London, Aug 29 - A sheep has sold for a staggering 231,000 pounds (over Rs.1.83 crores) - the price of a small family home in Britain.

The sheep, named Deveronvale Perfection, broke the seven-year-old British record of around 134,000 pounds for a Texel ram and the world record for a sheep in Australia in the 1980s.

The sheep was sold Thursday at the Scottish National Texel Sale at Lankark Market.

The sheep could make its new owner, a Scottish breeder from Cairness, a good return and go on to be worth millions after selling its semen and progeny around the world.

Tophill Joe, the country's previously most expensive ram, is thought to have earned his owners more than one million pounds in five years.