A HOUSE in Wales that’s just 7ft wide at its narrowest point has gone on sale for £150,000 – and it’s so tiny it can barely be seen from the road.
The slim one-bedroom property is slotted between two terraced houses – and it’s hidden behind a long front garden.
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Dubbed a “bijou bolt hole” by the Rightmove property ad, the home comes with a lounge, a kitchen/diner, a bedroom and a bathroom.
The tiny home measure just 7.3ft wide at the front but still manages to squeeze in off-street parking at the front door.
The ground floor of the home has been extended for more living space, while the kitchen and dining room is in the original part of the building.
Take the stairs to the first floor and you’ll find the bedroom, which leads to the bathroom.
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What help is out there for first-time buyers?
GETTING on the property ladder can feel like a daunting task but there are schemes out there to help first-time buyers have their own home.
Help to Buy Isa – It’s a tax-free savings account where for every £200 you save, the Government will add an extra £50. But there’s a maximum limit of £3,000 which is paid to your solicitor when you move. These accounts have now closed to new applicants but those who already hold one have until November 2029 to use it.
Help to Buy equity loan – The Government will lend you up to 20% of the home’s value – or 40% in London – after you’ve put down a 5% deposit. The loan is on top of a normal mortgage but it can only be used to buy a new build property.
Lifetime Isa – This is another Government scheme that gives anyone aged 18 to 39 the chance to save tax-free and get a bonus of up to £32,000 towards their first home. You can save up to £4,000 a year and the Government will add 25% on top.
Shared ownership – Co-owning with a housing association means you can buy a part of the property and pay rent on the remaining amount. You can buy anything from 25% to 75% of the property but you’re restricted to specific ones.
Mortgage guarantee scheme – The scheme opens to new 95% mortgages from April 19 2021. Applicants can buy their first home with a 5% deposit, it’s eligible for homes up to £600,000.
The listing states the property needs “some upgrading” with a dated kitchen.
But the terraced property has a lot of potential as it’s located in the plush Mumbles area on the outskirts of Swansea, south Wales.
The average price for a property in the coastal tourist hotspot stood at £307,457 in June 2021, according to property website Zoopla.
This is a rise of 1.47% since March and up by 4.12% compared to a year ago.
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If you’re keen to buy the property, keep in mind any renovations will add to the property purchase price.
First-time buyers can check out our ultimate guide on how to get on the property ladder.
It comes as England’s “thinnest” house that’s just 1.6m-wide at its narrowest went on sale for £950,000 in February this year.
The five-floor property had almost doubled in value over the past decade.
For a similar price, you could buy a five-bedroom house in Kent which comes with a 10-metre indoor swimming pool, a sauna and a gym.
Meanwhile, a two-bed home which is just 7ft 9in wide went on sale for £1.9million in London last year.
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