From a Cheap Chapel to a Pricey Property!

Posted: 03/05/2012

The property figures for March have been released and revealed some interesting facts.

The cheapest property that was sold in March was a derelict stone Methodist Chapel in Knighton, Powys which sold for a tiny £7,500.

The most expensive property that was sold in March was a home in Arundel, West Sussex which had 3 bedrooms, 3 bathrooms and 2 reception areas and was sold for £11.8 million! The property was previously bought in 2005 for £1million, now that’s property pay back!

On the whole, house price figures from March, according to England and Wales Land Registry shown that values were down 0.6% in comparison with February. The figures for London outperformed the rest of the country with values increasing by 0.7%.

The average house price is around £163,000 and more than 55,000 properties were sold in England and Wales in March, which is up 13% compared with the same period last year. Unfortunately, Wales had the greatest annual loss with house prices dropping 4.4% for March.

Amanda McGovern, Pali Ltd
www.paliltd.com

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