Wallasey Buy-to-Let Guide

Over the past year, the average property price in Wallasey stood at £173,465. Terraced properties dominated the sales market, commanding an average price of £139,331, while semi-detached properties fetched £219,864 on average, and flats sold for around £118,379.

Comparatively, the overall sales prices in Wallasey experienced a 6% decline compared to the preceding year yet remained in line with the peak seen in 2021, which averaged £173,358.

To put that into perspective, the average UK house price for the last year was £282,691, according to the Land Registry UK House Price Index.

This makes Wallasey properties around 47 % cheaper than the rest of the UK.

The Savills Residential Property Forecast predicts the North West region will see 20.2% capital growth. This is considerably better than the likes of London (13.9%) and the UK (17.9%) as a whole.

As a part of the North West region, Wallasey is bound to catch the attention of investors due to the region’s position in the UK property market.

According to HM Land Registry, the average property price in the North West is £215,082. This is significantly less than the national average.

However, the North West tends to offer better rental yields than many other locations across the United Kingdom. For example, the average yield in the UK is around 5.4%, while Wallasey has yields of 6.8% on average. In addition, the likes of Liverpool, Blackburn and Burnley all made it onto Zoopla’s list of the best-yielding cities.

If you want to invest in Wallasey, you’ll find prices can be less than the national average, while terraced properties are the most popular property type.

CH45 is the more affluent part of Wallasey, home to areas like New Brighton and Wallasey Village. Homes are more expensive here – with properties on Warren Drive exceeding £1,000,000 in property price.

These locations sit on the local rail network, allowing commuters to reach Liverpool, West Kirby and Chester (indeed, if you want to know about Chester property investment, check out our guide to Chester buy-to-let).

New Brighton has enjoyed plenty of regeneration in recent years and now has a popular concourse, complete with a Light cinema, Morrisons supermarket and multiple eateries, attracting visitors from across Merseyside.

Wallasey Village is home to St. Mary’s Catholic College and also provides access to the national motorway network and other parts of the Wirral, leading into Leasowe and Moreton.

Average Property Price in CH45

In the past year, properties in CH45 commanded an average price of £198,629.

Semi-detached properties were the most prevalent in CH45’s sales market, with an average selling price of £239,917. Terraced properties followed, selling for an average of £165,667, while flats fetched £117,602.

Overall, sold prices in CH45 over the last year experienced an 8% decrease compared to the previous year and a 1% decline from the peak in 2021, which stood at £201,340.

Average Rental Yield in CH45

The average rental yield in this area is 3.9%, though it is possible to find properties almost double that percentage, particularly in popular areas like New Brighton.

(Average property prices were taken from Rightmove in early 2024; gross rental yield estimates were calculated with figures from housesforsaletorent.co.uk in the same period)

Plenty of Things to Do

As aforementioned, the CH45 part of Wallasey offers plenty of things to do for locals. The regenerated New Brighton area has a stunning beach, arcades, funfair and other attractions. It is also home to the Floral Pavilion, which has regular shows and performances. The Victoria Road part of New Brighton underwent substantial change over the last six years or so, with numerous hip bars and independent eateries popping up.

New Brighton and Liscard have parks with plenty of green space, while the coastal walk from Seacombe to West Kirby is well worth doing at least once.

New Brighton, in particular, attracts people from all over due to its connection with the Beatles – the band played numerous times at the New Brighton Tower Ballroom. However, the tower has since been deconstructed, though a plaque commemorates their performances on the field that remains.

With the sheer amount of things to do and the multitude of amenities within walking distance of most properties, Wallasey could be a good place for investors looking to cater to families and young professionals.

Proximity to Liverpool

Wallasey boasts a strategic location ideal for those keen on easy access to Liverpool while preferring a more tranquil way of living.

The preferred mode of transportation for many commuters is the train, with regular services available from New Brighton and Wallasey Village to multiple stations in Liverpool city centre. The journey typically spans 20-25 minutes.

Commuters can also access Liverpool via bus or car, travelling through the Wallasey tunnel. Alternatively, commuters can go through the Birkenhead tunnel further away. The 432 and 433 bus routes operate through the Wallasey Tunnel.

Close proximity to Liverpool also makes Wallasey popular with students attending the University of Liverpool and Liverpool John Moores University – both of which sit in the city centre.

Investing in off-plan property provides an avenue for accessing newly built developments at a more economical price. Investors opting for off-plan commitments typically secure properties before completion, often benefiting from discounted rates compared to prevailing market prices.

Getting involved early can result in substantial capital appreciation with a relatively modest initial investment, as property values tend to increase as the off-plan project nears completion.

As with standard new-build investments, off-plan properties typically enjoy robust rental demand, especially in sought-after areas. This could potentially deliver reliable yields for years to come.

As Wallasey does not offer much by way of off-plan investment opportunities, those considering this strategy may want to check the likes of Liverpool and Manchester first.

Both cities have better rental yields than Wallasey – Liverpool also has comparative property values to the average Wallasey price.