Exact Liverpool postcodes where prices are soaring

Whether you're looking to buy or you're already a homeowner, it's smart to keep an eye on house prices.

If you decide to put your house on the market, it's sensible to know roughly how much it's going to be worth.

Property hot spots and upcoming areas are constantly changing in Liverpool – and keeping an eye on which areas are in demand is a common hobby for many homeowners.

Whether it's keeping an eye on what you can afford in your dream neighbourhood or hoping your house price has gone up if you're putting it on the market – it's something plenty of us take an interest in.

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But one postcode has seen house prices shooting up more than anywhere else in the city.

New figures compiled by Zoopla for the ECHO reveal which postcodes are seeing a spike in house prices across the region, with a bump in a number of areas.

If you think it would be the usual suspects like Mossley Hill and Formby boosting the figures you’d be wrong.

Property website Zoopla exclusively revealed the top ten performing Liverpool postcodes for house price growth over the past 12 months.

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Figures revealed L5 is the postcode where prices rose most across Liverpool, even compared to areas with much higher house prices.

The postcode, which covers Everton, saw a bigger price rise than any other area in terms of year on year price change.

According to Zoopla, the average current price for property in Everton stands at £83,500, which covers all kinds of property including houses and flats.

These are the top 10 best performing postcodes for house prices across Merseyside:

L5

Area: Everton

Current price: £83,500

Year on year price change: 2.9%

L2

Area: Cavern Quarter

Current price: £125,600

Year on year price change: 2.9%

L4

Area: Anfield

Current price: £75,900

Year on year price change: 2.9%

L6

Area: Newsham Park

Current price: £83,600

Year on year price change: 2.8%

L27

Area: Netherley

Current price: £96,700

Year on year price change: 2.7%

L28

Area: Stockbridge Village

Current price: £76,700

Year on year price change: 2.7%

L13

Area: Stoneycroft

Current price: £99,100

Year on year price change: 2.7%

L15

Area: Wavertree

Current price: £134,800

Year on year price change: 2.6%

WA11

Area: Rainford

Current price: £133,200

Year on year price change: 2.5%

L7

Area: Edge Hill

Current price: £102,900

Year on year price change: 2.5%

Why did these areas see the biggest year on year price change?

The ECHO asked some local property experts to explain why these areas saw the most dramatic rise in house prices compared to the rest of Merseyside.

Factors included a shortage in housing stock to meet demand, new build schemes in certain postcodes and first time buyers eyeing up different areas.

Regeneration efforts had also helped boost house prices in some areas, with certain postcodes also seen by buyers as offering incredible value for money.

Andrew McEvoy is a local property expert for online estate agency Purple Bricks.

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Explaining the figures, Mr McEvoy said: "House price growth throughout the city has been driven by lower property listings with increased demand from buyers since 2016.

"Like many other major cities in the UK, first time buyers in Liverpool are beginning to be faced with excessively high house prices as a barrier to purchasing a first home.

"Liverpool Council's regeneration plan has provided affordable housing and new build schemes in areas such as Anfield, Everton, Newsham Park and Edge Hill.

"This has led to these areas becoming increasingly popular with potential buyers due to variety of housing stock as well as high quality new homes via a variety of schemes designed to help buyers get on the property ladder while benefiting from their proximity to local amenities and the city centre."

Mr McEvoy added: "A further impact on house prices in these areas is due to their appeal to investors looking to maximise their rental returns with a promising outlook for capital growth and the high rental yields."

Peter Bellamy is the director of Northwood estate agents and he told the ECHO: "I would say that the main reason these areas are the fastest rising is because they have been suppressed for a long time and are now considered amongst the best value areas to buy in Liverpool, arguably the UK.

"Regeneration has certainly helped with new developments springing up in lots of these areas, especially on the outskirts of the City in areas like Kensington, Fairfield and Edge Hill."

He added: "Investors are looking for areas to invest in that will present high yields and good capital growth.

"I would say that Everton, Anfield and Newsham Park would be in many investors top ten areas to buy in Liverpool – add to that Kensington, Fairfield and Edge Hill mentioned previously.

"All these areas are popular with students and professionals in shared accommodation and private renters, particularly benefit claimants, in single lets where rents are affordable."

Mr Bellamy said: "Other areas on Zoopla’s list, like Netherley and Stockbridge Village, will be attractive to families looking for affordable homes; again they will be amongst the cheapest in the UK.

"These areas comprise mostly two to three bedroom garden terrace or semis. They will be popular with first time buyers and second steppers.

"They are within a five mile radius of the city centre and benefit from good transport links and local amenities. Investors may be tempted but more likely these areas will suit owner occupiers."

Explaining L13's position on the list, Mr Bellamy said: "L13 (Stoneycroft) which extends to Old Swan and Clubmoor, has always been popular with owner occupiers but more recently has caught the attention of investors with more generous budgets.

"These are well established residential areas with great transport links and an abundance of local amenities. They tend to attract families already living in these areas or wanting to put roots down – good news for the investor looking for a less transient tenant.

"The close proximity to Alder Hey and Broadgreen Hospitals also attracts NHS workers."

And finally, explaining the only city centre location on the list, Mr Bellamy said: "The Cavern Quarter, in the heart of the city is the only area identified within the city centre, where property prices tend to be higher.

"Most new developments in the city centre over the last decade or so have been large purpose built tower blocks along the waterfront.

"However, some of Liverpool’s older commercial buildings have now been brought back to life through conversion to residential accommodation.

"This offers a cheaper alternative for both investors and owner occupiers wanting to acquire a City Centre property."

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