A RESIDENT living on one of the UK’s cheapest streets has said house prices there won’t stay low forever.
Muhammad Choudary, 45, lives on Meadow Street, Lancashire, where properties have sold for around £25,000.
MEN MediaMuhammad Choudary has lived on Meadow Street for three years[/caption]
MEN MediaThe street in Accrington, Lancashire, has been named the cheapest street in the UK[/caption]
The taxi driver bought his family home three years ago.
He said pre-pandemic, buying in the area was a steal – but now some houses will go for more than double or triple the price.
Muhammad told LancsLive: “After coronavirus, [prices have] gone up.
“One house that maybe sold for £25,000 before the pandemic, the owner sold for £68,000.”
The quiet street in Accrington isn’t far from the hustle and bustle of everyday life.
For such cheap prices, you’d think the two rows of terrace houses would be isolated.
However, there is an Aldi, Home Bargains and a trampoline park around the corner.
Mainly occupied with families, residents said it is a safe and friendly street to live on.
Despite the rise in prices, the north still has some of the cheapest properties up for grabs in the country.
As of 2021, Waterloo Walk in Sunderland was reported as England’s cheapest road.
Houses sold with a tiny price tag of just £16,250.
And just a four minute walk away, the neighbouring block of flats at Collingwood Court sold for around £24,000.
A property expert recently told The Sun, the best time to buy a home is in the Spring.
Nicholas Mendes said the market has been very turbulent because of the cost of living crisis and rocketing interest rates – but buyers shouldn’t be put off.
The least expensive streets in England for homes:
1) Waterloo Walk, Sunderland – £16,250
2) Johnson Street, County Durham – £21,000
3) Dennis Street, County Durham – £22,000
4) Collingwood Court, Sunderland – £24,000
5) Woodhorn Drive, Northumberland – £25,000
6) High Street, County Durham – £25,000
7) Hampden Street, Redcar and Cleveland – £26,250
8) Second Street, County Durham – £26,500
9) Randolph Street, County Durham – £26,500
10) Kenilworth Court, Sunderland – £26,500