Market outlook for L61
Key indicators for buyers
The L61 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.
Price trends
Yearly averages · HM Land Registry Price Paid Data
The average property in L61 sold for £10,000 in 1995, with a median of £10,000 across 1 transactions.
Prices by property type
1995averages · HM Land Registry Price Paid Data
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 £10,000 with a 25% deposit (£3k), a 2-year fixed mortgage at 3.97% costs around £39 per month.
Rent vs buy snapshot
Monthly cost comparison based on current data
Uses L61 avg. price with Wirral rental data
Monthly mortgage payments (£39) are £788 less than renting (£827). However, buying requires an upfront deposit of £3k — it would take around 1 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 |
|---|---|---|---|
2, MILL HILL ROAD, WIRRAL L61 4UB | Detached | £10,000 | 31 Jan 1995 |
The most recent recorded sale in L61 was a detached property on Mill Hill Road for £10,000 in January 1995. Across the last 1 sales, the median price was £10,000.
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.