Good place going cheap for a pound (6)
I believe the answer is:
chapel
'good place' is the definition.
(I've seen this before)
'going cheap for a pound' is the wordplay.
'going cheap for' becomes 'chape' (I can't justify this - if you can you should believe this answer much more).
'a pound' becomes 'l'.
'chape'+'l'='CHAPEL'
Can you help me to learn more?
(Other definitions for chapel that I've seen before include "Union members" , "Part of or alternative to church" , "Perhaps part of cathedral" , "Nonconformist building (with a father!)" , "Small building for worship" .)