If you had £60,000 to buy a property…..

[blublub]

…..anywhere in the country, where would you buy? It’s not a lot but it’s an opportunity I have been given, but I have no idea. Where would you buy?

Is this 60k total or 60k deposit?

Not enough info, how big a mortgage are you able to get?

Well firstly that’s not enough to buy a property but it is a good amount to get a property with but you’d look at a mortgage and use the 60K for a deposit.

You could look at a 200K property and put down 40K on deposit and keep 20K for legal fees and doing the house up

Is there anywhere you can buy a property for £60,000 now?

Is it to live in or rent out?

Is that the total? Or deposit? If it’s a deposit I’d quite fancy Chester or York! If it’s the full amount I’d doubt you’d get better than Jaywick!

£60,000 cash. Not interested in a mortgage.

Well that really restricts you as assume you’re not factoring in any renovation costs. So I’d get on Rightmove and use their search where you see where you can afford to buy what you want and cross your fingers.

A family member just sold a 1 bedroom downstairs flat for just under your budget.
Fife on the east coast of Scotland.

I’m surprised you can get anything but a Quick Look and there’s an ok flat in lytham st Anne’s, that’s quite a nice place to live and it’s by the sea!
www.rightmove.co.uk/properties/160297169#/?channel=RES_BUY

Is this because you’ve been given some money to invest? What’s the objective?

It’s not enough to buy a property IMO.

South Wales Valleys worth a look. Be selective, look near public transport if you'll need it, but you can make a nice life here

https://www.rightmove.co.uk/house-prices/cf.html?sortBy=PRICE&sortOrder=ASC&soldIn=1

Probably quite a few inner city areas might have a cheap 1 bed flat for that but I doubt the area would be very nice. Maybe try Scotland, West Midlands, some parts of Leeds or Bradford.

Have you missed a '0' OP?

Try coastal towns around the UK.

Flat below us just went for £60K. Two bedrooms,quiet area.

You could get a lot more for your money by buying in France.

So this exact scenario happened to us basically. We bought in Ashington Northumberland so we could be mortgage free. Love it here

https://www.rightmove.co.uk/properties/168450698

Auction properties maybe. This one will probably go above the auction price.

Here's a nice looking one for £5k over:
https://www.rightmove.co.uk/properties/168566165#/?channel=RES_BUY

https://www.rightmove.co.uk/properties/133649141

chatham in Kent - close to London 55k - sale price not auction

developers/property flippers are always buying in Gillingham and Chatham (see homes under the hammer)

Parts of Scotland?

People posting links to properties going for auction need to remember what is listed is just a starting price and that they will usually require renovation.

Ah yes just spotted the one I listed was an auction property.

Lincolnshire has very good value property.

Little flat in a lovely town

www.rightmove.co.uk/properties/163546712

And another

https://www.rightmove.co.uk/properties/168032969

Of course it's enough to buy a property. Look on Rightmove move in Falkirk area and surrounds, several below that price.