Revealed: The Cheapest Street in Britain

Revealed: The Cheapest Street in Britain




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The property research website Mouseprice has unveiled the cheapest street in the UK, with the somewhat dubious accolade going to Fernhill in the Mid Glamorgan village of Mountain Ash.
 
With the average property price standing at just £28,600, the street sits at the southern tip of the Brecon Beacons. As well as the cheapest mortgages in the UK, residents enjoy stunning views of the area, which isn’t far from Brecon Beacons National Park.
 
The street also held the top spot last year when it was valued at £24,640. Although close to Cardiff, the village is closer to Merthyr Tydil, once renounced for its coal mining collieries but now an economically disadvantaged area with a high proportion of long-term unemployed. The town is a short 20 minute drive away.

Owen Cokayne, 62, a building and maintenance contractor, has lived in the area all his life. On learning that he lived on the UK’s cheapest street, he said: “It’s fantastic news, it really is, and many people can buy their properties as a result.

“Like everywhere, there’s good and bad here, but mostly it’s all good. They’re building a new hospital, so I imagine the prices will go up then.”
 
Of the top 20 cheapest streets listed by Mousetrap, two are in Wales, seven are in the North East, eight are in the North West (including the second cheapest) and the remaining three are in Yorkshire & the Humber, and the West Midlands.
 
The data highlights again the North-South divide when it comes to property prices.
 
However, all of the streets that featured in last year’s report, as well as this year’s (seven), did see small increases in value, according to the property site.
 
Sharon Evans, 42, a day nursery worker who has lived in Fernhill for 21 years thinks the unemployment is the problem and that money will remain tight as long as there’s a lack of employment opportunities.
 
However, she also thinks the village is a mostly safe place to live in, and that it has improved in recent years.
“The football pitch has really improved the area, and the new play park, they’ve even demolished all the old properties so the site looks great now,” she said.
 
However, local estate agents, Darlows, based in Porth, paint a different picture.
 
Darryl Phillips, 28, an estate agent from nearby Pontypridd said: “We very rarely have any properties in the village come on our books, they’re mostly private sells, I think the last one we looked at was over two years ago.
 
“It’s a pretty rough area to be honest, it’s not as bad as it was five or six years ago but it’s pretty rough. I wouldn’t live there.” 
 
 

 

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