The Housing Market in Liverpool

If you’re considering the purchase of a home in Liverpool and would like to learn more about the housing market, our guide is here to help.

Liverpool’s property costs fall below the national average, making it an ideal location for first-time buyers to step onto the property ladder. Current data from Zoopla (March 2021) lists the average property price in Liverpool is £182,534, which has increased by 1.78% over the last 12 months.

How Much Will It Cost to Purchase Property in Liverpool?

In the table below, you’ll find detailed information about the average price per property type, and how much those values have changed over the last 12 months.

The Most Expensive Areas to Buy Property in Liverpool

North West of Liverpool city centre, property prices in the Blundellsands, Brighton-le-Sands, Crosby, Little Crosby, and Thornton districts (L23) has seen a 12% increase over the last five years. This suburban area boasts stretches of beach and picturesque parklands, so it comes as no surprise that its property is highly coveted.

The most expensive area on our list, however, is the L37 postcode, which encompasses Formby, Little Altcar and Great Altcar. Each district is an average 30-minute drive from the city centre and offers a wide choice of housing options just off the coast.

Close to this area are Lunt and Sefton Village (L29), which have seen a 13% increase in property prices, emphasising how in-demand the North West of Liverpool has become.

Other expensive areas include upmarket suburbs like Allerton and Mossley Hill (L18), and Ince Blundell and Hightown (L38).

The average property price for each area (based on the average price in 2019) is as follows:

Formby, Little Altcar, Great Altcar (L37) — £335,533

Lunt, Sefton Village (L29) — £231,115

Ince Blundell, Hightown (L38) — £451,052

Allterton, Mossley Hill (L18) — £569,778

Blundellsands, Brighton-le-Sands, Crosby, Little Crosby, Thornton (L23) — £280,327

The Cheapest Areas to Buy Property in Liverpool

The L4 postcode bracket, which includes the Anfield, Kirkdale and Walton districts, has the most inexpensive properties in Liverpool. This area sees a lot of interest from buyers due to the range of housing options on offer, from affordable 2-bed flats to modern 4-bed townhouses.

North East of the centre, Stockbridge Village (L28) is the second least expensive area on our list. In recent years, over £25 million has been invested to develop family homes that replaced older tower blocks, creating lots of choice for first-time buyers.

The three remaining most affordable postcodes are L5 (Anfield, Everton, Kirkdale and Vauxhall), L6 (city centre, Everton, Fairfield, Kensington and Tuebrook) and L20 (Bootle and Orrell).

The average property price for each area (based on the average price in 2021) is as follows:

Anfield, Kirkdale, Walton (L4) – £138,882

Stockbridge Village (L28) – £176,681

Anfield, Everton, Kirkdale, Vauxhall (L5) – £134,058

City Centre, Everton, Fairfield, Kensington, Tuebrook (L6) – £119,781

Bootle, Orrell (L20) – £136,139

How Far Will Your Budget Go?

Everyone has their own preferences when looking at property, but we all want to ensure we get value for money. Using the most up-to-date statistics from Zoopla, we’ve compared the property prices in one of Liverpool’s most expensive suburbs with one of its more inexpensive areas.

A 2-bed flat in Formby – in the sought-after L37 postcode – is listed upwards of £220,000. For less than half of this amount, it’s possible to get a 3-bed terraced house in Anfield, and also benefit from a 12-minute commute into the city centre.

The Future of Liverpool’s Housing Market

There is mass development in Liverpool, with schemes such as the Northern Powerhouse rail line contributing to an investment total upwards of £14 billion. According to Zoopla, average house prices in the city rose by 12% between 2016 and 2021, but they still remain far below the UK average, encouraging first-time buyers to consider investing.

When similar properties from Liverpool, Manchester and London are compared, Liverpool’s value for money is undeniable, offering buyers a range of affordable property types in attractive metropolitan and rural settings. Additionally, there are plenty of inexpensive regeneration areas in northern Liverpool, including Bootle and Walton, which offer first-time buyers a variety of new-build homes.

With no slowdown to development plans that will likely attract more interest in the city’s properties, it is a great time to consider buying a house in Liverpool.