North-South property price gap stays intact

Published 12th Apr 2010

The stark divide in property prices between North and South was outlined today as research showed none of the most affordable streets in England and Wales were in southern regions.

Housing information website Mouseprice said the North East and North West heavily dominated the rankings of most affordable roads, with three quarters of the top 20 cheapest streets falling in one of the two regions.

The research showed Fernhill, in Mountain Ash, Wales was the most affordable road for the second year running.

The road, near Cardiff, remained the lowest-priced street amid recent low sales and has an average home value of £28,600, up from £24,640 last year.

Yorkshire and Humber and the West Midlands also feature in the top 20.

'Evidently, the North-South divide still exists, as none of the southern regions make an appearance in the report,' the group said.

Second place in the list went to Oxford Street, in Brierfield in the North West, with an average value of £32,800.

The road has residential property, a mosque and is within walking distance of the local train station.

Ann Street in east Middlesbrough, which is in the South Bank area south of the River Tees, was the third most affordable street, with an average value of £32,900.

Today's research follows a similar report by the group last month which looked at the most expensive streets in England and Wales - all 20 of which were in London.

In last month's report, the group found the average cost of homes on London's 10 most pricey roads was £5.5 million.

Today it said the average house price in the top 10 most affordable roads in Greater London was £101,140, compared to the North East, where the figure was the lowest of any region at £36,050.

It said that while the divide between North and South persisted, the South East had risen in the rankings from seventh cheapest to fifth, with its 10 least expensive streets averaging £45,320.

Mouseprice said all regions had seen their average rise since last year as the property market improved.

Source: ' Daily Mail '

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