Market outlook for L47
Key indicators for buyers
The L47 market is moderately favourable for buyers. Prices have softened (-5.7%), which could present a buying opportunity. 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.
Price trends
Yearly averages · HM Land Registry Price Paid Data
The average property in L47 sold for £330,000 in 2018, with a median of £330,000 across 1 transactions. Prices fell 5.7% compared to the previous year.
Affordability ratio
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.
Rental trends
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.
Monthly mortgage
2yr fixed · 75% LTV · 25yr term · BoE avg. rate
Based on the average Wirral price of £330,000 with a 25% deposit (£83k), a 2-year fixed mortgage at 3.97% costs around £1,302 per month.
Rent vs buy snapshot
Monthly cost comparison based on current data
Uses L47 avg. price with Wirral rental data
Monthly mortgage payments (£1,302) are £475 more than renting (£827). However, buying requires an upfront deposit of £83k — it would take around 22 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 |
|---|---|---|---|
12, GROVE PLACE L47 2DL | Other | £330,000 | 15 Oct 2018 |
SEAWAY COTTAGE, MARINE ROAD L47 2AS | Detached | £350,000 | 21 Mar 2016 |
72, ALDERLEY ROAD, WIRRAL L47 2BA | Detached | £60,000 | 21 Jul 2003 |
12, GROVE PLACE L47 2DL | Detached | £95,000 | 31 Aug 2000 |
1, CORWEN ROAD L47 3DP | Detached | £65,000 | 16 Jun 2000 |
SANDRINGHAM HOUSE, SANDRINGHAM AVENUE, WIRRAL L47 3BZ | Semi-detached | £75,000 | 11 Dec 1997 |
42, CABLE ROAD, WIRRAL L47 2BD | Semi-detached |
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.