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  • Property-a-holics

    Where is the cheapest house in England?

    Sunderland and Liverpool have the cheapest streets to buy a home while Westminster has the most expensive, according to new research.

    There are homes in the cheapest area priced at just £15,000 yet in London properties are selling for tens of millions of pounds and over 30,000% more than the UK average price for a home.

    The study from MoneySuperMarket shows that Davison Terrace in Sunderland is the cheapest with prices at £15,000, some 91% the average for the region at £158,858 and Imrie Street in Liverpool is also at an average of £15,000, some 88% less than the average.

    Full/source article

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    Interesting thread - there are of course a few points, do we mean "house" or "dwelling" e.g. one bed flat is a different thing to "house".  Do we mean habitable/tenantable or can it be derelict? Do we include the conditional schemes to buy a house for a pound which pop up from time to time?  In the main the cheapest areas for housing stock remain and changes to this are slow...... but property sourcing is also about the specific property too, and there are usually specific reasons why a single unit is an outlier in an area and therefore the cheapest - so Caveat Emptor!  Personally I have been involved in two deals for small houses in County Durham for less than £25k in recent weeks, both good BTLs with high yields - the downside is getting a mortgage on these little ones is tricky (so best suits a cash buyer), and the fees and acquisition costs become quite a large percentage of the overall project. But these properties dont tend to have wide appeal, hence can throw off good yields and of course are great for investors with limited funds.

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    This flat in Washington , Tyne & Wear sold for £6,500 last Thursday (plus auction fees etc) 

    https://www.sdlauctions.co.uk/property/2...ashington/

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    North Ormsby is the cheapest place I believe

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