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Homes for less than £100,000 really do still exist in Britain.
The average home in the UK may now costs well in excess of £200,000, but there are still plenty of places that you can buy property for less than £100,000. The housing market varies massively by location, it helps to do your research to know what you’re looking for.
Here are our top five picks:
The North East is pitched as being one of the UK’s cheapest areas to buy property. So it is no surprise to find a plethora of homes available to buy across the regions for well under £100,000, including homes in Bishop Auckland.
This historic market town stands high above a meander in the River Wear, commanding spectacular views of the surrounding countryside. It is a lively place with good shopping locations and busy markets, the town also includes a vast selection of cafes, pubs and leisure facilities.
Some of the local landmarks include Auckland Castle and Binchester Roman Fort, once the largest Roman fort in County Durham.
On the market: This three bedroom semi-detached property on Saxton Green is located in the popular village of Escomb, near to Bishop Auckland. The property is modern throughout and no work is needed, making it ideal for both first-time buyers and families alike.
Asking price: £97,500
Estate agent: Hunters
Once upon a time, living near a football ground only meant that you couldn’t park outside your house on a Saturday afternoon. But with Anfield, located on the outskirts of Liverpool city centre, currently undergoing a major £260 million revamp it is fast becoming a far more affluent place to live.
The future of learning and progressing is in the new North Liverpool Academy, while there is an improving shopping area in Anfield with plenty of bars and bistros.
Attractive three bedroom terrace houses in Anfield now start from around £40,000, and yet the area appears to offer plenty of room for growth, making a home in Anfield a potentially good investment as well as an up-and-coming place to live.
On the market: This lovely terraced property on Cannon Road, L6, features three bedrooms, two reception rooms, plenty of storage space, modern kitchen/dining room and a modern family bathroom. The property also benefits from double glazing throughout, enclosed garden to the front and yard to rear.
Asking price: £69,950
Estate agent: Lyon Estates
You do not have to go to Liverpool for brilliant things to see and do – you can find great food, beautiful locations, exhilarating experiences, amazing culture and some stunning properties in the nearby Wirral.
While places like Prenton and Oxton and Bebington are among the most desirable places to live in the Wirral, not to mention the wider North West of England, property prices in these areas are generally out of our £100,000 price range, at an average of £167,962, £181,838 and £166,417, respectively.
Properties in Birkenhead, on the other hand, are significantly cheaper. Although the average price a property in the town now costs £102,749, there are still plenty of homes available to but for less than £100,000.
On the market: A delightful presented three bedroom mid-terrace family house on Park Road North, CH41, which is a well established and popular area which fronts onto the open spaces of Birkenhead Park and is well placed for both schools and public transport with regular bus services running along Park Road North.
Asking price: £99,950
Estate agent: Moscrops
This quintessential town is filled with rich history and plenty of old-world, seaside charm. Relaxed and unspoilt, Broadstairs is ideal for those seeking a chilled-out, family-friendly lifestyle, a place to retire or an escape from the hustle and bustle of London with easy access to the capital for work.
The town offers a wealth of inviting cafes, restaurants and bars, two 1950’s ice-cream parlours, an impressive seven sand-filled beaches and bays, and some of Kent’s most delightful residential properties.
On the market: This first floor one bedroom flat on St Peter Road in Broadstairs, Kent, is well located for easy access to the High Street, Broadstairs train station and the local beach.
Asking price: £100,000
Auctioneer: Ward & Partners
London is now the world’s most expensive city in which to live and work, according to a recent study by estate agents Savills, while the latest house price data shows that the average price of a home in the capital now exceeds £600,000, and so is it still possible to buy a property in London for less than £100,000?
We searched property listings across the capital and found that they STILL exist! OK, so there are only a handful of properties being advertised for less than £100,000, varying from a studio flat in West Hendon to a two bedroom house in Kingsbury, but they are available.
On the market: We have opted for a one bedroom flat in Edmonton which will be sold at auction. The first floor flat, forming part of a detached block called Pycroft Way, which is a residential cul-de-sac running off the east side of Victoria Road, features an open-plan kitchen/reception and offers access to communal gardens and comes with an allocated car parking space.
Guide price: £90,000