THE property ladder is a difficult one to climb, especially as house prices soar to new highs.
The average UK house price is now an eye-watering £283,000, making it harder than ever for people to purchase their first property.
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But that doesn’t mean there aren’t more cheap and cheerful options to consider.
Looking at different locations or properties in need of a bit of TLC could help you buy a home within budget.
We’ve found properties listed on Rightmove for £50,000 or under in hotspots across the country – and they may be near you.
2-bed flat in Chingford, London – £50,000
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This property is a do-upper, for sure. It’s on the market for just £50,000 – but you’ll have to spend some more to get it in tip-top condition.
While you may be spending the pennies restoring it, the initial purchase may be small.
But bear in mind that this property is being sold at auction – so there’s no telling what the final sale price will.
Auctions can be a great way to nab a cheaper home – but make sure you’ve factored in all the extra costs.
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The flat is located on the ground floor, on a residential road close to local shops and amenities.
Transport is available through the Woodford underground station (Central Line) or Meridian Water rail station.
Studio apartment in Liverpool – £45,000
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This studio in Liverpool has recently been refurbished, so has a new modern look and plenty of built in storage.
It also features a community laundry room, gym and games room.
It’s close to local amenities with the nearest train station being eight minutes away.
However, like the property in London, this house is being sold at auction.
It’s also currently student accommodation, which is worth considering when purchasing this property.
1-bedroom flat in Portsmouth – £30,000
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This flat on Guildford Road, Portsmouth is for sale at only £30,000.
It has a sitting room, shower room, kitchen and a walk-in wardrobe.
The flat is offered with no onward chain, which should make the buying process a bit less stressful.
However, this house is only available through shared ownership, a scheme where you part-buy, part-rent a property.
While this can be a good way to get on the property ladder, make sure you fully understand the scheme and qualify before getting excited about making an offer.
3-bed house in Newport, Wales – £50,000
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This house on Blake Road, Gwent is up for auction for just £30,000.
It’s only a 39 minute drive to Cardiff, according to Google Maps, too.
The property looks like a fixer-upper so you may spend additional pennies on it after purchase though.
The property is being sold by Royal Estates.
1-bedroom flat in Plymouth – £50,000
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This flat is located on the third floor of a block in Plymouth City Centre
It has a living room/bedroom with a wall-mounted fold out bed and wardrobes.
The apartment also has a shower room fitted with a toilet, wash hand basin and shower cubicle.
1-bedroom apartment in Newcastle – £50,000
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This top floor apartment in Newcastle could be yours for just £50,000.
The on the 13th floor of a high-rise block and close to local amenities with transport routes to Newcastle City Centre and the Metro Centre.
It features a spacious lounge, kitchen, double bedroom and bathroom as well as having double glazing and electric heating.
Elsewhere, we spoke to a 25 year old woman who recently purchased her first property for £426,000 with her Mum.
You could rent this seven bedroom mansion for just £41 and film fans may recognise it from its very famous past.
And a mortgage expert tells us the little known ways that first time buyers can buy a property with just a 5% deposit.
