The 100 cheapest streets by area/region across England & Wales.

Definitely the locations to think about investing in for all of the following reasons which combined make up a great strategy:

• Positive Cash Flow
• BMV (Behind Market Value)
• Forced Appreciation
• Capital Gain
• Lease Options

When starting out to invest in any location I always head for the cheapest streets, the grotty areas, the possible slums,  and work out from that centre point until I get to a sub location or area where all the numbers stack up and where people would choose to live rather than being forced to live, possibly as  their only option.

Wales heads the Rankings with a location in Mountain Ash, which is north of Cardiff in the Valleys, called Fernhill where prices can be as low as £24640.

At that price the property would almost certainly be in “need of modernisation” as is/was the case with the property in the picture above as the average price for a 2 bed terraced house is £69175.

3 Bed LHA Rent £95pw, potential yield 10% plus.

This is No 9 in the National Rankings at £33120!

3 Bed LHA Rent £ 101.54pw. Yield 16%!

This is probably a 2 bed, LHA 86.54. Yield 13.63%

The same applies when I go out to research a location for a DIY investor or student.

By going to our Research Location Map you can click on the Locations that we have analysed and see the results for yourself. You will have to Register first but after that it is free for the time being.

No 1 in the East of England rankings. Clacton On Sea – £44k – Detached & by the sea!

Northern regions such as the North West, the North East, and Yorkshire and the Humber are the most affordable regions in the rankings, while southern regions such as Greater London, the South West and the South East can be found at the other end of the list.

A strong North/South divide emerges from the data below, which lists the average price values of the top 10 streets in each region.

The Regional Rankings

1 North West £32,004
2 North East £33,840
3 Yorkshire and the Humber £36,531
4 Wales £37,249
5 East Midlands £43,686
6 West Midlands £44,576
7 South East £45,120
8 East £53,167
9 South West £62,200
10 Greater London £99,740

The Top 20 Cheapest or Most Affordable Streets.

1 Fernhill Mountain Ash CF45 £24,640 Wales
2 Ann Street South Bank TS6 £26,910 North East
3 Alpha Street Manchester M11 £28,890 North West
4 Hargher Street Burnley BB11 £29,160 North West
5 Duckett Street Burnley BB11 £30,420 North West
6 Oxford Street Brierfield BB9 £30,600 North West
7 Princes Court Newtown NP23 £30,780 Wales
8 Edward Street South Bank TS6 £32,400 North East
9 Altham Street Burnley BB10 £33,120 North West
10 Elmwood Street Burnley BB11 £33,120 North West
11 Morrison Avenue Maltby S66 £33,120 Yorkshire & the Humber
12 Beech Close Hull HU3 £33,210 Yorkshire & the Humber
13 Violet Street Burnley BB10 £33,390 North West
14 Norman Street Burnley BB10 £33,480 North West
15 Wood Street Burnley BB10 £33,570 North West
16 Carlton Villas Hull HU3 £34,020 Yorkshire & the Humber
17 Oak Street South Bank TS6 £34,110 North East
18 Leonards Avenue Hull HU3 £34,110 Yorkshire & the Humber
19 Clough Street Burnley BB11 £34,290 North West
20 Harcourt Road Middlesbrough TS6 £34,380 North

This list may include properties in streets which have not sold in normal free market conditions, such as ‘right to buy’ and compulsory purchase schemes or areas already subject to demolition and regeneration.

4th in the East Midlands rankings is Lord St at an average value of £ 43560.

3 Bed LHA £109.62. Yield 13.07%

We are concentrating on the 100 cheapest streets, by area, because they, or the immediate location around them, are most likely to prove to be good investments both for positive cash flow based on LHA rents, potential capital gain, because prices should have bottomed out by now, and low risk because less of your cash is invested if any.

No 12 in the Greater London rankings (Lambeth) at an average value of £106300

3 Bed LHA £297.69pw. Yield 14.56%.

If 2 Bed then LHA £240pw. Yield 11.7%

These streets are right across England & Wales so you will probably find one quite close to home.

In these streets and immediate surrounding areas you will find properties that are being sold at auction, distressed property needing partial or full renovation or refits and tenants looking for low cost housing plus interest from Housing Associations.

They will also be of interest to first time buyers when you want to sell on.

We will be publishing our research of these streets as each street or area is completed so watch this space.

At present only the first two are up but the number should increase almost daily.

The first 20 will be the top twenty cheapest streets as listed above across England & Wales and after that the 10 cheapest streets by area or region.

There will be over 100 streets to choose from when this research is finished.

A Health Warning:

If you are considering investing in any location be it one of these cheap streets/locations or elsewhere, regardless of how much information we bring you via this website or how much information you are able to glean from other web sites it is still essential that you go to the location and walk the streets before committing yourself to buying a property regardless of how good a bargain it may appear to be at first.

If you want an experienced eye to go with you then we can help, just email me at david@buy-to-let.com.

If you have registered, click here to go to our Location Map or click here to Register.

Most of the information on regional rankings and on the cheap, or “most affordable” streets is courtesy of Mouseprice.