The Most Affordable Street Rankings 2010 were released by Mouseprice, which carries out annual surveys of house prices. For the second year in a row, Fernhill, CF45, in Cardiff, held the top spot for the cheapest street, with an average property value of £28,600. Even though the average is low, the property values in the road have increased  from 2009, when the average property figure was £24,640.

Ranking at second cheapest is Oxford Street, in Brierfield, which has an average priced of £32,800. It’s located close to the M65 and was previously ranked at number six last year; the average price in 2009 stood at £30,600.

Ann Street in the TS6 area of east Middlesborough was revealed to be the third cheapest place to invest in property. Last year, the average property price stood at £26,910, but this year its risen to an average of £32,900.

It’s interesting to note that many of the streets making up the remainder of the top 10 are located in the north east and north west of England. It’s also encouraging to see that house prices in many of the areas have risen slightly, despite the difficulties the property world has faced over the last year.

The full list of the top 10 most affordable streets for property in England and Wales is as follows:

1. Fernhill,Mountain Ash CF45 (Wales)  £28,600
2. Oxford Street, Brierfield, BB9 (North West) £32,800
3. Ann Street, South Bank TS6 (North East) £32,900
4. Edward Street, South Bank TS6 (North East) £34,200
5. Scarborough Street, Middlesbrough TS6 (North East) £34,400
6. Redcar Road, Middlesbrough TS6 (North East) £34,400
7 Victoria Street, South Bank TS6 (North East) £35,600
8. Wood Street, Burnley BB10 (North West) £35,700
9. Elmwood Street, Burnley BB11 (North West) £35,800
10. Altham Street, Burnley BB10 (North West) £35,900

Mouseprice also analysed the average prices for the top 10 streets in each of the regions in England and Wales, which produced a clear indication of a north-south divide.