Merseyside district where houses have lost a quarter of their value
A region of Merseyside has seen house prices plummet in 12 months.
The Duke area of Southport was one of the areas on Merseyside where house prices fell and bucked the upward trend in house prices. According to the Office of National Statistics, terraced houses in the neighborhood were the most affected as they fell by more than a quarter.
The district covers a large area of the seaside town, stretching along the coast and covering the promenade. The number of properties sold according to ONS figures stood at 265 for the year ending June 2021.
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The ONS has released statistics on the median price paid per ward for areas across the country, while the majority of areas in Sefton have remained the same, the Duke ward has seen the most dramatic change. For all properties in the area, median house prices have actually increased by just over £20,000.
But terraced houses in the area fell by £56,000, but detached houses in the area actually rose by £156,500 in the same year. House prices are generally on the rise in Sefton.
The number of townhouses sold remained at a similar level to the previous year, with the year ending in June 2020 with 20 properties sold and June 2021 with 21 properties sold. Although the number is not the highest, it still shows that it is an anomaly compared to other Sefton properties.
In fact, the only area of Sefton where house prices fell was Litherland. The median property price in the South Sefton area has risen from £138,500 to £115,500 in 12 months, completely bucking the trend in the borough.