The document analyzes property price falls in England and Wales over the last year, identifying the top 10 areas with the largest price drops. 9 of the 10 areas are located in northern England, with Newcastle, Liverpool and Leeds areas featuring prominently. Price falls have impacted both expensive and affordable properties, and regions like the North West saw multiple areas make the list.

1. LARGEST PRICE FALLS
Mouseprice.com can today reveal the top ten areas in England and Wales which experienced
the largest falls in house prices in the last 12 months.
st
SUMMARY TABLE
Annual
Postcode Average Average No of Transactions
Rank Name price
sector value 2010 value 2011 properties since 2000
change
1 City Road area, Newcastle NE1 2 £154,326 £140,587 -8.9% 1483 908
East Lancashire Road area, Croxteth,
ast
2 Liverpool L11 0 £73,056 £68,191 -6.7% 731 138
3 Leeds Railway Station area LS1 4 £180,230 £168,973 -6.2% 1680 1390
4 Southwick area, Sunderland SR5 5 £76,595 £71,813 -6.2% 3927 1035
5 Newcastle Rail area, Newcastle NE1 3 £186,845 £176,176 -5.7% 642 701
6 Moorgate Road roundabout, Kirkby
orgate L32 7 £76,365 £72,036 -5.7% 915 310
7 Moor Park area, Blackpool FY2 0 £112,220 £106,025 -5.5% 7100 4958
8 Willenhall Road area, Wolverhampton WV1 2 £89,844 £84,887 -5.5% 4375 1358
9 Norris Green, Liverpool L11 2 £74,806 £70,737 -5.4% 1807 364
10 Gleadless Valley area, Sheffield S14 1 £76,114 £72,318 -5.0% 4583 963
A clear pattern has emerged in the data, with 9 of the 10 areas listed in the rankings being
located in the north of England. Number 8 WV1 2 is the only entry located in the Midlands. All
f 8,
of the entries to the list are located in urban and residential areas in a mixture of towns and
cities. This shows that property price falls are not limited to areas with high proportions of buy-
to-let investment properties, commonly seen in city centre developments.
et properties
Two of the entries on the list have current average values which are higher than the national
average (number 3 in the LS1 4 area and number 5 in the NE1 3 area). The majority of entries to
the list contain listings with low average values however. This suggests that falls in value can
values,
sometimes be determined by how expensive or desirable the properties are in an area area.

2. The North West is the region that appears most frequently in the list, containing 4 of the
postcode sectors. This is followed by the North East with 3 and then Yorkshire & the Humber
with 2. The West Midlands appears once on the list.
The average values in the table above relate to the postcode sector rather than the specific
street or area name. The names attached to each postcode sector are provided to give an
indication as to where the area is located.
AREA NAME:
City Road area, Newcastle, NE1 2
AREA DESCRIPTION/ BRIE SYNOPSIS:
IEF
The postcode sector NE1 2 is located in Newcastle city centre, with Byker Bridge and railway
rail
lines to the north and the River Tyne to the south.
iver
The property here mostly consists of developments of flats. Modern, purpose built blocks
include: Mariners Wharf and Lime Square. An example of a converted warehouse in the area is
Pandongate House.
An example of a development in which property has sold for less than it was bought is Mariners
i
Wharf on the Quayside.
EXAMPLE OF WHAT IS ON SALE HERE AT THE MOMENT:
N
http://www.mouseprice.com/property-for-sale/ref-10528573
http://www.mouseprice.com/property
For Sale with: Bridgfords
Location: Thornton Street, Newcastle
,

3. Price: £140,000
Link to area: http://goo.gl/EUydB
AREA NAME:
East Lancashire Road area, Croxteth, Liverpool, L11 0
Liverpool
AREA DESCRIPTION/ BRIEF SYNOPSIS:
IEF
The postcode sector L11 0 is located close to Gilmoss Industrial Estate, in Croxteth, Liverpool
Liverpool.
The area can be found south west of the M57.
The majority of sold properties in the area are terraced, with some semi-detached houses.
propert detached
An example of a street in which property has sold for less than it was bought for is Gillmoss
i
Close, L11 0BH.
EXAMPLE OF WHAT IS ON SALE HERE AT THE MOMENT:
N M
http://www.mouseprice.com/property-for-sale/ref-7923085
http://www.mouseprice.com/property
For Sale with: Whitegates
Location: Dodman Road, Liverpool
Price: £77,000
Link to area: http://goo.gl/AZZCx

4. AREA NAME:
Leeds Railway Station area, Leeds, LS1 4
AREA DESCRIPTION/ BRIEF SYNOPSIS:
IEF
This area is located in central Leeds, with Leeds Railway Station to the south east, the A58 Inner
east
ring road to the east and the Leeds-Liverpool canal to the south.
The property stock mostly consists of developments of flats, such as West Point. The flats sold in
the area are a mixture of new build and older developments.
An example of a development in which property has sold for less than it was bought is West
i
Point, on Wellington Street, LS1 4JJ.
EXAMPLE OF WHAT IS ON SALE HERE AT THE MOMENT:
XAMPLE
http://www.mouseprice.com/property-for-sale/ref-10558955
http://www.mouseprice.com/property
For Sale with: Hudson Moody Wass
Location: Wellington Street, Leeds
,
Price: £154,950
Link to area: http://goo.gl/9nk4V

5. AREA NAME:
Southwick area, Sunderland, SR5 5
AREA DESCRIPTION/ BRIEF SYNOPSIS:
IEF
The postcode sector SR5 5 is located in the northern edge of Sunderland. The area is residential,
with Sunderland Enterprise Park to the south and Sunderland Shopping Centre to the south
east. Newcastle Road can also be found to the east.
The sold properties in SR5 5 are a mixture of terraced and semi-detached. An example of a
detached.
street in which property has sold for less than it was bought in SR5 5 is Redmond Square.
Square
EXAMPLE OF WHAT IS ON SALE HERE AT THE MOMENT:
N M
http://www.mouseprice.com/property-for-sale/ref-888289
http://www.mouseprice.com/property
For Sale with: Good Life Estate Agents
Location: Rawdon Road, Sunderland
,
Price: £89,950
Link to area: http://goo.gl/v07A4

6. AREA NAME:
Newcastle Rail area, Newcastle, NE1 3
AREA DESCRIPTION/ BRIEF SYNOPSIS:
IEF
NE1 3 is situated in the heart of Newcastle with Newcastle Central Station to the west. It is
Newcastle, west
located a mile and a half away from NE1 2, the area with the largest price fall in England and
Wales.
Flats make up the vast majority of the housing stock in the area. An example of a street in which
ar
property has sold for less than it was bought in NE1 3 is Hanover Street.
EXAMPLE OF WHAT IS ON SALE HERE AT THE MOMENT:
N M
http://www.mouseprice.com/property-for-sale/ref-8472619
http://www.mouseprice.com/property
For Sale with: Living Spaces
Location: Hanover Mill, Newcastle
Price: £124,950
Link to area: http://goo.gl/AgQXT

7. AREA NAME:
Moorgate Road roundabout, Kirkby, L32 7
AREA DESCRIPTION/ BRIEF SYNOPSIS:
IEF
This area is located in the south of Kirkby, with Kirkby Golf Course in the north west and
Knowsley Industrial Park to the East. The area is under a mile away from L11 0, the area that has
East 0
seen the second largest fall in property prices.
Sold properties in the area consist mainly of terraces and semi-detached houses. An example of
detached
a street in which property has sold for less than it was bought in L32 7 is Roughdale Avenue.
it
EXAMPLE OF WHAT IS ON SALE HERE AT THE MOMENT:
N M
http://www.mouseprice.com/property-for-sale/ref-9759640
http://www.mouseprice.com/property
For Sale with: Express Estate Agency
Location: Dalry Crescent, Liverpool
Price: £89,950
Link to area: http://goo.gl/BonM7

8. AREA NAME:
Moor Park area, Blackpool, FY2 0
AREA DESCRIPTION/ BRIEF SYNOPSIS:
IEF
FY2 0 is located in the north of Blackpool, close to Moor Park and the North Shore Golf Course.
The area is about a mile from the sea.
The houses sold in the area tend to be semi-detached or detached, with some flats. An example
of a street in which property has sold for less than it was bought i Valentia Road, FY2 0RW.
is
EXAMPLE OF WHAT IS ON SALE HERE AT THE MOMENT:
N M
http://www.mouseprice.com/property-for-sale/ref-10087815
http://www.mouseprice.com/property
For Sale with: Metcalf Estate Agents
Location: Inver Road, Blackpool
Price: £129,950
Link to area: http://goo.gl/bgWr1

9. AREA NAME:
Willenhall Road area, Wolverhampton, WV1 2
AREA DESCRIPTION/ BRIEF SYNOPSIS:
IEF
WV1 2 can be found in East Wolverhampton, in the area in and around Willenhall Road, north of
illenhall
Birmingham New Road.
Houses sold in the area are predominantly terraced or semi-detached. An example of a street in
xample
which property has sold for less than it was bought is Plascom Road, WV1 2DQ.
i 2DQ
EXAMPLE OF WHAT IS ON SALE HERE AT THE MOMENT:
N M
http://www.mouseprice.com/property-for-sale/ref-10136624
http://www.mouseprice.com/property
For Sale with: Dixons Estate Agents
Location: Essington Way, Wolverhampton
Price: £100,000
Link to area: http://goo.gl/d6PFA

10. AREA NAME:
Norris Green, Liverpool, L11 2
AREA DESCRIPTION/ BRIEF SYNOPSIS:
IEF
L11 2 is located in the north east of Liverpool, in Norris Green. Gillmoss Industrial Estate is to the
Green
north, while Norris Green Park is to the south. Croxteth Country Park is to the east. The area is
very close to number 2 and 6 in the rankings, L11 0 and L32 7.
Houses sold in the area are mainly semi-detached with some detached properties and flats.
Sandway Crescent, L11 2SN is an example of a street in which property has sold for less than it
th
was bought.
EXAMPLE OF WHAT IS ON SALE HERE AT THE MOMENT:
N M
http://www.mouseprice.com/property-for-sale/ref-8168154
http://www.mouseprice.com/property
For Sale with: Whitegates
Location: Carr Lane, Liverpool
,
Price: £69,950
Link to area: http://goo.gl/KB815

11. AREA NAME:
Gleadless Valley area, Sheffield, S14 1
AREA DESCRIPTION/ BRIEF SYNOPSIS:
IEF
S14 1 is situated in a leafy residential area in the south of Sheffield, close to Graves Park and
Lees Hall Golf Club.
The properties sold in the area are predominantly flats and terraced houses, with some
detached homes.
An example of a street in which property has sold for less than it was bought for in the area is
Blackstock Road, S14 1GA
EXAMPLE OF WHAT IS ON SALE HERE AT THE MOMENT:
N M
http://www.mouseprice.com/property-for-sale/ref-4308515
http://www.mouseprice.com/property
For Sale with: William H Brown
:
Location: Spring Close Mount, Sheffield
Mount
Price: £66,900
Link to area: http://g.co/maps/qwrbn

12. METHODOLOGY
The latest research from Mouseprice.com reveals the top ten localities where average values
have fallen the most over the last 12 months. Average values are derived from the average AVM
(automated valuation model) output for all properties within the postcode sectors at the
specific point in time. AVM technology uses a combination of actual sales and surveyor data.
Anecdotal evidence of areas with greater price falls can be misleading if it is based on either
greater
single instances of repossession or cases where the owners have not yet sold (i.e. have yet to
crystallise their losses).
This is a retrospective analysis that makes no prediction with regards to future price change.
to
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