Belfast Telegraph

Home News UK

Burnley is home to cheapest streets

Burnley is the cheapest place in England and Wales in which to buy a home, with some properties in the town selling for less than £30,000, research has indicated.

The Lancashire town accounts for four of the top five streets with the lowest house prices in England and Wales, according to the Mouseprice.com property website.

Angle Street in Burnley has the lowest average house prices in England and Wales at £32,400, with one property on the street selling for just £26,500 in 2010.

Fernhill in Mountain Ash, near Merthyr Tydfil in Wales, is the second cheapest road with homes averaging only £32,700.

Elmwood Street, Spencer Street and Colville Street, all in Burnley, complete the top five, all with average property prices of less than £40,000.

Streets in the North West dominate the rankings accounting for 13 of the top 20 most affordable places in which to buy a home.

Five streets in the top 20 are located in the North East, and two are in Wales, but there are none from southern regions, highlighting the north/south divide in house prices.

The average cost of a property on the 10 cheapest streets in London is £106,110, with Arthur Street in Bexley having the lowest value properties in the capital at £99,900, down from an average of £104,900 a year earlier.

The cheapest place to buy a home in the South West is Cheriton Close in Plymouth, but average prices there are still considerably higher than in northern regions at £65,300, while people can expect to pay £51,600 to buy a home on Austin Avenue in Clacton-On-Sea - the cheapest street in the East.

Slightly cheaper properties can be found in the South East, with the average home on one of the top 10 most affordable streets costing £49,050.

Popular

From Belfast Telegraph