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.

Not a house but a lovely spacious 2-3 bed flat would be less than £100k.

Victorian 2 up 2 down is 260k here

Yes you can, but it’d be a run-down old terrace in a not very nice area.

No. Lowest priced property currently for sale is a 2 bed flat for £125k.

People are asking £250k for onw bed flats in not very nice blocks and £350k for ex council houses here and we're not even in a "desirable" area with good schools etc, or in London.

@gumball37 It's the land itself that costs a lot here now, and what has driven up property prices. That's what makes the difference between the UK and much larger countries such as the USA and Australia. You have the space, we don't. Round here a tiny 1-bedroom flat costs around £180,000 and a decent sized house with 4 bedrooms and a large garden would be around £700 - £800k.

Yes but it would be a shithole in a rough area and in need of renovations. U.K. property prices are a lot higher than the USA.

where i live £70k will buy you a decent apartment or a grim victorian back to back house in a not very nice part of our town a two bed house is usually in the £100- 150 k range 3 beds 3160-190k

You can buy flats or maisonettes for that price here (Midlands), not houses.

You could get a one up one down back to back terrace here with no garden for 85k. Not the best area but it would Yorkshire stone and wouldn’t move in a hurricane.

Unfortunately not, I've just checked the whole county on Primelocation etc, and the cheapest is a mobile home for £140,000.

Where I am the cheapest house would be around £350k in a rough area in poor condition. The kind of house you live in would be over £1M.

$100K is around £75K so no way. Even at £100K not a chance.

Rural Scotland, desirable area for rich retirees and city escapees.

Not a chance. You’d be lucky to get a one bedroom flat for that and even then it would likely be shared ownership. A garage is £55,000.

For a house you wouldn’t get a 3 bedroom terrace for under £400,000 and that would be one / 2 reception rooms and one bathroom.

Nothing available in the town where I live except park homes (static caravans) and land. This is half an hour away for £95k www.rightmove.co.uk/properties/114004319

In my area you can get:

2 bedroom flat: £55,000
www.rightmove.co.uk/properties/117683570#/?channel=RES_BUY

2 bed house: £130,000
www.rightmove.co.uk/properties/119818238#/?channel=RES_BUY

4 bed house: £250,000
www.rightmove.co.uk/properties/84023628#/?channel=RES_BUY

All are in okayish areas

Scotland is no longer very cheap, as previous poster suggested.
Average price of a house is now over £200,000.
www.insider.co.uk/news/scotlands-2021-house-price-winners-25764008

All the Scottish castles for sale that I can find on line are priced in millions.

There was a thread here a few days ago where somone has purchased an old church in Orkney for well under £100,000. But it would have cost all that - maybe much more - to make it habitable. Building materials are even more expensive up here than down south, and the costs of transporting them can be very, very high. Also, most (all?) Scottish councils are very hot on requiring good, safe building standards, the use of approriate local materials (eg real slates, which are NOT cheap), rigorous planning permission etc etc. As was pointed out to the person who had bought a church, you can't just do what you want to an old building.

Having said all that, there are unfashionable but OK parts of Glasgow where you can buy a quite spacious, well-built (1930s, 1950s) flat in good condition for around £100,000. Something like this for example: www.rightmove.co.uk/properties/84071286#/?channel=RES_BUY

You can find probably similar properties in many other Scottish towns, though they may not be particularly pretty or cheerful places to live. However, the Scottish 'offers over' system often means that houses go for 10 or 20 per cent more than the asking price - or even more than that in Edinburgh.

@QueryA I wasn't meaning you when I said "previous poster" - I was replying to someone who posted a couple of pages or so ago, who said that you could but a ruined castle here for under £100,000.

I like the little flat you found.. But as with all other shared big buildings, so much would depend on the neighbours.

I'm in Maryland near DC and prices are ridiculous. Expect to pay half a million at least. There are townhouses (attached houses, little or no garden) going for more than that. The USA isn't all cheap.

Even in rural areas in the USA, what's cheap is the base price of land, and old construction. If you wanted something fully modernised, it would not cost $100k.

All the Scottish castles for sale that I can find on line are priced in millions

Exactly.

I'm still waiting for that poster to come up with a few links for the cheap Scottish castles that he/she claimed existed.

No. A 3 bed semi with one bathroom is 400-450k depending whether it needs work doing to it in my area.

I had a look out of curiosity for my town. £80k for a 1-bed flat, £189 for a 2-bed terraced house.

It explains the affordability crisis in the UK as that's well above the average wage for the area.

Not near where I live right now, but I quite often find myself going down the rabbit hole of looking at Victorian houses in rural Maine for almost nothing, right near the lakes and mountains.

One day...

No only retirement flats. No ordinary flats on the market at the moment but they usually go from about 130k. Cheapest house on currently is 180k. Nice town in South west.

You couldn't get a studio flat for that here. I've seen parking spaces cost more!