Living in Liverpool? Everything You Need to Know about the Merseyside Property Market
Liverpool is a diverse, exciting city with property opportunities to suit every budget. All of Liverpool’s different areas have their own unique vibes and benefits, from the fast-paced excitement of the city centre to the peaceful serenity of the suburbs. Liverpool has one of the best transport networks in the country, world-renowned cultural offerings, and a famous history of music, art, and entertainment. Voted the European City of Culture in 2008, Liverpool is one of the most desirable property markets for families and investors alike.
For everyone who is thinking about living in Liverpool but doesn’t know where to buy, here is everything you need to know about the Merseyside property market, from our top choices of areas to live, to what you can expect to pay.
Our Top 6 Picks for Merseyside Property
For buyers looking to be right in the action, Liverpool city centre has it all! From fascinating museums and historical and cultural sites, to independent clothing stores and hipster coffee shops cafes. The city centre boasts hundreds of the best bars, restaurants and clubs in the UK, and is also the perfect location for accessing Liverpool’s transport links.
With the city centre under non-step development, there are many fantastic housing options available. Many young professionals and families go for one of the luxury apartments on the waterfront overlooking the river and the city’s skyline. In terms of price, the sheer number of these new-build apartments means that you should be able to find a great deal, and you can even buy off-plan so that your apartment is finished to your exact specifications.
Just six miles from the hustle and bustle of Liverpool city centre is the charming village of Woolton. Set in beautiful green countryside, with quaint 19th century architecture, beautifully restored terraced houses, and friendly local pubs, Woolton is the perfect place to buy if you are looking for a quieter life, but still want to be within easy commuting distance to the city. Woolton has many fascinating landmarks such as the church where Lennon and McCartney met, and so the village is much loved by locals and tourists alike.
While property prices in Woolton are higher than many other areas around the city, it is a wonderful place to raise a family with beautiful Reynolds Park, friendly locals, and convenient transport links which will take you directly to the city in no time.
Allerton is another of Merseyside’s highly sought-after property locations. There is an eclectic mix of residents including young professionals, students, and families, and Allerton provides a diverse choice of properties to cater for their needs. Like Woolton, Allerton is ideal for those who want to take a breather from the frantic pace of the city. Allerton boasts many green spaces such as Calderstones Park, as well as excellent primary and secondary schools.
Aigburth is an excellent choice for buyers whose budget is a little more modest. This suburb is located on the south side of Liverpool, and offers some of the best bang for your buck when it comes to the city’s property market. With both Lark Lane and the promenade nearby, Aigburth residents are spoilt for choice when it comes to cool cafes and shops. Over the past few years, Aigburth has become the number one choice for young professionals, first time buyers, and young families, with many of its larger properties being turned into spacious two- and three-bedroom apartments. You can also find modern studios at a fantastic price, and even Victorian era townhouses with views across the river.
Not far from Aigburth is the suburb of Cressington, which is widely considered to be one of the city’s most exclusive and desirable areas. Cressington is known for its spacious manor houses and period homes as well as the huge number of new developments providing hundreds of new-build family homes. Cressington is a top choice for families who want access to the area’s highly regarded schools, beautiful green spaces, and fantastic restaurants and coffee shops.
Childwall has become famous for being the location of Lime Pictures Studio which has produced many TV shows such as the soap opera ‘Hollyoaks’. The area has many of the city’s most glamorous bars and restaurants which are the regular hangouts of footballers and their wives and girlfriends. Childwall is set in beautiful green surroundings and has many top-end detached and semi-detached family homes.
Average Property Prices in Liverpool
While property prices in Liverpool are constantly on the rise (+1.78% between March 2020 and March 2021), they are still lower than the national average. These affordable rates combined with the quality of living in and around the city make Liverpool the perfect place to buy.
The average property price across the whole of Liverpool in March 2021 was £182,534 which is around 40% lower than in London.
Here is the breakdown of property prices for different types of housing and the change in prices between March 2020 and March 2021:
- Detached houses: Average price = £289,037; Change in price = +1.18%.
- Semi-detached houses: Average price = £172,260; Change in price = -1.71%.
- Terraced houses: Average price = £135,139; Change in price = +0.28%.
- Apartments: Average price = £126,251; Change in price = +1.81%.
Liverpool Property Prices by Area
- Allerton, Mossley Hill (L18) — £569,778
- Ince Blundell, Hightown (L38) — £451,052 –
- Formby, Little Altcar, Great Altcar (L37) — £335,533
- Blundellsands, Brighton-le-Sands, Crosby, Little Crosby, Thornton (L23) — £280,327
- Lunt, Sefton Village (L29) — £231,115
Most Affordable Prices
- City Centre, Everton, Fairfield, Kensington, Tuebrook (L6) – £119,781
- Anfield, Everton, Kirkdale, Vauxhall (L5) – £134,058
- Bootle, Orrell (L20) – £136,139
- Anfield, Kirkdale, Walton (L4) – £138,882
- Stockbridge Village (L28) – £176,681
The Future of Property in Liverpool and Merseyside
The Liverpool and Merseyside property market has enjoyed a significant book for years, with average house prices increasing by 12% in the last five years, but as they are still well below the average across the UK. With major investment being put into the city through projects like the Northern Powerhouse (£14 billion), further increases in prices are universally predicted. Furthermore, the regeneration of every area of Liverpool means that crime rates are falling year on year, so that even previously undesirable areas are now becoming hot property locations. With all of this in mind, Liverpool is a fantastic property market for young professionals, first-time buyers, growing families, and investors alike.
How Kuavo can Help You Find Your Dream Liverpool Property
Whether you are a first-time buyer or an experienced property investor, it is always better to use a local estate agent when purchasing a new property. Our offices are just outside Liverpool and our estate agents are all highly knowledgeable and experienced about the local area and what to look for. We can help you find a property that suits your needs and budget, and negotiate on your behalf to get the best price possible for your purchase. In addition, you’ll be able to see all the best Liverpool and Merseyside properties in one place, rather than having to go from office to office looking for what you want. All our agents have an extensive knowledge of buying and selling houses, so they can guide you through every step of the process from start to finish. If anything goes wrong during or after your purchase, we have all the experience necessary to deal with it.
Liverpool is an amazing city with an incredible history, a rich culture, and properties to suit every requirement and budget. With so many different areas to choose from, you are sure to find your dream property whatever your needs. At Kuavo, we know exactly where to look for the best properties for everyone who is planning on living in Liverpool, and how to ensure our clients get the most bang for their buck!
Get in touch with our expert agents and we will help you to secure the best properties in Liverpool at the best prices!