Selling Prices of Properties throughout England

In March 2011, the Land Registry released data on property sales that took place in February 2011 across England and Wales. The average house price at that time was £161,588 but the actual sale prices vary greatly. Since then the data has been continuously updated. The properties listed are either detached, semi-detached, terraced or flats/maisonettes. Today I’m going to find out how much the cheapest and most expensive properties sold for in each region this year and what postcode they were located in. Properties can create bubbles which can in turn influence the costs neighbouring areas.

This information can give prospective buyers a rough idea of how property prices vary in each region. Landlords in particular need to be aware of property values as the success of their investment is determined by market values. Once a purchase has been made, it is important they protect their investment with property insurance.

South West

Most expensive: £3,500,000 detached house in Poole,
postcode BH13 7RL – [17/01/2012]
Cheapest: £32,000 flat/maisonette in Somerset,
postcode TA21 8LT – [03/02/2012]

South East

Most expensive: £13,000,000 detached house in Surrey,
postcode KT13 0QA – [23/01/2012]
Cheapest: £8,500 flat/maisonette in West Sussex,
postcode BN12 4EQ – [13/01/2012]

London

Most expensive: £10,200,000 flat/maisonette in Greater London,
postcode SW1X 0JU [31/02/2012]
Cheapest: £52,000 flat/maisonette in Greater London,
postcode UB8 2LJ [18/01/2012]

East Anglia

Most expensive: £3,650,000 detached house in Hertfordshire,
postcode CM23 2JN [27/01/2012]
Cheapest: £19,000 flat/maisonette in Suffolk,
postcode IP2 8GW [27/01/2012]

East Midlands

Most expensive: £1,525,000 detached house in Northamptonshire,
postcode LE15 8PA – [13/02/2012]
Cheapest: £10,000 flat/maisonette in Lincolnshire,
postcode LN2 4FQ – [15/02/2012]

West Midlands

Most expensive: £999,000 detached house in Worcestershire,
postcode DY9 9SS – [13/01/2012]
Cheapest: £16,000 flat/maisonette in Staffordshire,
postcode WS11 1DY – [23/02/2012]

North West

Most expensive: £1,824,960 detached house in Cheshire East,
postcode WA16 8NS – [07/02/2012]
Cheapest: £19,000 terraced house in Greater Manchester,
postcode M11 4GN – [31/01/2012]

Yorkshire and the Humber

Most expensive: £2,500,000 detached house in North Yorkshire,
postcode HG3 3EU – [10/01/2012]
Cheapest: £10,000 terraced house in the City of Kingston upon Hull,
postcode HU9 2TX – [10/02/2012]

North East

Most expensive: £1,875,000 detached house in Middlesbrough,
postcode TS7 0JB – [27/01/2012]
Cheapest: £10,000 terraced house in County Durham,
postcode DL13 5DX – [16/02/2012]

In summary it is evident that the North/South divide remains, with London’s cheapest property being 5 times more expensive than the cheapest in the North East and Yorkshire respectively. Another interesting observation is that cheaper properties in the north tend to be terraced houses which can potentially offer buyers more (in square feet) than the higher priced cheap flats/maisonettes in the south.