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Most expensive house sales by area revealed

regents park mansion

Last week it was reported in The Financial Times that a Regent’s Park mansion is set to be the most expensive house ever sold in London, with offers expected to hit £250m. But until it sells, the latest research by lettings and estate agent, Benham and Reeves, has revealed which property sales ranked top as the most expensive over the last year and how the value of these top of the table transactions differ by region.

Benham and Reeves analysed sold price records from the Land Registry, looking at residential property purchases to have completed in 2022, revealing which ranked top as the most expensive across each area of England and Wales.

London predictably sits top of the table as the region to have seen the most expensive home sold in 2022. A terraced home, No.1 Hyde Park Place in Westminster, sold for a staggering £38.5m in January of last year.

The South East ranks second, with the most expensive sale seen in 2022 being Parkhill, a detached home on East Road in the prestigious gated community of St Georges Hill in Elmbridge. The home sold in May of last year for £16m, quite a sum, but some way off the record set in London.

Cherington Hill House in Stratford-upon-Avon was the most expensive home sold in the West Midlands last year, going for £9.3m, while in the South West, Moonshadow, a detached home in Cornwall, sold for £8.125m.

In the East of England, No.31 Newlands Avenue in Hertsmere topped the table with a sold price of £6.5m.

No.15 South Downs Drive in Hale, Trafford, and No.13 Adderstone Crescent in Newcastle were the most expensive homes sold in the North West and North East, commanding £6m and £5.3m respectively.

In the East Midlands, Normanton Manor in Rushcliffe went for £4.55m, while Douthwaite Hall in Ryedale was the most expensive home sold in Yorkshire and the Humber at £4.125m.

Finally, Shirecombe in the Southgate area of Swansea sold for £2.5m making it the most expensive transaction seen across Wales in 2022.

Director of Benham and Reeves, Marc von Grundherr, commented:

“Despite the rate of house price growth across London trailing the rest of the nation throughout the pandemic property market boom, the region remains home to the highest property values in the land.

The Capital is also unrivalled when it comes to the highest sum of money changing hands during a singular property transaction, with even the South East failing to come close in this respect.

It’s also important to note that when it comes to the most expensive homes sold, the Land Registry doesn’t record properties sold by offshore companies, where shares are sold and the sale is therefore not recorded. We had one such sale last year to the tune of £20m on Berkeley Square and so the likelihood is that London’s most expensive house sale even eclipses that of No.1 Hyde Park Place.

Still, it’s fascinating to see how the value paid for the most expensive home in each region differs and doing so really highlights the fragmented nature of the market, with a gap of £36m between London and Wales.

That’s not to say that the homes being purchased are any less impressive and it really does highlight the premium a property will carry, simply because it’s located within London.”

Table shows the most expensive home sold in each region of England and Wales in 2022
Location Sold Price Date of Completion Property Type New or existing Tenure House Number/ Name Street Locality District County Postcode Land Registry Code
London £38,500,000 20/01/2022 Terraced Existing Freehold 1 Hyde park place City of Westminster Greater London W2 2LH {E7B085FC-6A47-7E31-E053-6C04A8C0E67F}
South East £16,000,000 17/05/2022 Detached Existing Freehold Parkhill East road St Georges hill Elmbridge Surrey KT13 0LE {E073986B-C4AC-2134-E053-6C04A8C0233B}
West Midlands region £9,300,000 06/07/2022 Detached Existing Freehold Cherington hill house Cherington Stratford-on-avon Warwks CV36 5HZ {EED73E76-54DA-6AF3-E053-6C04A8C08ABA}
South West £8,125,000 14/10/2022 Detached Existing Freehold Moonshadow Trebetherick Cornwall Cornwall PL27 6SF {EED73E75-48EA-6AF3-E053-6C04A8C08ABA}
East of England £6,500,000 31/03/2022 Detached Existing Freehold 31 Newlands Avenue Hertsmere Herts WD7 8EJ {DE2D0CDF-AC55-51EE-E053-6C04A8C00671}
North West £6,000,000 10/08/2022 Detached Existing Freehold 15 South Downs Drive Hale Trafford Greater Manchester WA14 3HR {EC7AD099-A487-9200-E053-6C04A8C0E306}
North East £5,300,550 30/06/2022 Detached Existing Freehold 13 Adderstone Crescent Newcastle upon tyne Tyne and wear NE2 2HH {EED73E76-4521-6AF3-E053-6C04A8C08ABA}
East Midlands £4,550,000 28/10/2022 Detached Existing Freehold Normanton Manor Old Melton Road Normanton on the wolds Rushcliffe Notts NG12 5NN {F3B6C198-900F-6E40-E053-6C04A8C0B3B4}
Yorkshire and the Humber £4,125,000 22/04/2022 Detached Existing Freehold Douthwaite hall Hutton Le Hole Ryedale Nth Yorks YO62 6UF {F16F63C5-FB6D-0491-E053-6C04A8C032ED}
Wales £2,500,000 13/07/2022 Detached Existing Freehold Shirecombe Bendrick Drive Southgate Swansea Swansea SA3 2AL {E7B085FC-EF27-7E31-E053-6C04A8C0E67F}

Data sourced from the Land Registry Price Paid Data for residential transactions on primary property purchases to have completed in 2022 (January to December), excluding properties listed by type as ‘other’.


About the Author

Established in 1958, Benham and Reeves is one of London’s oldest, independently owned property lettings and sales agents. With specialism in residential sales, corporate lettings and property management in prime areas of London, the company operates from 21 prominently located branches and 14 international offices.