• From The BBC:

    The most affordable property in some areas of England and Wales is on the market for less than £40,000, according to a survey.The 10 cheapest streets in four regions have an average house price of between £30,000 and £40,000, said property website Mouseprice.com. But the homes could be in areas already earmarked for demolition or compulsory purchase, the website warned. The survey suggested a north/south divide in terms of affordability. FindingsLow numbers of transactions and falling prices during the economic downturn have made homes more affordable for some first-time buyers.
    The survey suggested that one street in Wales had an average property value of £24,640. Breaking down the figures to the 10 cheapest streets in each region revealed that the most affordable homes were in the North West of England – at an average price of £32,004. Next came the North East of England – which was the cheapest in the same survey the previous year – at £33,840, f…

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    Posted by Jon @ 11:50 am

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