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?

I honestly think that will be too limiting OP. Better to invest it and use the interest to contribute towards renting in an area you like. How much does it cost to buy a place where you currently live?

That’s rather nice I think for the money

There are a few near me, some even half of your budget - very deprived part of the north. You are looking at a small 2 up 2 down, ex drug den with neighbours who would make guests on the Jeremy Kyle show look like reasonable, functional, well adjusted adults. Surrounded by England flags and think Tommy Robinson should be a national hero and given a knighthood. Half of MN would probably amputate their own leg with a butter knife before move there. So there is that.

258 square foot! That is absolutely miniscule.

Is there a reason why you won’t consider a mortgage?

Nearly all the "examples" being shared in this thread are either retirement properties, auction starting prices, or shared ownerships.

Oo yes. Could fit the bill area wise too. Not many stabbings round there I’m sure.

Bijou :)

I'd consider this. It's a decent area for the budget. https://www.rightmove.co.uk/properties/168794189?utm_campaign=property-details&utm_content=buying&utm_medium=sharing&utm_source=copytoclipboard#/&channel=RES_BUY

@Glowingup i see no different to renting, having a mortgage. Then I have all the maintenance costs on top of mortgage payments!

I would probably go myself for something like these rather than a really grim flat in a gritty area - at least they will be pleasant to live in!!
https://www.rightmove.co.uk/properties/124975988#/?channel=RES_BUY

https://www.rightmove.co.uk/properties/168466121

I was thinking more of towns such as Grimsby - looks like there are bargains to be had here. But no idea what the area is like to live in - you will have to travel and check areas out OP. https://www.rightmove.co.uk/properties/167358680#/?channel=RES_BUY

Kingston park is fine. Near Newcastle. Near a1.

www.rightmove.co.uk/properties/159816206

There are park homes and flats for around 50k near me. Not fabulous places but meet your budget spec. A couple of houses within the 60k too if you don't mind a doer upper. Prices have shot up lately though, you used to be able to get terraces starting at 30-40k for renovation.

Every payment you make you’ll be paying off some of the capital. How old are you? I mean fair enough if you want to live in the arse end of nowhere or in a horrible rough area or in a horrible property but you could use this opportunity to get something nice you actually want to live in.

This one for the views
https://www.rightmove.co.uk/properties/163008077

@Icecreamandcoffee that’s exactly what I meant by I don’t mind where, lol. Rough and ready with flags, fine. Drug dealers and prostitution no.

I'd consider a canal boat for that... a friend of mine who had a new one fitted out to her specification said it was about £1000 per foot as a rule of thumb - 60' is about right for long term living, stick to standard 6' 10" beam(width). Have a look at the Kennet & Avon or Grand Union canals for moorings.

My Granny used to leave very close to here, perfectly fine

www.rightmove.co.uk/properties/161034143

Tiny studio flat on Isle of Portland in an odd building. Portland is quirky and rough around the edges, but some people love it.

www.rightmove.co.uk/properties/165522953#/?channel=RES_BUY

https://www.rightmove.co.uk/properties/151037321#/?channel=RES_BUY

@larkstar that would be a dream of mine! But as a single, non mechanical/practical minded female, I’ve sadly ruled it out.

I live in a Northern mill town and there’s nothing under £150,000.

Little flat in Perth

www.rightmove.co.uk/properties/168814556

I wouldn’t. You have to pay site fees of £4700+ a year, these type of units usually have terrible T&C, sites demanding that you replace tired looking units, can only buy through them , etc etc. and the value will only depreciate. Which will leave the OP potentially vulnerable when she is 80 and not wanting to live on a lodge park

I know you said you're not interested in a mortgage but even a small one would significantly increase your options. You might also be able to stretch to a house rather than a flat which might be a better investment over time (then you could eventually downsize, pay off the mortgage and sink the rest into your pension)