UKs cheapest houses

theartfullodger

I wish you the best of luck!! Good for you for what you've achieved so far.. If you can get one with more than one bedroom then maybe with rent-a-room get a lodger & £4,250 tax-free...

I've bought "dodgy" properties.. Some have work needing that most people would walk away from: One had a falling-down concrete (very very heavy) balcony. Sorted, no probs, now generates good letting income. Repossession can have been semi-wrecked by departing upset-owners (eg all plumbing ripped out) etc etc.. Quite a lot of people will not by repossessions. Give it a go! Best of luck mate!

Stuff almost always (but not always..) goes for more than guide price. If buying at auction you are committed to purchase, regardless of problems or no mortgage, within 28 days...

There's bound to be sumfink funny with these places.. Just go digging & find out what...

Committed?? Difference between involved & committed: With bacon & eggs, the chicken was involved, the pig committed...

pawlala

Nice1 wrote: »

I would go in the local shops and talk to the people at the counters about the area and let them open up hopefully

I'd be surprised if you can speak the shopkeeper's language if you move to Burnley!

Welsh_Totster

Ok both in RCT, neither in particularly wonderful places, Tonypandy is really in the ar5e end of nowhere and Porth isnt the most salubrious of places. both houses will go much higher than the guide price even though they need total rennovation.

Nice1

Mhmm yeah I've asked the auctioneer to provide information on the final bids for similar property.

I do realise these are in the middle of nowhere / bad areas - I'm buying for that reason lol - I need the cheapest property available. Thats my only priority as I have no option.

Better house can be bought in a few years when I save money from my business with my reduced living costs. Its a means to an end.

Welsh_Totster

I see where youre coming from though, its a first step and youre prepared to put in the research and the hard work, so good on you!

PasturesNew

There was a Burnley house on Homes under the Hammer today. Bought for £19k, when it came to the agents valuing it after the work had been done .... they both looked uncomfortable.... and one said "the market is for investors only, no owner occupier would want to buy here".

pawlala

Nice three bedroom terrace in Burnley for sale at auction for the starting price of a Ford Fiesta.

http://www.rightmove.co.uk/property-for-sale/property-23314083.html

I say nice, there's only 1 picture..............................

notts_phil

Good idea but i really would live in a South Wales Valley

Having come from Wales i can tell you those villages can be the most depressing places.

Ex mining communities that are stuck in the coal mining days. Sorry if that offends people but it is a stuck generation and its the same in some places of north Notts.

Even though you think the countryside might be nice some of the villages/town are very run down and depressing

Rhondda Cynon Taff has the highest levels of Depression and incapacity benefit type claims in the UK

Welsh_Totster

notts_phil wrote: »

Good idea but i really would live in a South Wales Valley

Having come from Wales i can tell you those villages can be the most depressing places.

Ex mining communities that are stuck in the coal mining days. Sorry if that offends people but it is a stuck generation and its the same in some places of north Notts.

Even though you think the countryside might be nice some of the villages/town are very run down and depressing

Rhondda Cynon Taff has the highest levels of Depression and incapacity benefit type claims in the UK

This bit is very true.

I originally come from a West Wales seaside town Llanelli, which was industrial but wasnt a mining town like the valleys communities were. Ive lived in Bridgend, well outside Bridgend in what was a mining village in a valley, the best of the 3 Bridgend valleys, the other two were v depressing and had the sould knocked out of them. The one I lived in was lovely but still had its problems. I now live in a Newport suburb in a lovely area and its an age away from an ex mining village.

What Im saying is, be careful with what you do buy, as a lot of these ex mining villages have little employment, 3 or 4 generations on benefits who may have never worked in their lives, anti social behaviour being the norm and they really can be hell holes to live in. You may say that you can deal with that, but think ahead, you say you want to save some cash while youre living there and then sell up and move on up the ladder in a few years time. A few years time makes a huge difference in some areas, and usually in those places, not for the better. You may find it difficult to sell on after youre hard work and effort.

So think long and hard about the areas, by all means speak to locals, theyre the best for local info, but more than anything dont just plump for something cos its cheap.....think long term and would anyone else want to live here and buy it off me when Im ready to sell.

notts_phil

What you say about the soul being knocked out it is the heart of the matter.
When the mines closed the communities fell apart. If you have gone thre you would gave found very tight knit communities.

People just haven't been able to move on in some areas. They have become very depressed places to live.

I would hate to be stuck there in a bleak winter.