Are you struggling to get a foot on the property ladder? The daunting task of finding an affordable property for sale and saving for a deposit can feel like an endless uphill battle. But fear not! There are plenty of homes on the market for under £20,000, and with a little bit of work, they could turn into lucrative investments in the long run.
Affordable Gems Waiting to be Discovered
While it's important to bear in mind that cheaper properties often require more work before you can unpack your bags, they offer great opportunities for those willing to put in the effort. Let's dive into some promising properties that won't break the bank.
1. Two-Bedroom Terraced House, Middlesbrough - £16,000
Situated on Portman Street, this terraced home is ripe for renovation. Image: Pattinson/Zoopla
Yes, you read that right - a whole house for just £16,000! This redbrick mid-terrace property is located close to Teesside University in Middlesbrough, making it an attractive option for rental purposes. The kitchen and bathroom could use an upgrade, and the bedrooms are in need of a refresh. However, for the right investor, this property holds the promise of a very rewarding project.
2. Three-Bedroom Flat, Ayrshire - £12,000
This airy apartment could generate a healthy rental income. Image: Future Property Auctions/Rightmove
Situated on the top floor, this promising flat offers spacious and airy living areas with stunning views over the shared gardens. Although it requires some love and essential repairs, it has the potential to become a comfortable family home. Investors can expect an average monthly rental income of £350. If you're up for the challenge, check out the listing from Future Property Auctions on Rightmove.
3. Two-Bedroom Terraced House, Rhondda Cynon Taf - £20,000
If you're feeling brave, this fixer-upper could be the perfect project property. Image: Auction House
This mid-terrace fixer-upper in Tonypandy offers a fantastic opportunity for a business-savvy buyer. With a renovation and some creative touches, this property could turn into a profitable venture. Located close to amenities and with good road links to Cardiff, it won't stay on the market for long! The property will be auctioned with Auction House on the 1st of April for a guide price of £20,000.
4. Two-Bedroom Flat, South Shields - £15,000
The redbrick property offers an array of attractive period features. Image: Auction House
Packed with character, this smart three-bedroom flat in South Shields is a steal at just £15,000. With its bay windows, cornicing, and feature fireplace, it has the potential to become a charming family home or a profitable rental project. While it does require some work, the bones of this property are strong. If you're up for the challenge, the flat will go up for auction with Auction House on the 21st of April.
5. Three-Bedroom Semi-Detached House, Middlesbrough - £20,000
This bargain property could make a wonderful family home. Image: Allsop
With its own front and rear gardens and off-street parking, this semi-detached house offers ample space for a growing family. The interior and exterior could benefit from some updates and minor renovations, but with a little love and attention, this property will shine. If you're looking for an investment opportunity, don't miss the auction with Allsop on the 31st of March. The guide price is set at £20,000.
6. Two-Bedroom Terraced House, County Durham - £20,000
Located in County Durham, this distinctive property features a quirky, colorful facade. Image: Auction House
This small but distinctive home catches the eye with its striking grey and red exterior. While the interior design has been neglected, it offers a great opportunity for those looking to create their dream space. With ample room throughout, it would make an ideal first home for a buyer willing to put in some effort. The house will go under the hammer with Auction House on the 21st of April at Ramside Hall Hotel in Durham.
Discover Your Dream Property Today!
Owning a property doesn't have to be a distant dream. With these affordable homes on the market, you can take the first step towards becoming a homeowner or a savvy investor. Remember to do your research, get a proper survey done, and let your imagination run wild. Happy house hunting!
Note: The original article can be found here.
