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  • Property-a-holics

    Where is the cheapest house in England?



    The best I can find is a 2 up 2 down mid terraced with an auction guide price of under £10,000. LINK

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    Good question Trev.  Your find is in Durham.

    I was going to say Stoke on Trent but a quick search revealed the cheapest property there to be £25K.

    Then I thought of Burnley, but the cheapest property I could find was £20K.

    Sunderland was another town that sprung to mind and the cheapest house I could find there was £15K.

    See - The 10 best U.K. towns or cities to invest in for under £50k

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    A study undertaken in March 2016 revealed the top 10 most deprived areas in England.

    According to the study, the 10 most deprived towns in England are:

    1. Oldham (65.2 per cent of local areas in the most deprived 20 per cent)
    2. West Bromwich (62.8 per cent)  
    3. Liverpool (59.4 per cent)
    4. Walsall (57.5 per cent)
    5. Birmingham (57.5 per cent)
    6. Nottingham (57.3 per cent)  
    7. Middlesbrough (55.9 per cent)  
    8. Salford (55.6 per cent)
    9. Birkenhead (54.5 per cent)
    10. Rochdale (53.8 per cent)

      It stands to reason that property prices here will be depressed.   

      See - Investing in towns not favoured by owner occupiers.

      26 signs that an area is in decline 

      Invest upmarket or downmarket?
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    This article from Buzzfeed curates a selection of properties in Scotland around the £30K mark.

    Greenoch in Inverclyde, Scotland has some very cheap property starting at £15K.

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    I think we have the answer to this question:

    ​During August a semi-detached house in South Hetton, County Durham, and a terraced house in the Rhondda Valley in Wales sold for £10,000 each, making them the cheapest homes in the UK to be sold last month. 

    Full/source article

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    Mmm, great minds think alike. Now the quest is on to find the worlds cheapest house, so when I was looking at the latest news on Detroit housing since the big downturn and it seems the prices could be on the way up. However I did notice this one closer to New York for $5,500 LINK

    Beats a static holiday home once it's done up!
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    A one-bedroom flat in Liverpool is one of the cheapest homes available to buy in the UK and it even comes with access to a communal garden.

    This ground floor, one-bedroom apartment on Crossfield Close, L7, is offered for sale via auction at a guide price of just £1 – less than the price of a National Lottery ticket.

    The property in Liverpool is set to be sold under the hammer by SDL Graham Penny Auctions and is being offered at an extremely low starting price with a view to attracting more potential purchasers.



    Full/source story

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    A list has been compiled of the cheapest properties that were sold in the North East in 2016:

    1. A flat in Kenilworth Court, Sunderland, was sold for £8,200 in April.

    2. It was a terraced house in Commercial Street, Ferryhill, County Durham, and it went for £6,000.

    3. Over to Boston Court, Newcastle, where a flat was sold for £10,000 in April.

    4. This next one is a semi at Grasmere Terrace, South Hetton, County Durham, and it was sold for £10,000.

    5. Watt Street in Murton, County Durham, is the location of a house which sold for £10,000 in April.

    6. Morpeth makes an appearance at 6th with a detached house in Norham Drive going for £10,060 in July.

    7. A terraced house in Kimberley Street, Coundon, County Durham, sold for £10,400.

    8. In March a flat in Waterloo Walk, Washington, was sold for £11,000.

    9. You could have picked up a terraced house in St Aidan’s Terrace, Trimdon Station, County Durham, for £11,000 in November.

    10. Acomb Close, Morpeth, was the location of a detached house which went for £11.300 in August.

    Full/source article

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    I have just asked the question of the Evening Chronicle about #3 on their list - I can't see any record of the sale anywhere!

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    So you can buy a house for under £20 Smile

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