Downing Street is valued at £4.5 million, a drop of 9.18 per cent since Mr Brown became Prime Minister in June 2007, costing the taxpayer more than £460,000.It is in sharp contrast to Tony Blair who saw the property’s price climb from £1.65 million when he took office in 1997 to more than £5 million when he handed the keys over to Mr Brown.
There is a change in leadership over the next few weeks, Gordon Brown is likely to drop quite a few rungs on the property ladder as house prices in his own constituency of Kirkcaldy are among the lowest in the country, averaging £120,910 compared to his current address in SW1 where average house prices are £920,361.
This is quite ironic, Downing St, in common with a great deal of other UK property - tripled in value from 1.65M to 5M in ten years.
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