UK property sells for £24.3 million more than Plymouth’s most expensive house

A UK property has sold for £24.3 million more than Plymouth’s most expensive house, situated in Roborough.

From April to June, the dearest house in the Ocean City sold for a huge £660,000 while Plymouth’s cheapest property sold for £60,000 on Glenfield Road, Plymouth.

Average house prices across the UK increased by 10% over the year to May 2021 up from 9.6% in April 2021, according to figures from the Office for National Statistics, the highest annual growth rate the country has seen since September 2007.

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Across the UK, house price growth was strongest in the North West where prices increased by 15.2% in the year to May 2021. The lowest annual growth was in London, where prices increased by 5.2% in the year to May 2021.

Reports from the Royal Institution of Chartered Surveyors’ reported strong increasing demand and a shortage of people putting their properties up for sale pushed up prices.

Recent price increases may reflect a range of factors including some possible changes in housing preferences and a response to the changes made to property transaction taxes across the nations.

Other explanations point towards the pandemic which may have caused house buyers to reassess their housing preferences.

In July 2020, the Chancellor announced a suspension of the tax paid on property purchases in England and Northern Ireland, with similar suspensions announced in Scotland and Wales.

In England and Northern Ireland, properties up to the value of £500,000 would incur no tax, while the thresholds for Scotland and Wales were £250,000. This may allow sellers to request higher prices as buyers’ overall costs are reduced.

Based on the data covering the period so far, across England and Wales, there were 1,013 properties which sold for £1m or more, including 158 at £2m or more.

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 (where they can be identified by a Mortgage) and transfers to non-private individuals.

Top 10: Most Expensive properties sold in Plymouth

1. £660,000 – 493 Tavistock Road, Roborough, Plymouth, City of Plymouth, City of Plymouth, PL6 7AA
2. £610,000 – 194 Dunraven Drive, Derriford, Plymouth, City of Plymouth, City of Plymouth, PL6 6AZ
3. £520,000 – 60 Furneaux Road, Plymouth, City of Plymouth, City of Plymouth, PL2 3EU
4. £500,000 – 23 Whiteford Road, Plymouth, City of Plymouth, City of Plymouth, PL3 5LU
5. £482,500 – 1 Athenaeum Street, Plymouth, City of Plymouth, City of Plymouth, PL1 2RQ
6. £475,000 – 36 Netton Close, Plymouth, City of Plymouth, City of Plymouth, PL9 8UL
7. £475,000 – 37 Tavistock Road, Plymouth, City of Plymouth, City of Plymouth, PL5 3AF
8. £470,000 – 24 Wheatridge, Plymouth, City of Plymouth, City of Plymouth, PL7 4QZ
9. £459,950 – 57 Colesdown Hill, Plymouth, City of Plymouth, City of Plymouth, PL9 8AG
10. £458,000 – The Retreat, Belle Vue Road, Plymouth, City of Plymouth, City of Plymouth, PL9 9NR

Top 10: Least Expensive properties in Plymouth

1. £60,000 – Flat 5, 75 Glenfield Road, Plymouth, City of Plymouth, City of Plymouth, PL6 7LN
2. £66,000 – 48 Warburton Gardens, Plymouth, City of Plymouth, City of Plymouth, PL5 1HX
3. £73,000 – Flat 39, Hermitage Court, 1, Ford Park, Plymouth, City of Plymouth, City of Plymouth, PL4 6QU
4. £80,000 – 83 Bicton Close, Plymouth, City of Plymouth, City of Plymouth, PL6 8RH
5. £84,000 – 103 Durnford Street, Plymouth, City of Plymouth, City of Plymouth, PL1 3QP
6. £86,000 – Flat 3, 151 Molesworth Road, Stoke, Plymouth, City of Plymouth, City of Plymouth, PL3 4AJ
7. £90,000 – 17 Barne Close, Plymouth, City of Plymouth, City of Plymouth, PL5 1DZ
8. £95,000 – Flat 26, Regent Court, 57, Regent Street, Plymouth, City of Plymouth, City of Plymouth, PL4 8BD
9. £100,000 – First Floor Flat, 35 Cotehele Avenue, Prince Rock, Plymouth, City of Plymouth, City of Plymouth, PL4 9NQ
10. £109,000 – 7 Hamoaze Avenue, Plymouth, City of Plymouth, City of Plymouth, PL5 1BQ

But how does Plymouth compare to the rest of the UK? Well, it’s no surprise the most expensive sale came from London for a whopping, eye watering, fantastic price of £25m. The UK’s cheapest dwelling was sold for £19,000 in Hartlepool.

Here is the list of most expensive and cheapest properties across England and Wales.

Top 10: Most expensive sales in April to June across England and Wales

1. £25,000,000 – 23 Upper Phillimore Gardens, London, Kensington and Chelsea, Greater London, W8 7HF, which is a detached house
2. £14,250,000 – 55 Clarendon Road, London, Kensington and Chelsea, Greater London, W11 4JD, which is a detached house
3. £11,500,000 – 9 The Little Boltons, London, Kensington and Chelsea, Greater London, SW10 9LJ, which is a semi-detached house
4. £7,400,000 – Hampton Place, Pipers End, Virginia Water, Runnymede, Surrey, GU25 4AW
5. £7,100,000 – Ginnels House, Sandpits Road, Richmond, Richmond Upon Thames, Greater London, TW10 7DT, which is a detached house
6. £6,275,000 – 23B Grove End Road, London, City of Westminster, Greater London, NW8 9BP, which is a detached house
7. £5,800,000 – 45 Banks Road, Sandbanks, Poole, Bournemouth, Christchurch and Poole, Bournemouth, Christchurch and Poole, BH13 7PP
8. £5,580,000 – 13 Pitt Street, London, Kensington and Chelsea, Greater London, W8 4NX
9. £5,472,500 – 11 Mallord Street, London, Kensington and Chelsea, Greater London, SW3 6DT
10. £5,350,000 – 59 Gregories Road, Beaconsfield, Buckinghamshire, Buckinghamshire, HP9 1HL

Top 10: Least expensive sales in April to June across England and Wales

1. £19,000 – 126 Sheriff Street, Hartlepool, Hartlepool, Hartlepool, TS26 8EN
2. £19,000 – 81 Neville Court, Sulgrave, Washington, Sunderland, Tyne and Wear, NE37 3DY
3. £20,500 – 9 South Terrace, Horden, Peterlee, County Durham, County Durham, SR8 4NG
4. £22,000 – 43 Cameron Road, Hartlepool, Hartlepool, Hartlepool, TS24 8DL
5. £22,500 – 130 Cornwall Street, Hartlepool, Hartlepool, Hartlepool, TS25 5RG
6. £22,500 – 14 Ninth Street, Horden, Peterlee, County Durham, County Durham, SR8 4LZ
7. £22,500 – 12 Newland Court, Alexandra Road, Hull, City of Kingston Upon Hull, City of Kingston Upon Hull, HU5 2NA
8. £23,000 – 108 Seventh Street, Horden, Peterlee, County Durham, County Durham, SR8 4JQ
9. £23,000 – 15 Spencer Street, Eldon Lane, Bishop Auckland, County Durham, County Durham, DL14 8TL
10. £24,950 – 25 Dale Street, Chilton, Ferryhill, County Durham, County Durham, DL17 0HQ

As the data relies on buyers, or their solicitors, registering the sale and the price paid with the Land Registry, mistakes in listings may happen, they are usually corrected at a later date. Issues can include figures with too many digits or shared ownership prices paid for a part share listed as the whole price.

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