The most and least expensive homes sold in England and Wales in the first three months of this year have been revealed - and the cheapest is a flat purchased for £15,000.
The super cheap property, which was sold in Sunderland, is just a fraction of the £58,986 deposit the average first-time buyer needs.
According to exclusive data compiled by The Mirror, the next cheapest property to have sold between January and March went for £16,500, again in Sunderland.
A terraced house is the next least expensive, selling for £17,000 in County Durham,
On the opposite end of the list, the most expensive home that has sold in the first three months of 2021 was an eye-watering £28,991,750 detached house in Kensington and Chelsea, London.
It’ll perhaps come as no surprise that the next two most expensive properties were also sold in Kensington and Chelsea too, with the second highest - a terraced house - costing £22,000,000, followed by an £18,300,000 home.
You can see the full list of the most and least expensive properties sold at the bottom of this article.
We’ve also noted in which incidences where the sale may have been a buy-to-let, a transfer to a company, or a repossession.
According to the Land Registry, 44,049 home sales have been registered for January, 9,558 for February, and 1,353 for March.
It may take several weeks for sales to be registered after completion so some sales from later in the period may not be listed yet.
The impact of coronavirus has also meant that it is taking longer than normal for sales to be registered.
Based on the data covering the period so far, there were 1,624 sales that cost £1million, and 306 there were above £2million.
The Land Registry lists the price paid for every property bought at market value.
The data also includes sales under a power of sale/repossessions, buy-to-lets and transfers to non-private individuals.
The new data comes after the Mirror rounded up five homes you can buy with a guide price of £10,000 or less at auction.
Meanwhile, separate data from estate agent Savills has shown fewer than a third of electoral wards across England and Wales have an average house price below £200,000.
The percentage has fallen from 44% five years ago.
Savills produced the findings by analysing Office for National Statistics (ONS) local house price data.
It said Nationwide Building Society has previously put the average price paid by a first-time buyer in the UK at £196,223.
High value locations are heavily concentrated in London and the South East of England.
Average prices exceeded £500,000 in more than half (54%) of electoral wards in London at the end of September 2020 and just under a quarter (24%) in the South East.
Ilford Town in Redbridge was the only London ward where the average house price was below £250,000, at £244,892.
Least expensive sales in January to March across England and Wales:
- 166 Collingwood Court, Washington, Sunderland, Tyne And Wear, NE37 3EF, which is a flat, sold for £15,000 on January 20
- 35 Kenilworth Court, Washington, Sunderland, Tyne And Wear, NE37 3EA, which is a flat, sold for £16,500 on January 05 (this sale may have been a buy-to-let, a transfer to a company, or a repossession)
- 6 Warren Street, Peterlee, County Durham, County Durham, SR8 4NA, which is a terrace house, sold for £17,000 on January 07
- 29 St Aidans Terrace, Trimdon Station, County Durham, County Durham, TS29 6BT, which is a terrace house, sold for £19,000 on January 11 (This sale may have been a buy-to-let, a transfer to a company, or a repossession)
- 40 Arthur Street, Chilton, Ferryhill, County Durham, County Durham, DL17 0PZ, which is a terrace house, sold for £20,000 on January 12 (this sale may have been a buy-to-let, a transfer to a company, or a repossession)
- 12 John Street, Eldon Lane, Bishop Auckland, County Durham, County Durham, DL14 8TP, which is a terrace house, sold for £20,000 on January 06 (this sale may have been a buy-to-let, a transfer to a company, or a repossession)
- 21 New Row, Eldon, Bishop Auckland, County Durham, County Durham, DL14 8UU, which is a terrace house, sold for £22,000 on February 05 (this sale may have been a buy-to-let, a transfer to a company, or a repossession)
- 17 Stephen Street, Hartlepool, Hartlepool, Hartlepool, TS26 8QA, which is a terrace house, sold for £22,500 on January 13
- 10 Suggitt Street, Hartlepool, Hartlepool, Hartlepool, TS26 8PY, which is a terrace house, sold for £23,500 on March 25 (this sale may have been a buy-to-let, a transfer to a company, or a repossession)
- 24 Howlish View, Coundon, Bishop Auckland, County Durham, County Durham, DL14 8ND, which is a terrace house, sold for £23,500 on January 20
Most expensive sales in January to March across England and Wales:
- 48 Phillimore Gardens, London, Kensington And Chelsea, Greater London, W8 7QG, which is a detached house, sold for £28,991,750 on January 19
- 20 Kensington Park Gardens, London, Kensington And Chelsea, Greater London, W11 3HD, which is a terrace house, sold for £22,000,000 on January 29 (this sale may have been a buy-to-let, a transfer to a company, or a repossession)
- 13 Kensington Park Gardens, London, Kensington And Chelsea, Greater London, W11 3HD, which is a terrace house, sold for £18,300,000 on January 29
- 32 Clare Lawn Avenue, London, Richmond Upon Thames, Greater London, SW14 8BG, which is a detached house, sold for £18,100,000 on January 28
- 39 Gilston Road, London, Kensington And Chelsea, Greater London, SW10 9SJ, which is a flat, sold for £16,325,000 on January 08
- 41 Gilston Road, London, Kensington And Chelsea, Greater London, SW10 9SJ, which is a terrace house, sold for £15,000,000 on January 20
- 80 Ladbroke Road, London, Kensington And Chelsea, Greater London, W11 3NU, which is a semi-detached house, sold for £15,000,000 on January 27
- 14 Greenaway Gardens, London, Camden, Greater London, NW3 7DH, which is a detached house, sold for £14,000,000 on January 29
- 20 Upper Phillimore Gardens, London, Kensington And Chelsea, Greater London, W8 7HA, which is a semi-detached house, sold for £13,400,000 on January 15
- 5 Hays Mews, London, City Of Westminster, Greater London, W1J 5PU, which is a terrace house, sold for £12,500,000 on January 12 (this sale may have been a buy-to-let, a transfer to a company, or a repossession)
