Wirral’s house prices climbed by 0.6% in November. This increase might seem modest, but it’s significant in the context of the overall UK property market. The average house in Wirral now costs £216,733, according to the Land Registry. This growth isn’t just a flash in the pan; over the past year, the Wirral’s property market has seen a steady increase of 2.3%.

The Wirral’s property market stands out even more when compared to the broader trends in the North West and the UK. In the North West, prices dipped by 0.9%, and the UK average saw a 0.8% decrease. This contrast highlights Wirral’s unique position in the market.

Over the last year, the Wirral ranked fifth among 35 local authorities in the North West for property price growth. The average sale price rose by £4,800. Meanwhile, West Lancashire topped the list with a staggering 9.6% increase, and Burnley saw a significant 11.1% drop.

First-Time Buyers and Property Types

For those taking their first step onto the property ladder in the Wirral, the average spend was £182,000 – a £3,500 increase from last year. In contrast, former owner-occupiers paid an average of £249,900 in November, showing a 37.3% higher investment than first-time buyers.

Different types of properties in the Wirral have experienced varied price changes:

• Flats: Saw the biggest jump in November, with a 1.6% monthly increase and a 1.8% annual rise, averaging at £126,085.
• Detached Houses: Experienced a 0.8% monthly and a 3.3% annual increase, reaching an average price of £374,619.
• Semi-Detached Houses: Went up by 0.7% monthly and 2.8% annually, costing £244,226 on average.
• Terraced Houses: Remained stable in November but grew 1.1% over the year, averaging £164,560.

Regional Comparison

In the North West, Wirral’s properties are priced slightly higher, costing 1.6% more than the regional average of £213,000. The most expensive properties in the North West are found in Trafford, costing 1.7 times more than in the Wirral.

National Perspective

Compared to the UK average of £285,000, Wirral’s property prices are more affordable. The highest prices in the UK are in Kensington and Chelsea, far surpassing those in the Wirral.