The latest ‘Price Paid Data’ includes details of more than 93,800 residential and commercial land and property sales in England and Wales.
The latest property price paid data has been released by the Land Registry and it includes details of more than 93,800 residential and commercial land and property sales in England and Wales lodged for registration in October 2016.
Overall, 68,459 properties sold were freehold, while 13,053 were newly built, with 427 residential sales in October taking place in England and Wales for £1 million and over.
|
Property type |
October 2016 |
|
Detached |
21,724 |
|
Semi-detached |
23,373 |
|
Terraced |
23,441 |
|
Flat/maisonette |
18,733 |
|
Other |
6,595 |
|
Total |
93,866 |
The most expensive residential sale in October 2016 was of a terraced property in the London Borough of Kensington & Chelsea for £11,250,000.
The cheapest residential sale in October 2016 was of a flat in Blyth, Northumberland for £15,000.
As far as UK house prices are concerned, the latest figures from Office for National Statistics (ONS) – relating the month of September – show that prices increased by an average of £16,000 to almost £218,000 in the year to September.
The average cost of a home rose by 7.7% in the year, while climbing 0.2% between August and September, the ONS said.
With an annual rise of 8.3%, homes in England saw the biggest price jump.
In the London borough of Kensington and Chelsea, the average cost of a home in September was £1.4 million.
At the cheaper end of the market, the average cost of a home in Wales stood at £146,000 in Wales and £124,000 in Northern Ireland.
The cheapest area of all to buy a home is Blaenau Gwent in South Wales, where properties cost around £76,000, the UK House Price Index revealed.
You can see how much your home compares in value here.