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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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    New research has revealed that Sunderland and Liverpool are home to Britain’s cheapest streets, with some properties costing only £15,000.

    Country Durham is home to 10 of the top 20 most affordable streets in the country, according to the findings. But those hunting for the cheapest overall options are best off in Sunderland, Liverpool or Lancashire.

    Full/source article

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    This property is claimed to be the cheapest in the South West and looks like it has huge potential.


    Property features

    • In need of complete renovation and modernisation
    • Huge scope and potential
    • Popular location close to the harbour and sea front
    • Just a few hundred metres from the high street
    • Elevated position enjoying views over the town towards the Bristol Channel
    • Potential to remodel the accommodation to suit
    • Rear courtyard garden area
    • Mortgage monies highly unlikely

    Property description

    FOR SALE BY PUBLIC AUCTION on Friday 5th April 2019 at 12 midday. Guide Price: 'Offers in excess of £45,000' 

    A proper renovation project not for the faint-hearted! 1 Coburg Villas offers tremendous scope and potential but requires complete renovation and modernisation throughout. The property is situated in a popular location in the oldest part of the town and is just a few hundred metres from both the sea front and the high street and sits in an elevated position enjoying views over the neighbouring properties towards Capstone, the Bristol Channel and distant Welsh coastline. The property also has views towards the harbour, Lantern Hill and Hillsborough.

    ​View full listing

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