Can you buy a house for less than 100k where you are?

[gumball37]

I'm in rural Pennsylvania (USA). I bought our house this past summer (August) for $70k. 4 bed, 2 full baths, play room, dining room, and office/gaming area for my teen off of the living room. Has a large yard and garage. Here you just go to the local school district (catchment if you will).

I had a frozen pipe which is costing me 4k to fix and redo kitchen. Put about 2500 into random things for maintenance and aesthetics. 5400 for new carpet. I estimate another 20-25k for more updates in the next few years.

It seems most of the posts I read on here are about palaces 300k and up. So I was just curious.

I bought my very first house for £78k over twenty years ago. It was in a not desirable part of outer London and an ex council property. I got it cheap as the owner had passed away and his next of kin lived far away and the house had no kitchen, no central heating, old falling apart windows, a boiler ready to be condemned. We did it up with the help of friends and family.

Couldn’t get anything around your budget OP now.

This is why my American friend longs to sell up and move back home, she knows the price she’ll get for her tiny little maisonette in london would get her a home with a swimming pool back in America in the state her family live in.

4 bed house here for £100k. But it’s cash only and there’s a massive crack up the bedroom wall and looks like the extension is about to fall down. Ok area so possibly a good buy for a developer.

Other than that the next cheapest is a 2 bed flat.

No 4 beds for 100k within 40 miles (furthest I can look) of here according to Rightmove, and the only 3 beds are 90k for a static caravan that you can't live in all year round.

Nope. A 4-bed with garage and garden would probably be around 400-500k here in the SW. Possibly more because of the scenic location. I've seen 1-bed flats on the market for around 200k. It's pretty dire.

In this area £100k would get you a garage, very small retirement flat, a small piece of undeveloped land (probably next to a railway line) or a mobile home on a Park Homes site.
That's in the Bristol and Bath area parts of both cities are as expensive as London. For example, a flat overlooking the Clifton Suspension Bridge in Bristol can expect to sell for over £1M.

Nope! Flats are £200k

You couldn't buy a studio flat for that here. Our small 2.5 bed house (I say that as the box room is too small to fit a bed in) was 350k

In my nice part of Glasgow? No chance.

In wider west central Scotland yes you could but it would be a flat in an ex-council block, or a not so great area, or above a shop.

The area I live in has a lot of wealth disparity so we could probably get a house for £70k within a couple miles but I would feel very unsafe in that area. I’m currently living in a normal working class town and my house was £125k two years ago for a 3 bed terrace 1 bathroom and a small front/back garden. I think the neighbours house sold last year for 140k and is identical to ours. I feel very lucky we could afford our house, if we had bought any later we would have been priced out. In contrast I grew up maybe three miles away and all of those houses are 260k+ at least, we had lots of footballers houses and lawyers/barristers just past our road but my parents bought the house in 1990 very cheaply and before the area became wealthy.

In short, yes but it would be awful.

Not in my town. But within a five mile radius you can:

www.rightmove.co.uk/properties/120267710#/?channel=RES_BUY

2 bed new builds in our area go for almost £300k. 5 bed new builds a few streets away going for £1million. However you can get a 1 bed townhouse with no garden in a nearby town for £130k. I've also seen 1 bed terraced cottages in need of major work for offers over £100k.

You can get a 1 bed retirement flat for £50-75k where I live. The cheapest 1-bed flat that isn't retirement or shared ownership is about £120k and its a fixer-upper

There’s one studio flat on here for offers over 100k, that’s it. And it’s really shabby and in a Victorian building that looks like it’s had no work done on maintenance for years. And there’s certainly no ‘palaces’ for anywhere near 300k here in SE. There is currently a double garage for sale at 300k though!

Wow. Just bringing home how insane house prices are near me (naive town in Home Counties about 30 mins into central London on the train).

Had a look at rightmove recently and 4 bed houses are around the £1 million mark. The house I would really like to buy is £2.6 million.

I will not be buying it (unless I win the lottery).

Naice town not naïve.

Although perhaps also naïve re house prices!

I live near Bradford. I’ve just done a Rightmove search for a 3 bed detached house with parking within 30miles under £100k. 3 places came up - 2 mobile homes and 1 for £95000. So one of the cheaper parts of England and the answer is probably no.

You wouldn't even get a studio for that in my shabby east London borough.

Any chance of a picture OP? I love looking at American houses and pretending I live in a Hallmark movie and have a porch.

Where I am (NW England) you could buy a decent 3 bed, or a doer-upper 4/5 bed for 100k.

No. Large town on southern England. I did see a curious converted garage / large extension for 80k a while ago though.

Otherwise any family home is 200k up. And that's a small uk home, not a double garage, multi ensuite and basement USA style home.

No. But I can buy a parking space for £15k. Yes, I do live in London.

nope. a 2 bed flat where I live goes for about £200,000. I mean you might be able to buy an uninhabited 1 bed flat with crumbling floorboards, no roof and a jungle back garden for about £100,000. I strongly believe and average 3 bed 1960's semi should be no more then 4 times the median wage of the area - the median wage where I live is 30k - yet the house I describes would be around 10x that. This is why home ownership is out of reach for so many

West Midlands, there are some houses (1-3 bed terraces) for under £100,001. Not nice ones, not the greatest areas and in need of plenty of work but you can get a place.

Hahaha no chance.

There are 60 houses/flats within 3 miles of me for under £100k (inc sold stc) - north west of England. They start at £65k.

Ha ha, it might buy you a tiny flat that isn’t mortgageable or a used park home.