Blog Post

Waterloo Road, Liverpool …the road where people move the most

Nov 26, 2018, 10:32 AM by Gillian Bell

Many folks say moving home is the most stressful thing. Moving home is like someone (and that someone is usually you and you are the cause of this devastation) has collected all your worldly goods, put them into brown boxes and into a lorry making your whole life look like a Amazon delivery van, only to spend the next six months unpacking it all, whilst unable to find important things like your bank cards, ‘those’ shoes or special jewellery!

 

We wish we could be instantly transported like in Star Trek “Beam me up Scotty to a blissful moved in state”.  Yet the week you move, it’s like an episode from the original 1960’s series Star Trek, when the crew had a transporter accident with an ion-storm sends Kirk and Spock into an alternate reality, where the caring Federation is the merciless Terran Empire, and the USS Enterprise is a warship and chaos eschews!!!

 

Star Trek aside, when you decide to move and before the stress of living out of cardboard boxes for months descends; first you trawl the portals (Rightmove/Zoopla/On The Market) to find a new house, which out of the hundreds of properties available to buy, you will probably only view around four or five of them, for no more than 20 minutes each. Then, you will arrange a second viewing of one or two of those initially viewed properties for the estate agency industry stated average of 30/45 minutes maximum (fascinating when you think most people take hours to decide what clothes or shoes to buy but minutes to spend hundreds of thousands of pounds on their next home!).  Then you put your property on the market with an estate agent, find a buyer for your Liverpool property, agree a price for both, then instruct solicitors. The property becomes sold ‘subject to euphuism’ ... sorry ‘contract’ … as solicitors and surveyors and mortgage companies pick holes in the paperwork, threatening to wreck the chain at any moment, whilst you can’t get too attached to the property you want to purchase in case the sale falls through … phew - stressful or what??!!

 

Is it worth it? Worth the stress? The brown cardboard boxes? Well many Liverpool people think so.

 

In the last 12 months, 229 families have sold and moved home in Liverpool (L3)

 

Yet the question I want raise is ... do people on certain streets in the L3 postcode move more often than others? Well, the answer might surprise you. I looked at the Land Registry for the all the property sales going back 23 years (to 1995) in the L3 postcode whilst also calculating the average value of a property on a particular street/road (to see if there was a correlation between price and moving). So initially looking at the top 10 streets in the postcode, in terms of pure out and out house sales, Waterloo Road is the winner with an average of 31.09 house sales per year (since 1995) as on the graph below.


image001

And to look at the bigger picture, the table below shows the top 25 streets, with the average value of a property on that street.  As you can see, there is no correlation between the average value of a property and the number of times a property gets sold on that street.

Street

Average Value of a Property
On that Street/Road

Average Number of
Properties Sold per Year (since 1995)

Waterloo Road

£189,847

31.09

Ellerman Road

£154,816

25.48

South Ferry Quay

£213,014

21.57

Old Hall Street

£165,427

16.57

Pall Mall

£139,162

16.17

William Jessop Way

£175,432

14.26

Mann Island

£176,617

14.22

Quebec Quay

£211,160

13.83

London Road

£90,131

13.30

Leeds Street

£144,558

12.74

Hatton Garden

£160,824

11.70

Armstrong Quay

£162,098

11.13

Princes Gardens

£124,106

9.91

The Anchorage

£159,255

9.43

The Colonnades

£332,239

9.13

Rumford Place

£195,337

8.96

St Andrew Street

£120,023

7.39

Bixteth Street

£154,779

5.87

Navigation Wharf

£243,643

5.30

Brook Street

£226,080

5.04

Colin Drive

£94,152

4.48

Lockfields View

£115,498

3.70

Standish Street

£117,665

3.74

Burroughs Gardens

£90,141

3.35

Mariners Wharf

£143,315

3.22

 

However, I still felt the information wasn’t telling the whole story … some roads in Liverpool have many more properties on than others, so I wanted to then compare the average number of properties sold by the actual number of properties on that street, to find out the streets whose owners proportionally moved (or sold more often) than the rest of the locality.

In the next article, (and I promise I won’t mention Star Trek again), I will answer that question in great depth ... and the results should (as they did me) certainly raise an eyebrow. The question is ... do you live on one the top 25 Liverpool most saleable streets in Liverpool (L3)?

Come back to my Liverpool Property Blog for the next article to find out!

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