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The most expensive homes sold on Merseyside this year so far

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A detached property in an exclusive quarter of Formby was the most expensive home sold on Merseyside in the first three months of this year, according to the latest numbers from the Land Registry.

The house located at 4 Shireburn Road in Freshfield formby Sold for £2.25m on February 1 Victoria Roadwhich has been dubbed ‘Millionaire’s Row’ thanks to the number of exclusive properties in the area.

Jurgen Klopp, Wayne Rooney, John Parrott and Brendan Rogers have all lived in the Freshfield area over the years. Four of Formby’s most expensive real estate transactions took place between January and March of this year, according to Land Registry numbers.

Read more:Liverpool’s largest duplex apartment “fit for a footballer” at Tobacco Warehouse

The second most expensive house according to the most recent numbers was the Orrick House in Gayton Lane, Wirral. The house sold for £1.95 million on February 18.

The third highest number, at 26 Stanley Street, Wirral, was sold for £1.35 million on February 18. The fourth, was at 27 Thames Lane, Formby. The house was sold for £1.18 million on January 28.

The home at 5A Burrell Road, Prenton, was the fifth most expensive to sell. The house was changed hands for £1.02 million on February 16.

8 Breeze Road in the Berkdale area of ​​Southport, it was the sixth best seller on Merseyside. Ownership of the house was changed hands at number eight for £890,000.

The Old Rectory on Acrefield Road in Walton came in seventh. The house was changed hands for £888,100 on February 25.

In eighth place was 51 Meols Drive, Hoylake, Wirral. The detached house sold for £880,000 on January 7.

Two homes in The Pinewoods, off Victoria Road in Formby, ranked ninth and tenth on the list. Number 1 The Pinewoods sold for £861,800 on February 11. Number 4 The Pinewoods sold for £830,000 on February 21.



Victoria Road, Formby. (Beck Andrew Tipay).

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The home on Stanley Park Avenue South in Anfield was the cheapest property sold on Merseyside between January and March of this year. The house, located at 208 Stanley Park Avenue South, sold for £25,000.

Flat 10, 165 Roxburgh Street, Bootle, was the second cheapest place on the list. The flat was changed ownership for £35,000 on January 20.

Flat B, at 53 Rocky Lane, Anfield, Liverpool, was the third cheapest. The apartment sold for £39,999 on January 6.

In fourth place was 76 Wedge Street, Haydock, St. Helens. The listed house sold for £40,000 on February 18.

The house listed at 35 Allington Street, Liverpool, was the fifth cheapest house. The property sold for £40,000 on 8 March.

In sixth place was a house located on 22 Beechden Street, Liverpool. The listed house sold for £40,000 on March 8.

Apartment 21, Bower House, Manorside Close, Wirral, was the seventh cheapest apartment. The apartment sold for £45,000 on January 7.

An apartment on Bath Street in Southport sold for £45,000 on March 7. In ninth place was 101 Liscard Road, Wallasey. Ownership changed hands for £47,000 on February 15.

Apartment at 65A Poulton Road, Wallasey sold for £47,000 on February 24.

Average house prices across the UK rose 10.9% in the year to February 2022, up from 10.2% in January 2022, according to the latest figures from the Office for National Statistics.

Between the start of 2016 and the end of 2019, there was a general slowdown in UK house price growth, driven primarily by the slowdown in southern and eastern England. The start of 2020 saw a rebound in annual growth in the housing market before the coronavirus restrictions were imposed at the end of March 2020.

Recent price increases may reflect a combination of factors including some potential changes in housing preferences and response to changes in property transaction taxes across states. In July 2020, the chancellor announced the suspension of tax paid on property purchases in England and Northern Ireland, with a similar suspension announced in Scotland and Wales.

In England and Northern Ireland, estates worth up to £500,000 would have no tax, while Scotland and Wales thresholds were £250,000. This may allow sellers to demand higher prices as the overall costs to buyers are reduced. Scotland’s tax exemption expired on March 31, 2021. It was extended until June 30, 2021 in Wales, while in England and Northern Ireland, it was extended until the same date but the minimum would then be reduced to £250,000 before it expires on September 30, 2021.

This may be the reason for the demand rush in mid-2021, with annual prices rising to a 13.5% increase in the year through June 2021. There was another smaller rush in September, with 11.5% annual growth that month.

According to the Land Registry, 22,298 home sales were recorded for January, 29,353 in February, and 9,519 in March. It may take several weeks for sales to be recorded after they are completed, so some sales from later in the period may not be listed yet. The impact of the coronavirus means that it takes longer to register sales.

The Land Registry also warned that its services are likely to be disrupted due to the pandemic, especially the process of registering a new sale, which likely means a longer delay between the completion of the home sale and the update of the register in the Land Registry. Based on data covering the period to date, across England and Wales, there have been £1,883 million or more in sales, including 374 priced at £2 million or more.

The Land Registry lists the price paid for each purchased property at market value. The data also includes sales under sale/repossession authority, buy-to-let (where identifiable through mortgage) and transfers to non-private individuals.

Since the data depends on the buyers or attorneys recording the sale and the price paid in the Land Registry, errors may occur in the listings, and are usually corrected at a later time. Issues can include numbers with too many numbers or co-ownership prices paid for a portion share listed as the full price.

During the same period, the most expensive home sold in England and Wales was 14 Hyde Park Gate, London, Kensington and Chelsea, Greater London, SW7 5DG, a balcony house, which sold for £22,700,494 on 6 January. The other end, the least expensive was 36 Kenilworth Court, Washington, Sunderland, Tyne and Wear, NE37 3EA, a flat, which sold for £16,500 on January 25.

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