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.

https://www.onthemarket.com/details/14317070/

Sunderland?

I'd be wary about Scunthorpe and Port Talbot.

Both towns are about to lose thousands of jobs due to changes at the steel works so unless there is significant regeneration the towns and population will probably suffer quite badly over the next few years.

Obviously the NE along with Yorkshire and Wales etc has lost major industries like coal mining which has left many villages desolate but there is still plenty of employers - there are the universities of Durham, Northumbria, Teeside and Newcastle and lots of other big employers - list below. There are councils/public services/hotels/airports and many big estates still and farms. I posted earlier about government departments moving up to Darlington too. Not sure what you are comparing it with with respect to children having to move away - I don't get the feeling that it's a big problem like perhaps in very rural or remote areas but obviously it's not London. There are also lots of industrial estates in pretty much every town.

There doesn't seem to be the pressure on school places IME generally outside the city centres - when we moved up here my DD was given a place in year 7 before we even moved and the local LEA told me I could take my pick of any primary schools for DS ongoing into year 2. I have been very happy with the state school provision.

www.chroniclelive.co.uk/business/business-news/who-north-easts-largest-200-13912009

Fwiw I live in a similar area but NW. The job situation is appalling. My son struggled to get an apprenticeship despite excellent GCSEs and A’level predictions. One of the issues was public transport being so poor. Most of our public services aren’t taking folk on, our understaffed NHS has a dozen vacancies and that’s it. I’m a nurse and there’s nothing if I wanted to move on or go for promotion. It’s like dead men’s shoes. I guess my point is most youngsters who want more than a NMW job move on or never return from uni. Unlike Darlington which has had millions in investment (red wall area but turned Tory funnily enough) our NW town hasn’t had the same degree.
Like I say £100k in my town would buy you a dingy terrace in a thoroughly depressing area. It’s not like it’s some hidden nirvana up here but in any case good luck with OPs search.

Porthleven, Cornwall

www.rightmove.co.uk/properties/147795968

Looks nice to me ☺️

DH is from the north east and most of his school friends stayed local and have professional or career jobs. They went to a standard comprehensive, and have managed to buy houses, raise families etc without moving away. There are communities in the NE that were hugely damaged by the end of mining and shipbuilding, that is very true. But there are also thriving areas, and from working in the NW now, I think there are nicer bits of the NE that have sub-£100k housing than the NW. As the PP says, there has been a lot more regeneration money put into the NE than the NW.

https://www.rightmove.co.uk/properties/130002737?utm_campaign=property-details&utm_content=buying&utm_medium=sharing&utm_source=copytoclipboard#/&channel=RES_BUY

Lots cheaper.. Exeter (city)

www.rightmove.co.uk/properties/147674276

That's only a 25% share though, so rent will be due in perpetuity. Not ideal if you want to be debt /mortgage / rent free

@Ladyoftheapple that's shared ownership at 44% - however as I mentioned in an earlier post - that may make sense to at just under £300 in rent!! Enables nicer areas

@Ladyoftheapple that's shared ownership at 44% - however as I mentioned in an earlier post - that may make sense to at just under £300 in rent!! Enables nicer areas

https://www.rightmove.co.uk/properties/147206084#/?channel=RES_BUY

Wigan? This isn't a bad area to be fair

www.rightmove.co.uk/properties/148064849

Not far from Bristol

www.rightmove.co.uk/properties/147202658

This looks nice

www.rightmove.co.uk/properties/147202658

This is such a useful thread. I'm in a similar situation but feel overwhelmed with it all. I need to spend a day researching.

"2 bedroom terraced house for sale in Industrial Road, Sowerby Bridge, HX6" https://www.rightmove.co.uk/properties/124688111#/?channel=RES_BUY

We have friends who moved to Sowerby Bridge, work from home. They're very happy

Following for ideas, thanks for the thread

That's an auction though. Auction guide prices are deeply misleading. No use to most people.

There's quite a lot in Bolton for that sort of price, like this little end terrace with a decent yard.

www.rightmove.co.uk/properties/86824968?utm_campaign=property-details&utm_content=buying&utm_medium=sharing&utm_source=copytoclipboard#/&channel=RES_BUY

And I know you said not a flat but this is lovely, and right in the town centre.

www.rightmove.co.uk/properties/107389754?utm_campaign=property-details&utm_content=buying&utm_medium=sharing&utm_source=copytoclipboard#/&channel=RES_BUY

@Pinkywoo that's a really cracking flat, 2 bedder too !! That would be around £375k here in Bath

It is a fab flat! As others have said this is a really useful thread - I have two children who will be wanting to buy their first house in a few years time so it is good to know their range of options beyond what I know of Yorkshire/Co. Durham