News, Culture & Society

Ten homes that cost less than half the UK’s average house price


Buying or leasing a car in the UK? Check MOT of car before you do.

House price inflation may have slowed but homes have continued to get more expensive over the past year.

The average UK house prices is £234,000, according to the ONS / Land Registry statistics, with the most recent report showing that in September a typical home cost £3,000 more than a year earlier. 

With the median salary standing at £29,400, according to the ONS, that means the average property costs a hefty eight times wages – far beyond what a bank or building society would lend on a mortgage.

However, it is possible for a single buyer to purchase a home in the UK for less than £117,000 – which is half the typical UK house price and a mortgageable four-and-a-half times the average salary. 

There are a range of homes on the market across the UK that are available for under £117,500 – we have tracked down ten of them to show what’s possible.

Our research found a number of examples of such homes up-and-down the country to show what is possible at this level.

These included a three-bedroom semi-detached property in Stoke-on-Trent, that potential buyers could get for just £90,000. This means buyers could get a home on a 90 per cent mortgage with as little as a £9,000 deposit. 

It isn’t just families that will be looking out for property bargains, as a recent study by Zoopla revealed that first-time buyers are shunning one-bedroom flats for larger, three-bedroom homes.

The suggestion is that they are doing this, as they think about the long-term implications of buying. 

As first-time buyers do not have to pay stamp duty, it makes sense to avoid this extra fee by purchasing a home that you would stay in for a longer period.  Another reason could be that some may plan a family in the not so distant future, meaning they would soon need more space and are planning ahead.

Many first-time buyers could also be sick of renting cramped one-bedroom flats and will be looking to move on to the next chapter with a bit more space – and a spare room for guests.

With the property market in the doldrums in London and the South East and even busier markets in regional cities slowing, now may not be a bad time to look for a home to negotiate on. 

Miles Shipside, of property listing site Rightmove, said: ‘In a strange Brexit-induced paradox, thousands of potential sellers are holding back compared to this time a year ago, though the number of buyers agreeing purchases is virtually the same. 

‘But this is a price-sensitive market, so if sellers are not willing to be realistic on their initial asking price, or to accept a lower offer, they can end up wasting time for both themselves and their agent.’ 

To give you an insight into where you can buy a property in the UK without spending a fortune, This is Money, with the help of Purplebricks, Zoopla and Rightmove, has compiled houses you can buy across the country for under £117,500.

1) Two bedroom house in Winlaton, Tyne and Wear, for £115,000

This two bedroom home in the North East of England is open to offers from just £115,000

This two bedroom home in the North East of England is open to offers from just £115,000

This two double bedroom home in the North East of England is currently on the market for £115,000 on Purplebricks. 

The property comprises of a gardens to the front, side and rear which backs onto woodland and there is also an allocated parking space to the side.  

Inside, there is a fitted kitchen, downstairs toilet, dining lounge, the two bedrooms and a family bathroom. 

Purplebricks regional property expert Kirsty Hodgson, said: ‘Winlaton is a small village in Tyne and Wear. Its hilltop position means you can enjoy views over the River Tyne to the north and fields and woods to the south.

‘If high prices and hectic city living are pushing your house hunt further afield, the quiet village of Winlaton could be just what you’re looking for.’ 

The average house price in the area comes in at £125,482, according to Zoopla, meaning those looking to purchase this property would be paying slightly less than most.  

The home comes with a sizable lounge & dining room

The property comes with a front and back garden

The home in Winlaton comes with a fairly large lounge and dining room as well as two gardens

2) Three bedroom house in Houghton-le-Spring, Tyne and Wear, for £85,000

North East: This three bedroom home in Houghton-le-Spring is on the market for just £85,000

North East: This three bedroom home in Houghton-le-Spring is on the market for just £85,000

This terraced home in Houghton-le-Spring, in the North East, may look normal on the outside but it has a very unique interior. 

The entrance hallway, which has a sparkly tiled floor, leads into the lounge and conjoined dining room, both of which have a white and grey design throughout. 

The white marble floor in the lounge area has an ‘M’ logo emblazoned on it whilst grey velvet sofas and a silver, glittery table surround the room. 

There is also a shower room and three good sized bedrooms with a rear garden accompanying the property. 

The average house price in the area comes in at £147,555, according to Zoopla, meaning those in the area would be getting a home for nearly half the price – perhaps due to the somewhat interesting inside.  

Houghton-le-Spring is equidistant between the university town of Durham and Sunderland with those interested in the property able to find it on Zoopla.  

The lounge in the Houghton-le-Spring home

The lounge in the Houghton-le-Spring home has a marble floor and velvet grey cushions

The unique interior in the property could attribute for the lower than average price in the area

The unique interior in the property could attribute for the lower than average price in the area

3) One bedroom flat in Bournemouth for £110,000 

Bargain hunt: The first floor flat in Bournemouth is currently on the market for just £110,000

Bargain hunt: The first floor flat in Bournemouth is currently on the market for just £110,000

This first floor flat in the coastal town of Bournemouth is currently being advertised on Purplebricks. 

It comes with a double bedroom, open plan living room, modern kitchen and a shower room.

On the market for just £110,000, the flat is retailing for much less than the £299,358 average price of a property in the area. 

Transport links are good with the flat just under a ten minutes walk from Pokesdown train station and only half an hour walk away from Bournemouth train station.  

Purplebricks regional property expert James Lavis, said: ‘The property is located within half a mile of Bournemouth Sandy beaches – just a ten minute walk. 

‘Pokesdown Train station is less than half a mile away with trains that go to London, there are two to three local schools within walking distance and AFC Bournemouth Premiership football stadium is nearby. 

‘The property is located in a popular shopping area – and the area is currently undergoing a lot of regeneration.’ 

The bedroom in the Bournemouth property is fairly large and has a number of windows

The bedroom in the Bournemouth property is fairly large and has a number of windows 

4) Two bedroom house in Turriff, Aberdeenshire, for £105,000 

The two bedroom house in Scotland is within walking distance of the town centre of Turriff

The two bedroom house in Scotland is within walking distance of the town centre of Turriff

This two bedroom, end-terrace home is located within easy walking distance of the town centre of Turriff, a town in Aberdeenshire. 

The home comprises a lounge, with a feature fireplace, which leads into the kitchen, fitted with modern units. Upstairs, there are two bedrooms and a modern shower room.

It also comes with a rear garden with decking and a driveway big enough to fit two cars, with house hunters interested in the property able to find it on Zoopla.

The market price of £105,000 is much lower than the average price paid for properties in Turriff which is £173,068. 

The area of Turriff has a small population of just over five-and-a-half thousand and sits miles away from any of the major cities in Scotland – perfect for those looking for peace and tranquility.  

This two bedroom home is located within easy walking distance of the town centre of Turriff

This two bedroom home is located within easy walking distance of the town centre of Turriff

5) Three bedroom house in Stoke-on-Trent, Staffordshire, for £90,000

This three bedroom semi-detached house in Stoke-on-Trent has front and back gardens

This three bedroom semi-detached house in Stoke-on-Trent has front and back gardens

This three bed semi-detached house in Stoke-on-Trent, is currently on the market for just £90,000 – far lower than the average house price in the area which is £153,546.

The accommodation, which is currently on Zoopla, comprises of an entrance hall with a downstairs toilet, lounge and dining kitchen on the ground floor. 

The first floor has three bedrooms and a bathroom whilst there is also a front and back garden. 

Stoke-on-Trent’s train station is situated just over two miles away from the home, whilst there are a number of schools which are also just under ten minutes walk away. 

The city, in central England, is a popular place to visit for tourists thanks to its number of historical attractions and the fact it is near Alton Towers.  

The three bedroom home comes with a brightly decorated kitchen and dining room

The three bedroom home comes with a brightly decorated kitchen and dining room

6) Two bedroom flat in Douglas, Isle of Man, for £90,000 

This two bedroom flat on the Isle of Man has been recently renovated & comes with sea views

This two bedroom flat on the Isle of Man has been recently renovated & comes with sea views

The two bedroom top floor flat in Douglas, the capital town of the Isle of Man, has recently been renovated with a new modern kitchen and bathroom suite. 

The property, which can be found on Zoopla, has distant sea views, shared parking to the rear and is within walking distance of the town centre.  

It is currently on sale for just £90,000 – much cheaper than the average price of a property, as recorded in the Isle of Man House Price Index, which came in at  £248,250 in 2017. 

Douglas is the capital and largest town of the Isle of Man, which is situated in the Irish Sea between Great Britain and Ireland. 

The town is the Island’s main hub for business, finance, legal services, shipping, transport, shopping, and entertainment. 

The two bedroom flat, in Douglas has recently been renovated

The two bedroom flat, in Douglas has recently been renovated

7) Three bedroom house in Bury for £115,000 

A three bedroom terraced home in Bury is selling for much less than the area's average

A three bedroom terraced home in Bury is selling for much less than the area’s average

This three bedroom terraced home in Bury is currently on the market for £115,000 and can be found on Purplebricks.  

Situated near the town centre of Bury, the house comes with a lounge, kitchen/dining room, downstairs bathroom and upstairs toilet, as well as three bedrooms. 

Bury is a town in Greater Manchester where houses sell for an average of £191,229, suggesting this property is a catch. 

It is situated just a few miles from Bolton, Rochdale and Manchester – meaning the owner is easily within commutable distance of a number of busy cities.  

Purplebricks regional property expert Gino Marone, said: ‘The property is very well presented, and in a fantastic location – close to the famous Bury market and within walking distance to Bury town centre. 

‘There are great transport links into Bolton and Manchester and lots of local amenities including a Vue Cinema.’ 

Bury is situated just a few miles from Bolton, Rochdale and Manchester - ideal for a commuter

Bury is situated just a few miles from Bolton, Rochdale and Manchester – ideal for a commuter

One of the bedrooms in the Bury property - which has access to an outside area

One of the bedrooms in the Bury property – which has access to an outside area

8) Three bedroom home in Mount Pleasant, Swansea for £110,000

This three bedroom, terraced home in Mount Pleasant is on the market from just £110,000

This three bedroom, terraced home in Mount Pleasant is on the market from just £110,000

This three bedroom, terraced house in Mount Pleasant is just a short walk away from Swansea town centre and the train station. 

The property, advertised on Rightmove, is set over two floors and comprises of an entrance porch, lounge open to dining room, second reception room and a kitchen. 

On the first floor are the three bedrooms and bathroom. There is also a small front and rear garden.

The interior of the property is currently somewhat dated but with the low price point, house hunters could possibly have enough money to spend on refurbishment. 

Average house prices in the Swansea area are £173,468, according to Zoopla, meaning buyers are getting a significant discount. 

Mount Pleasant was named after the main road in the centre of the town and shouldn’t be confused for the other Welsh town in Merthyr Tydfil.  

The interior of the property in Mount Pleasant is likely to need an update from the buyer

The interior of the property in Mount Pleasant is likely to need an update from the buyer

The three bedroom property is currently being advertised on Rightmove for £110,000

The three bedroom property is currently being advertised on Rightmove for £110,000 

9) Three bedroom house in Rotherham, South Yorkshire for £110,000 

This three bedroom, semi-detached home in Rotherham has a decent size front & back garden

This three bedroom, semi-detached home in Rotherham has a decent size front & back garden

A semi-detached home in Rotherham has gone on the market with a guide price of just £110,000.

As the average price in Rotherham for a house is £146,130, potential buyers are likely to be getting a bargain. 

The home, which is advertised on Rightmove, comes with three decent sized bedrooms, a lounge, kitchen, bathroom as well as a sizable front and back garden. 

It is just over two miles away from Rotherham Central and Swinton train stations and also has good links to nearby Doncaster. 

Rotherham, a large town in South Yorkshire, is under an hour journey from Sheffield, proving to be a good spot for those commuting. 

The Rotherham property has a spacious kitchen and dining room as well as two big gardens

The Rotherham property has a spacious kitchen and dining room as well as two big gardens

10) Two bedroom house in Oswaldtwistle, Lancashire for £110,000

A terraced home in Lancashire has two double bedrooms and is in a popular area

A terraced home in Lancashire has two double bedrooms and is in a popular area

This two bedroom, terraced home in Lancashire is on the market for £110,000, on Rightmove. 

Whilst this is cheap, the average price for a home in Oswaldtwistle is actually £106,204, suggesting house buyers will be paying slightly more than usual in this area for this property. 

The property comprises a welcoming hallway which leads openly to a reception room which currently has very unique decor and furniture. 

The reception room then leads on to a second reception room, sunroom, kitchen and stairs to the first floor. On the first floor there is a landing leading to two double bedrooms and a family bathroom with a garden at the rear. 

Those looking for a more a neutral toned home may have to complete a number of refurbishments to the property thanks to the taste of the current owner.  

The home is just 0.6 miles from the nearest train station and is situated not far from Burnley, Preston and nearby Blackburn which is just a 25 minute train journey away.  

The home currently comes with a very unique interior that new buyers may wish to change

The home currently comes with a very unique interior that new buyers may wish to change

The home is just 0.6 miles from the nearest train station and is situated not far from Burnley

The home is just 0.6 miles from the nearest train station and is situated not far from Burnley

Best mortgages

Some links in this article may be affiliate links. If you click on them we may earn a small commission. That helps us fund This Is Money, and keep it free to use. We do not write articles to promote products. We do not allow any commercial relationship to affect our editorial independence.

Read more at DailyMail.co.uk


Comments are closed.