Where could I buy a house for 100k

[IAmKloot]

Long story short, I own a house with roughly 100k equity, my circumstances have changed and I can no longer afford the mortgage and am not going to be able to get another mortgage either. I have a bit extra in savings that will cover fees and give me a little cushion.

I live in the South East and I know I'll get nothing here for that and will need to move to another part of the country. I grew up in the NW so I'm drawn there but I could go anywhere really, I've no ties. I can work anywhere in England (but not other parts of the UK). I would prefer somewhere urban or suburban not too far from a city. There are houses in Oldham and Halifax within budget so I'm looking at those but would welcome suggestions.

I want a house rather than a flat but terrace/ 2up 2down is fine.

I know I'm not going to get a palace or anything in a particularly nice area but just want security and permanence.

No
site fees can be at least £2500 a year
some have unregulated energy supply which you buy off site owner at what ever they decide
age limit on caravans on site

Barrowford is a nice little town with good transport links and some good bars / cafes / nice park / access to lovely countryside. House looks like it'd be grand with a bit of cosmetic sprucing up:

https://www.rightmove.co.uk/properties/146305508

Fascinating thread. You wouldn't get any of these houses for less than £400k in my area (London outskirts). Beginning to feel that my kids will have a better chance of having a life if they leave London.

@stillcovidhere I genuinely wasn't expecting such a wide range of options

What about shared ownership? Buy a share outright and pay rent for a few years until you're in a better position. The rent on shared ownership is a smaller cost and that way you keep your equity which may increase if the value of the house increases.

It might just enable you to live in a house that is nice and suit your needs.

Good luck! X

My DS 3 years ago and moved to Hull so he could buy a house. He bought a 2 bedroom terraced house that was decorated very nicely for £78k. I've had a quick look and you could get a 2 bedroom terrace for £85-90k and a 3 bedroom terraced starts from about £95k. Avoid HU7. HU3/5/9 seem popular. A city but a small city. Schools seem OK. People are friendly. My son made several friends quite quickly and found a really lovely gf. Take a look on Rightmove.

There are several nice parks and green spaces you could explore. I'd look on Rightmove and pick out 4 or 5 houses you like the look of and set up viewings. You could stay overnight. Lots of busy shops and restaurants including takeaways. My son lives there now and I've found when I visit him the cost is lower than the Midlands.

Seconding South Wales - look at Barry, Bridgend, Pontypridd and anywhere on train lines in Rhondda/ Cynon / Taff Valleys.

Loads of housing stock, easy links to Cardiff. Good levels of government investment, especially around Pontypridd. You'll get more for your money a couple of miles further out: Porth or Abercynon.

Hartlepool

Some great suggestions here- if you are genuinely flexible then the north east is a great shout- lovely coast and Newcastle a fab and fun city

Try Chesterfield. On the edge of the Peak District, very close to Sheffield. Decent train and road links and certainly used to me very cheap, although I haven't looked for a while

Dunfermline 2 or 3 bed end terrace. Lovely town (technically a city 😀) and only 30 minutes on the train (£7 ticket) right into the middle of Edinburgh. Also plenty of busses, but they take a bit longer.

Named as the 2024 best U.K. city for quality of life. Gorgeous parks, Abbey, Palace, public facilities. Plenty of jobs.
Very friendly.

https://www.dunfermlinepress.com/news/24032355.dunfermline-named-uks-best-city/#:~:text=Sign%20in.-,Dunfermline%20has%20been%20named%20the%20best%20city%20in%20the%20UK,a%20high%20standard%20of%20living.

Great thread. Anyone know a cheap area with public transport links to the Peak District please?

Your son isn’t called Chris by any chance? 🥰

That would get you a decent 2 bedroom flat in the more rural parts of Scotland.

Grimsby
NE Lincolnshire
Hartlepool

Bolton? Easy and quick to get train into Manchester

Bishop Auckland. A lovely place with friendly people that has had massive investment in the town. Loads of history and galleries. it's beautiful and the people are lovely. Loads going on, but you can find a nice house there in a quiet street. 20 minutes from Durham and Newcastle not far. You're near the main line from London to Edinburgh. People come from all over the country for Kynren. Also there is a massive food festival. The whole town has had regeneration from a local businessman. It's lovely. Beautiful architecture and independent shops as well as big supermarkets.

Buy a house there now and the price will go up and up. it's a great place to be.
Why Bishop Auckland is the most dynamic town in northern England | The Independent | The Independent

Probably Doncaster. Or north Lincs. Neither are as bad as people make out if you are reasonably picky about the area, within budget.

This thread makes me want to sell up and move. A house near the lakes without a mortgage would be wonderful.

Mass exodus to NW lakes it is then

Re Bishop Auckland - £65,000 for this three bed terrace - it's in a good street in the town:

Barnsley, Doncaster, Mansfield, Gainsborough, Rotherham, Sheffield, Worksop, Lincoln, Newark, Wakefield, Nottingham, chesterfield

www.rightmove.co.uk/property-for-sale/find.html?locationIdentifier=REGION%5E19007&insId=1&maxPrice=100000&radius=40.0&googleAnalyticsChannel=buying

Aka Blackpool!

house prices for 2 beds start at 70 k in skelmersdale NW