Cheapest properties all in the north

March 19, 2007 by admin  
Filed under News, News-Mortgages

A new survey has found that the cheapest homes in England and Wales are available in Middlesbrough.

Website mouseprice.com found that it is possible to afford a home with a mortgage of just £21,290 in Tower Green in the city.

The top 20 streets for cheap houses are all situated in the north, with many areas still home to properties which are selling for less than £30,000.

That figure is in stark contrast to the average house price throughout the whole of England which currently stands at £200,000.

It is believed that some house prices in the north remain so low as a result of demolition plans on a specific street and right to buy sales.

Despite the top 20 being dominated by properties in the north, the survey did find a number of homes which are available for less than £100,000.

Kingsbridge Circus between Brentwood and Romford in east London is the capital’s cheapest street.

If you are considering buying a property it may be worth purchasing in an area which is due to be regenerated as the price is likely to go up in the future.

Tags: Tower, demolition plans, mortgage, Middlesbrough, Romford

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