Middlesborough Has Cheapest Homes

Britain's Property Rich List 2011 is out and shows Middlesborough has the cheapest homes in the country.

You can get your hands on a property in the North East for as little as £41,000 that's compared to the most expensive in Kensington where average house prices are £1.75 million.

Nick Leeming, business development director at Zoopla.co.uk that carried out the research, said:

'Despite the recent property market uncertainty, Brits remain obsessed with the value of their home as well as those of their neighbours, friends and family.

'This year's Property Rich List shows an ever-widening North-South divide and, whilst house prices in some of the most expensive areas of the country have fallen a little over the past 12 months, they have held up far better than in many of the less expensive areas.'

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