North-south divide: terraced house sells for £7,000 The massive price gap in the latest figures from the Land Registry show that the north-south divide in the property market is as stark as ever, with prices in the capital soaring. Data for April showed that a terraced home in Egremont, Cumbria, sold for just £7,000, while a house in Bolney Gate, Knightsbridge, went for £18.25m. The multi-million pound deal played its part in a 13pc rise in average prices in central London to £1,379,142. In addition, the number of transactions of more than £2m in this area has risen 60pc compared with April 2012. "The low cost of sterling, cheap debt and the capital's enduring appeal has fuelled a further influx of international investors," said Naomi Heaton, chief executive of London Central Portfolio. In England and Wales, the total number of purchases jumped 12pc in April from a month earlier.