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Property Price Extremes

Last  week we revealed the most expensive street in Britain as being Chester Square in London, where the average property is worth £6,596,000. It is the second consecutive year that Chester Square has been in the number one spot and the most recently sold property in the area went for £7 million.
Property Price Extremes

Fernhill Near Cardiff - Extremely Low Prices

So what is the cheapest street in Britain? Well no one wants the label cheapest, so officially its Britain’s most affordable street. A street in Wales is Britian’s most affordable location with the average home costing just £28,600. Fernhill, in Mountain Ash, Wales was the cheapest road for the second year running.

  • Fernhill, in Mountain Ash, Wales – average property is worth £28,600
  • Chester Square London – average property is worth £6,596,000
  • Thats a downsizing difference in average property price of £6,567,400
In effect you could afford 230 properties in Fernhill in exchange for one in Chester Square!
Fernhill in the Mid Glamorgan village of Mountain Ash, near Cardiff, has remained the lowest-priced street amid recent low sales and has an average home value of £28,600, up from £24,640 last year.
At least the price has increased since last year by around £4000. Mouseprice said all regions had seen their average rise since last year as the property market has improved.
posted by Zane in Buying,Estate Agents,For Sale,Guide,Houses,Housing,Mortgage,Property,Relocation and have No Comments

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