At the start of this month, property portal Rightmove revealed Wallasey to be the location in the UK that has seen the sharpest increase in property prices over the past 12 months (the year to April). The average asking price for a home in the Merseyside town rose by 15.6% to reach £176,707, an annual increase of £24,000. Meanwhile, Birkenhead was ranked fourth on the list, having seen an increase of 12.4% over the course of the year.
One in three properties in Wallasey sold within a week, compared to the national average of around one in four, and Rightmove predicts that the strong rise in house prices will continue for at least the rest of the year, partly because the average asking price in both Wallasey and Birkenhead is well below the national average of £327,797, and partly due to the recent temporary stamp duty holiday extension.
Rightmove also reported that in the current red hot market, estate agents are increasingly prioritizing property viewings for buyers who are ready to proceed with a purchase straight away, with half of the surveyed estate agents requiring prospective buyers to already have a buyer in place for their current home before being allowed to view properties. First-time buyers need to have a mortgage already agreed in principle by many agents before viewings.
Wallasey residents may be unsurprised by the popularity of their town on the mouth of the River Mersey, which has experienced something of a boom in recent years, along with many areas of Merseyside. The seaside resort of New Brighton, with its famous lighthouse, Victorian District and £60 million Marine Point shopping and leisure complex, continues to draw thousands of visitors every year, while the clean and sandy beach offers spectacular views of both the Liverpool city skyline and ships sailing out into the Irish Sea.
Bartletts regularly handles the conveyancing process for property buyers and sellers in Wallasey and across Merseyside. Louise Nelson is a solicitor with 39 years experience of helping people buy and sell property in the area. Louise heads a friendly team of experienced conveyancers. Jenny Thomas, Louise Drewry and Lucy Baines have detailed knowledge of the files they work on, meaning when you call you will get prompt answers and updates.
Our firm is Law Society Accredited for Conveyancing Quality, and offers competitive fixed fees, no obligation free quotations and no hidden costs. Find out more and get in touch with our local experts today: