20 Aug

Some properties cost the same as family car

Some properties cost the same as family car

Although the average price of a home in the UK is now more than £220,000, there are some properties that cost the same as a family car.

HouseSimple shows that opting for a property for sale at auction could help buyers save, especially if they are willing to change their expectations or are flexible on location.

For example, a two-bedroom cottage in West Calder in Scotland with a guide price of just £9,000 while there is a two-bedroom house in Peterlee starting at £12,000 – although both may need some improvements to make them a comfortable home.

Alex Gosling, chief executive officer of HouseSimple, said that buying at auction could suit buyers who are willing to get their hands dirty.

“Despite property prices being unaffordable in many areas of the UK, it’s still possible to find good value out there if you spend a little time doing your research. It’s also a matter of managing expectations and being realistic about what you can afford,” explained Mr Gosling.

‘The examples we found during our research are probably only going to appeal to a very small group of people, because of the amount of work needed to bring them up to scratch. But it does show that even with a modest budget, there are properties out there which are well below the UK average price.

‘Also, with the current property market very much in the buyer’s favour, this is a good time to step onto the property ladder. Sellers are far more willing to negotiate right now, especially if you have your finances in place and are willing to move quickly,’ he added.ADNFCR-1222-ID-801838932-ADNFCR

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