,975, down 19% from £160,000).
The figures are a crude average and don’t take into account the type of property sold. As such, the average price may be skewed for wards that have seen a small number of sales in the last year.
Increases and decreases might also reflect change in the types of property sold, for example if lots of new flats have been built in an area that was previously made up of detached homes.
Neighbourhoods to see fastest house price growth
Local Authority // Ward // Year to June 2020 // Year to June 2021 // % change
- Liverpool // Central // £77,495 // £125,000 // 61%
- Liverpool // Riverside // £90,000 // £131,017 // 46%
- Wirral // Birkenhead and Tranmere // £61,000 // £82,000 // 34%
- Wirral // West Kirby and Thurstaston // £278,000 // £371,875 // 34%
- St. Helens // Windle // £136,000 // £170,000 // 25%
- Wirral // Claughton // £155,000 // £190,000 // 23%
- Liverpool // Norris Green // £105,000 // £125,000 // 19%
- St. Helens // West Park // £96,950 // £115,000 // 19%
- Wirral // Wallasey // £184,000 // £218,000 // 18%
- Sefton // Linacre // £63,375 // £75,000 // 18%
Neighbourhoods to see the least house price growth
Local Authority // Ward // Year to June 2020 // Year to June 2021 // % change
- Knowsley // Page Moss // £157,998 // £125,000 // -21%
- Knowsley // Northwood // £129,950 // £105,000 // -19%
- Knowsley // St Michaels // £160,000 // £129,975 // -19%
- Knowsley // Prescot South // £181,998 // £150,000 // -18%
- Sefton // Litherland // £138,500 // £115,500 // -17%
- Knowsley // Cherryfield // £118,500 // £99,950 // -16%
- Liverpool // Kirkdale // £135,000 // £115,000 // -15%
- Knowsley // Whitefield // £140,000 // £120,000 // -14%
- St. Helens // Bold // £145,000 // £127,000 // -12%
- Liverpool // Everton // £119,750 // £105,500 // -12%
Neighbourhoods with the highest house prices
Local Authority // Ward // Year to June 2020 // Year to June 2021 // % change
- Wirral // Heswall // £382,000 // £380,000 // -1%
- Wirral // West Kirby and Thurstaston // £278,000 // £371,875 // 34%
- Sefton // Harington // £350,000 // £365,250 // 4%
- Wirral // Hoylake and Meols // £254,500 // £299,500 // 18%
- Liverpool // Mossley Hill // £262,500 // £287,500 // 10%
- Liverpool // Church // £238,000 // £277,000 // 16%
- Liverpool // Woolton // £245,000 // £275,500 // 12%
- Sefton // Blundellsands // £252,000 // £269,000 // 7%
- Sefton // Manor // £225,000 // £258,500 // 15%
- Wirral // Greasby, Frankby and Irby // £220,000 // £257,075 // 17%
Neighbourhoods with the lowest house prices
LA // Ward // Year to June 2020 // Year to June 2021 // % change
- Sefton // Linacre // £63,375 // £75,000 // 18%
- Liverpool // County // £68,000 // £77,500 // 14%
- Liverpool // Picton // £85,000 // £80,500 // -5%
- Wirral // Birkenhead and Tranmere // £61,000 // £82,000 // 34%
- St. Helens // Town Centre // £86,000 // £85,000 // -1%
- Liverpool // Anfield // £78,000 // £85,000 // 9%
- Wirral // Seacombe // £82,000 // £88,000 // 7%
- Sefton // Derby // £82,500 // £88,975 // 8%
- St. Helens // Parr // £79,950 // £89,950 // 13%
- Knowsley // Cherryfield // £118,500 // £99,950 // -16%
Receive newsletters with the latest news, sport and what's on updates from the Liverpool ECHO by signing up here
