Liverpool vs London: comparing the cities’ property markets
Both Liverpool and London boast thriving food and drink scenes, rich cultural heritage and masses of historic architecture. But when it comes to pricey property the capital is out on its own with the average house setting you back an eye-watering £600k. Your Move has drilled down into the housing markets to find out how far your money goes in these two great cities.
Words by Lawrence Saunders
As the well-known Samuel Johnson saying goes, “when a man is tired of London, he is tired of life; for there is in London all that life can afford”.
When it comes to the latest food, fashion and just about any other trend you can think of, nine times out 10 you’ll find the capital at the epicentre.
However, according to figures released in July, the number of people leaving the city has reached a five-year high, with more now waving goodbye to the Big Smoke than moving there.
Soaring property prices have been blamed for the mini-exodus, and whilst most are heading to the likes of Cambridge and Canterbury, many have realised it’s not quite so grim up North.
Any Londoners relocating to Liverpool would be forgiven for thinking they haven’t left thanks to our collection of exquisite listed buildings and street names such as Pall Mall, Whitechapel and Covent Garden to name but a few.
We’ve compared three pairs of properties across a trio of distinct locations in both cities to give you an idea of what you can get for your hand-earned cash.
Mossley or Primrose Hill
Top: Carnatic Road, Mossley Hill, Liverpool; Bottom: Chalcot Road, Primrose Hill, London
During the mid 1990s, Primrose Hill in North London was the place to be. Located next to the forever-cool Camden Town, its stucco-fronted houses and Victorian terraces were home to likes of Noel Gallagher, Jude Law and Kate Moss.
Whilst the area might have lost some of its once mischievous edge, it remains one of the most fashionable London postcodes with a plethora of trendy independent shops, hipster pubs and exclusive restaurants.
A particularly magnificent four-bedroom terraced house on Chalcot Road in the heart of the district will set you back a cool £3,950,000.
A short walk from Primrose Hill itself – a 213ft mound in Regent’s Park – this exquisite family home is set over five floors and boasts a stylish double reception room with doors leading to a spectacular terrace perfect for entertaining.
Whilst Liverpool’s Mossley Hill might not be able to compete with the exalted former residents of its semi-namesake in the capital (Kim Cattrall and Freddie Mercury aside) it can confidently match the quality of its housing stock.
A stunning five-bedroom detached home on the opulent Carnatic Road, a stone’s throw from Sefton Park, is on the market for offers over £1,00,000.
Clever use of glazing and a range of functional design features have been combined to create a truly unique property which was shortlisted for a Northern Design Award.
The striking full height entrance hall creates a breathtaking centrepiece to this family residence which includes an ultra modern fitted kitchen, swanky en suite shower room off the master bedroom and a beautiful lounge with bi-folding doors leading out onto a substantial rear garden.
Lark Lane vs Stoke Newington
Top: Ullet Road, Liverpool; Bottom: Clissold Park, London
Whilst other parts of Liverpool may be increasingly considered as the city’s trendiest district none can match the rustic cool and laidback charm of Lark Lane.
A 10-minute stroll around leafy Sefton Park from the quaint shops and trendy bars of ‘the Lane’ is a plush two-bedroom duplex apartment on Ullet Road. Housed on the ground floor of a converted Grade II-listed mansion, it’ll set you back £200,000.
Filled with character, the flat possesses an open plan kitchen and living area with arresting views over the gardens to the rear, as well as an impressive mezzanine level currently utilised as an office.
Head 200 miles or so south from Aigburth and you’ll find Stoke Newington in North West London.
‘Stokey’, as it’s lovingly referred to by residents, shares much of Lark Lane’s villagey feel as well as its eclectic mix of independent retailers and hip food and drink venues.
A two-bedroom maisonette set within an exclusive gated development on the edge of the picturesque Clissold Park can be rented for £1,800 pcm.
Standout features include a fully fitted modern kitchen, open plan reception area, access to a shared terrace and a 24-hour concierge service.
Top: Cargo Building, Liverpool; Bottom: The Corniche, London
Liverpool and London are the proud owners of two of the UK’s most instantly recognisable skylines.
As you’d expect, there’s a premium to pay for a home overlooking the Royal Liver Building or The Shard.
For example, a three-bedroom luxurious apartment here in Liverpool with views of Albert Dock, Mann Island and the River Mersey will cost you £1,800 pcm.
For this you’ll get three double bedrooms, two bathrooms and a generously sized balcony on which to enjoy your magnificent views.
Meanwhile in the capital a three-bed lavish apartment nestled on the side of the River Thames with equally awe-inspiring views of the Palace of Westminster will leave you needing to find £7,800 pcm.
Extravagant facilities at The Corniche on Albert Embankment include a pool, spa, ‘vitality room’, ‘Skyline Club Lounge’ and a 24-hour Harrods concierge service.
Residents can also enjoy five star extras at the neigbouring Dumont building including ten-pin bowling, a private cinema, billiards room and an observatory.