The most expensive and the cheapest home sales in England and Wales

Latest official figures also show a sharp drop in home repossessions

Latest Land Registry figures of more than 78,100 residential property sales in England and Wales in November 2013 show that the most expensive sale during the month was in Kensington and Chelsea where a property sold for £14,850,000. The cheapest sale was located in Sunderland at £10,000. 

Overall, November house prices were up 0.1 per cent compared to October, with the average house price in England and Wales worth £165,411, although other property indices suggest the figure is much higher.

The report also reveals that there were 1,036 repossessions in England & Wales during September 2013, a drop of around a quarter over the same period last year.

Unsurprisingly, the region in England and Wales which experienced the greatest increase in its average property value over the last 12 months was London with a jump 10.6 per cent.During September 2013 the number of completed house sales in England & Wales increased by 24 per cent to 65,378 compared to September 2012 while the number of properties soldfor over £1 million in September 2013 increased by 60 per cent to 1,020.

Mark Harris, chief executive of mortgage broker SPF Private Clients, said: "With funding more readily available than at any time in the past five years, many buyers are finally able to realise their property-ownership dream. This surge in demand is pushing up prices, particularly in London, where supply is already limited. Gazumping and sealed bids are becoming commonplace as relatively ordinary properties fetch a premium. Many buyers are worried that if they don't take the plunge now, they will be priced out further.

"Repossessions continue to fall although the fact that any borrowers are struggling when interest rates are at historic lows is telling. The high cost of living and failure of incomes to keep pace means some homeowners are getting into difficulty. While lenders need to continue to show forbearance, the government also needs to ensure that safety nets are in place to help the most vulnerable."

Discover more property articles at Homes and Property
Property search
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

iJobs Job Widget
iJobs General

Recruitment Genius: Software Support Analyst - Level 2

Negotiable: Recruitment Genius: This leading provider of financial software so...

Recruitment Genius: Accounts Administrator

£14000 - £16000 per annum: Recruitment Genius: This is a security software com...

Recruitment Genius: Telemarketing / Sales Co-ordinator - OTE £25,000+

£10000 - £25000 per annum: Recruitment Genius: This provider of staffing and r...

Recruitment Genius: Kitchen Porter

£19000 per annum: Recruitment Genius: One of the four inns of Court is seeking...

Day In a Page

War with Isis: Iraq declares victory in the battle for Tikrit - but militants make make ominous advances in neighbouring Syria's capital

War with Isis

Iraq declares victory in the battle for Tikrit - but militants make make ominous advances in neighbouring Syria
Scientists develop mechanical spring-loaded leg brace to improve walking

A spring in your step?

Scientists develop mechanical leg brace to help take a load off
Peter Ackroyd on Alfred Hitchcock: How London shaped the director's art and obsessions

Peter Ackroyd on Alfred Hitchcock

Ackroyd has devoted his literary career to chronicling the capital and its characters. He tells John Walsh why he chose the master of suspense as his latest subject
Ryan Reynolds interview: The actor is branching out with Nazi art-theft drama Woman in Gold

Ryan Reynolds branches out in Woman in Gold

For every box-office smash in Ryan Reynolds' Hollywood career, there's always been a misconceived let-down. It's time for a rethink and a reboot, the actor tells James Mottram
Why Robin Williams safeguarded himself against a morbid trend in advertising

Stars safeguard against morbid advertising

As film-makers and advertisers make increasing posthumous use of celebrities' images, some stars are finding new ways of ensuring that they rest in peace
The UK horticulture industry is facing a skills crisis - but Great Dixter aims to change all that

UK horticulture industry facing skills crisis

Great Dixter manor house in East Sussex is encouraging people to work in the industry by offering three scholarships a year to students, as well as generous placements
Hack Circus aims to turn the rule-abiding approach of TED talks on its head

Hack Circus: Technology, art and learning

Hack Circus aims to turn the rule-abiding approach of TED talks on its head. Rhodri Marsden meets mistress of ceremonies Leila Johnston
Sevenoaks is split over much-delayed decision on controversial grammar school annexe

Sevenoaks split over grammar school annexe

If Weald of Kent Grammar School is given the go-ahead for an annexe in leafy Sevenoaks, it will be the first selective state school to open in 50 years
10 best compact cameras

A look through the lens: 10 best compact cameras

If your smartphone won’t quite cut it, it’s time to invest in a new portable gadget
Paul Scholes column: Ross Barkley played well against Italy but he must build on that. His time to step up and seize that England No 10 shirt is now

Paul Scholes column

Ross Barkley played well against Italy but he must build on that. His time to step up and seize that England No 10 shirt is now
Why Michael Carrick is still proving an enigma for England

Why Carrick is still proving an enigma for England

Manchester United's talented midfielder has played international football for almost 14 years yet, frustratingly, has won only 32 caps, says Sam Wallace
Tracey Neville: The netball coach who is just as busy as her brothers, Gary and Phil

Tracey Neville is just as busy as her brothers, Gary and Phil

The former player on how she is finding time to coach both Manchester Thunder in the Superleague and England in this year's World Cup
General Election 2015: The masterminds behind the scenes

The masterminds behind the election

How do you get your party leader to embrace a message and then stick to it? By employing these people
Machine Gun America: The amusement park where teenagers go to shoot a huge range of automatic weapons

Machine Gun America

The amusement park where teenagers go to shoot a huge range of automatic weapons
The ethics of pet food: Why are we are so selective in how we show animals our love?

The ethics of pet food

Why are we are so selective in how we show animals our love?