From a Cheap Chapel to a Pricey Property!
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.
- Pali Teesside Fundraising Walk
- Groundsure's NEW GeoRisk and GeoRisk + mining reports for property transactions/conveyancers
- Pali Joins Forces With Redbrick Solutions
- Terrafirma's brand new education series - UK Ground Hazards and Property: The Risks you need to know
- Pali Smart Quote SDLT Calculator Updated
Subscribe to receive a weekly update of our blog posts