Free data lifts house price curtain for nosy neighboursMake Text Bigger
Property investors and nosy neighbours can drill down in to the Land Registry’s house sales data for free under new Government open access rules for public information.
The most expensive property sold in England and Wales was Dorchester Mansions, Ascot, Berkshire, with a price of £135 million – while the cheapest was Chapel House, High Common, Thetford, Norfolk, with a price tag of just £6,000.
The data shows 166 homes sold for £2 million plus, which would attract the new stamp duty rate of at least 7% imposed in Budget 2012.
The data offers street-level pricing and property details that is invaluable in checking out a neighbourhood as an investment prospect.
The first report covers 56,000 property transactions in England and Wales in February.
Information covered includes:
- Full address
- Price paid
- Date of transfer
- Property type
- Whether it is new build
- Whether it is freehold or leasehold
The data – updated monthly – is available as a free download from the Land registry website (csv format for spreadsheets).
Comparing data over periods of three months or more will give landlords and homeowners trend data as a basis for making decisions about buying or selling property.
The information also includes average house price data. February house prices were up a modest 0.1% since January. The average house price in England and Wales is now £161,588.
The most up-to-date figures show that the number of completed house sales in December increased by 8% to 61,470 compared to 56,875 in December 2010.
The number of properties sold in England and Wales for over £1 million in December 2011 decreased by 13% to 488 from 559 in December 2010.
The data is free to republish, providing the the information includes copyright and other official warnings.
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