NINE out of the ten lowest-priced streets in Lancashire are in Burnley and Pendle, new research has revealed.

With average prices of £29,893, Altham Street in Burnley is bottom of the county’s price league, according to the annual property rich list compiled by housing experts Zoopla.

Other Burnley streets in the lowest ten are St Matthews Court, Clegg Street, Nuttall Street and Baker Street.

Nelson’s Caleb Street, Oxford Street and Essex Street are also included along with Bright Street in Colne.

When expanded to postcode, the BB11 (Burnley) has the cheapest average property in the county at £89,268, followed by BB9, (Nelson) at £97,462.

Estate agent Howard Baker of Falcon and Foxglove, Manchester Road, Burnley, said property prices had improved in the town but there were new pressures, particularly on the lower end of the market.

He said: “I think low wages and higher deposits are the reasons why prices are like this at the cheaper end of the market.

“Even if a house is going for £60,000 then many lenders are asking for 25 per cent deposits and people just can’t raise that.

“Investors who buy to let have also fallen off in the recession. But only five or six years houses were coming on the market for £6,000, so things have improved.

“There’s more movement in the £100,000 plus bracket though.”

In contrast to much of East Lancashire, the county’s most expensive street is Shaw Hill, next to the golf club of the same in Whittle-le-Woods, Chorley.

An average property there would cost a whopping £875,205.

Councillor for the area John Walker said: “All the homes are very upmarket and its location next the golf club, with views of the course lead to it being an expensive area.”

Other top-end addresses are, Gisburn Road, Bolton-by-Bowland and Twiston, all in the Ribble Valley, which all make the Lancashire top-10 rich list, while Clitheroe has the third highest average value by town at £214,610.