Market outlook for L24
Key indicators for buyers
The L24 market looks favourable for buyers. Prices have softened (-35.6%), which could present a buying opportunity. Affordability has improved from a peak of 5.2x in 2007 to 4.7x today. Rising rents (£888/mo, +6.6%) mean the cost of waiting is real.
Price trends
Yearly averages · HM Land Registry Price Paid Data
Prices by property type
2026averages · HM Land Registry Price Paid Data
Affordability ratio
House price ÷ median earnings · ONS data
Affordability data shown for wider Liverpool area
A home in Liverpool costs 4.7x the local median salary — relatively affordable, improving from a peak of 5.2x in 2007.
Rental trends
Average monthly rent · ONS Private Rental Index
Rental data shown for wider Liverpool area
Average monthly rent in Liverpool is £888, up 6.6% year-on-year. Rents have risen consistently over the past five years.
Monthly mortgage
2yr fixed · 75% LTV · 25yr term · BoE avg. rate
Based on the average Liverpool price of £153,500 with a 25% deposit (£38k), a 2-year fixed mortgage at 3.97% costs around £606 per month.
Rent vs buy snapshot
Monthly cost comparison based on current data
Uses L24 avg. price with Liverpool rental data
Monthly mortgage payments (£606) are £282 less than renting (£888). However, buying requires an upfront deposit of £38k — it would take around 5 years to recoup that cost compared to renting and investing the difference.
Recent sales
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
7, ESCOTT ROAD L24 0AB | Terraced | £170,000 | 15 Jan 2026 |
114, HANSBY DRIVE, SPEKE L24 9LW | Semi-detached | £137,000 | 13 Jan 2026 |
15, ESCOTT ROAD L24 0AB | Semi-detached | £210,000 | 19 Dec 2025 |
23, CASCADE ROAD, SPEKE L24 9LH | Flat/Maisonette | £93,500 | 18 Dec 2025 |
26, CENTRAL AVENUE L24 3XQ | Terraced | £150,000 | 16 Dec 2025 |
16, WADE BROOK WAY L24 1WN | Semi-detached | £255,000 | 12 Dec 2025 |
9, CHURCH END MEWS, HALE VILLAGE L24 4EB | Terraced |
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.