£7,500 chapel was cheapest property sold in MarchMake Text Bigger
The cheapest property in England and Wales sold for just £7,500 in March.
The stone-built Methodist Chapel in Felindre, Knighton, Powys, is a derelict building in the main street of the small Welsh village.
The most expensive home sold in March was Southdown House, Amberley, Arundel, West Sussex, which changed hands for £11.8 million.
The property, boasting three bedrooms, three bathrooms and two receptions was bought by the current owners in May 2005 for £1 million.
Overall, March house price data for England and Wales from the Land Registry showed values were down 0.6% from February.
The average home price is £162,370 – although only detached homes came out as more than this figure at an average £251,112. The average fore semis, terraced houses and flats was £153,080, £122,075 and £149,229 respectively.
Although prices were generally down, London outperformed the rest of the country with values going up 0.7%. The North-East returned the highest monthly increase by increasing by 5.6%.
Wales returned the greatest annual loss – with prices dropping 5.5% – while the monthly price fall was 4.4%
More than 55,000 properties changed hands in England and Wales in March – up 13% on the same period last year.
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