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Where to buy a house for 40k

106 replies

SundayRoastt · 24/10/2018 20:53

Where in the country can you buy a house with at least 2 bedrooms and a garden in a half decent area for a max of 40k, ideally 35k.
There's quite a lot on zoopla but some of the areas I've heard are questionable so if anyone lives in an area where this is possible it would be great to hear from you.
I know the further north, the better value for money house-wise but I've never been further north than Nottingham and im not able to travel the country to look at all the areas so I need to narrow it down. So far I've researched Sheffield, Grimsby and Middlesbrough but they all sound too rough. Darlington sounds good from the little I've heard but possibly too much compromise with a tiny property. That's as far as I've got, so if anyone can suggest an area or a house they know of I'd be grateful!

OP posts:
SweetheartNeckline · 24/10/2018 20:55

£40, 000 is really very cheap and most houses in half- or even quarter-decent areas will cost a lot more than that.

Does it need to be liveable in or could you do work to make it habitable?

MishMashMosher · 24/10/2018 20:56

You can buy a house for that in Ashington or blyth in Northumberland but you wouldn't want to live there.

MishMashMosher · 24/10/2018 20:57

You will not find a house in a decent area for so little.

SausageSimon · 24/10/2018 20:58

It's possible maybe 20 minutes from where I live, but like others have said it isn't an area you'd want to live in at all!

Ilove · 24/10/2018 20:58

I’m selling one right now with a price of 39950

2 large bedrooms, kitchen, big front room, bathroom, garden.

West Yorkshire

I also have a second on for 60000, 2 bed, new kitchen/bathroom/heating, garden etc

They’re out there

travailtotravel · 24/10/2018 20:58

Hartlepool. You're not in a position to be too picky but can do it for that budget.

PiperPublickOccurrences · 24/10/2018 20:59

You are not going to get a 2 bedroom house with a garden in a good area for 40k.

The average price of a terraced house in the UK is over £200k. You are working with a fifth of the average price.

SausageSimon · 24/10/2018 21:00

May I ask where in West Yorkshire?

Ilove · 24/10/2018 21:04

One in Liversedge, one in Heckmondwike. Both with good transport links in quiet areas - in face the cheaper one is in a quieter area than the one at 60, but the one at 60 is bigger

DavedeeDozyBeakyMickandTich · 24/10/2018 21:05

Maybe in the 1980's?

Sorry I struggle to see where you can buy 2 bed house with a garden that is in a somewhat decent area and habitable for that price.

supadupapupascupa · 24/10/2018 21:07

Most places where you can do this will be rough.

YourVagesty · 24/10/2018 21:11

I bought a nice two bed cottage in a good village for 50k last year at auction. It needed doing up but it's nearly ready for re-selling.

Auctions are great Wink

SushiMonster · 24/10/2018 21:27

Maybe welsh valleys?

But there will be zero job opportunities and facilities/amenities.

unlimiteddilutingjuice · 24/10/2018 21:35

We bought for 50k in Glasgow.
The area is poor but respectable. It has 3 bedrooms. No garden though.
That was a few years back though. You'd pay 70k for it now.
I have seen stuff for the kind of price your talking about. Flats not houses generally and in rough areas.

HotChoc10 · 24/10/2018 21:45

Saw some two bed flats in Perth advertised around 55k, maybe a one bed would be 40?

millimat · 24/10/2018 21:47

Is it to live in or rent?

TheOriginalFactoryMum · 24/10/2018 21:50

Doncaster. Despite the rep it’s a lovely place to live and easily commutable to Sheffield, Leeds, York and a bit further Manchester for work.

shakeyourcaboose · 24/10/2018 21:55

What about a shared ownership?

shakeyourcaboose · 24/10/2018 21:56

What about Cumbria? www.rightmove.co.uk/property-for-sale/property-75078038.html

Catspyjamazzzz · 24/10/2018 22:02

I had a look at the Middlesbrough ones for £40k - you do not want to live in ormesby!

Villanellesproudmum · 24/10/2018 22:03

What are you looking for, Gainsborough for Grammar schools. Sunderland, Glasgow, Liverpool or Sheffield for potential investment?

DevonCherry · 24/10/2018 22:13

There are loads of little terraced properties in the £30-£50k bracket on Rightmove: I searched 2+ bed houses with garden in a 40 mile radius of "Yorkshire" and have come up with a list of over 1300! Some are auction guide prices but many are fixed price or OIRO.
As an example: Burnley, Bradford, Bishop Auckland, Hartlepool, Grimsby, Gainsborough etc. Not places I've ever been (and maybe I don't want to?) - but there are cheap homes around. It's certainly food for thought for anyone living in London where you can't find a 2 bed terraced property for £400K, let alone £40K

Murinae · 24/10/2018 22:17

Tonypandy, Aberdare, Ferndale, and not that far from Cardiff

Focalpoint · 24/10/2018 22:31

You could in N. Ireland. Had a quick look and of the cheap houses, this is a pretty nice seaside town. Needs work though.

www.propertypal.com/3-drumourne-road-carnlough/500199