Author: Eleanor Noyce
Published: Dec, 30 2024 11:10
Just outside the historic city of Durham, you’ll find the cheapest place to buy property in Britain – with houses up for sale for less than £50,000. Shildon is widely regarded as the world’s first railway town, but it also has homes up for sale for considerably lower than the going rate.
Image Credit: Metro [Story from Jam Press (Cheapest House Sale) Pictured: Interior of the the cheapest house in the UK?s cheapest area. The cheapest house in the UK?s cheapest area is up for sale at ?50,000 Fancy snapping up the cheapest house in the cheapest area to buy in the UK for only ?50,000? Now you can. Shildon is a small quiet town, just outside of the bustling city of Durham. And it happens to be the most affordable place to buy in Britain. A study, carried out by Zoopla, found that the price of the average home was ?73,200. Now, a two-bedroom, semi-detached house has gone on the market; for a low market tag of ?50,000, reports Luxury Property News. Currently, there are others available for just ?40,000 ? but they?re listed as an auction, meaning this is likely the starting bid amount. This property, however, is a regular chain-free sale. And the best part? It requires no renovation work. Stepping inside, there?s a spacious entrance hall, living room ? with electric fireplace ? and reasonably sized kitchen. Each room, including the bedrooms, has been fitted with new grey carpet and the walls appear to have had a fresh lick of paint. The family bathroom, however, may require some TLC; but it already hosts all the amenities. With on-street parking and the freehold included it?s an absolute steal. Just a stone?s throw away from local facilities and schools, as well as transport links into the city, it?s perfect for a young couple or family. The property, which is on the market for ?50,000 is listed with Robinsons estate agents, Bishop Auckland. ENDS]
In fact, one study by Zoopla placed the County Durham location as the most affordable location to buy in Britain with a typical market price of £73,200 – miles behind the UK average of £267,500. Now, one two-bedroom, semi-detached house has hit the market for £50,000 – considerably below even Zoopla’s figures – and miraculously, it doesn’t require any renovation work.
Image Credit: Metro [Story from Jam Press (Cheapest House Sale) Pictured: Interior of the the cheapest house in the UK?s cheapest area. The cheapest house in the UK?s cheapest area is up for sale at ?50,000 Fancy snapping up the cheapest house in the cheapest area to buy in the UK for only ?50,000? Now you can. Shildon is a small quiet town, just outside of the bustling city of Durham. And it happens to be the most affordable place to buy in Britain. A study, carried out by Zoopla, found that the price of the average home was ?73,200. Now, a two-bedroom, semi-detached house has gone on the market; for a low market tag of ?50,000, reports Luxury Property News. Currently, there are others available for just ?40,000 ? but they?re listed as an auction, meaning this is likely the starting bid amount. This property, however, is a regular chain-free sale. And the best part? It requires no renovation work. Stepping inside, there?s a spacious entrance hall, living room ? with electric fireplace ? and reasonably sized kitchen. Each room, including the bedrooms, has been fitted with new grey carpet and the walls appear to have had a fresh lick of paint. The family bathroom, however, may require some TLC; but it already hosts all the amenities. With on-street parking and the freehold included it?s an absolute steal. Just a stone?s throw away from local facilities and schools, as well as transport links into the city, it?s perfect for a young couple or family. The property, which is on the market for ?50,000 is listed with Robinsons estate agents, Bishop Auckland. ENDS]
Each room appears to have been given a fresh lick of paint and new carpet, and there’s a spacious entrance hall, living room complete with electric fireplace, and a decently sized kitchen. It’s only the family bathroom that might require a little bit of attention, which is arguably a steal considering the price.
Image Credit: Metro [Story from Jam Press (Cheapest House Sale) Pictured: Exterior of the the cheapest house in the UK?s cheapest area. The cheapest house in the UK?s cheapest area is up for sale at ?50,000 Fancy snapping up the cheapest house in the cheapest area to buy in the UK for only ?50,000? Now you can. Shildon is a small quiet town, just outside of the bustling city of Durham. And it happens to be the most affordable place to buy in Britain. A study, carried out by Zoopla, found that the price of the average home was ?73,200. Now, a two-bedroom, semi-detached house has gone on the market; for a low market tag of ?50,000, reports Luxury Property News. Currently, there are others available for just ?40,000 ? but they?re listed as an auction, meaning this is likely the starting bid amount. This property, however, is a regular chain-free sale. And the best part? It requires no renovation work. Stepping inside, there?s a spacious entrance hall, living room ? with electric fireplace ? and reasonably sized kitchen. Each room, including the bedrooms, has been fitted with new grey carpet and the walls appear to have had a fresh lick of paint. The family bathroom, however, may require some TLC; but it already hosts all the amenities. With on-street parking and the freehold included it?s an absolute steal. Just a stone?s throw away from local facilities and schools, as well as transport links into the city, it?s perfect for a young couple or family. The property, which is on the market for ?50,000 is listed with Robinsons estate agents, Bishop Auckland. ENDS]
The property itself comes chain-free, and it has the freehold included. But it’s not just this gem that’s considerably under the UK property average: there’s one nearby home that’s hit the market to the tune of £45,000, complete with two bedrooms and one bathroom.
There are listings even lower too, as one two-bedroom property on South Street is up for just £40,000, while one on Cedar Grove costs just £35,000. As Verona Frankish, CEO of Yopa previously told Metro, prices in County Durham come in around 56% below the national average. That makes it 22% more affordable than the regional average for the North East.