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?

Shared ownership so having to pay mortgage and rent and leasehold charges. No way

Plus Norfolk is nowhere near anywhere

The midlands and the NE would be my vote. I love those areas anyway

I am pretty sure that for some at least they are listing flat (now) against a house that was later converted! House prices haven't dropped around here - not shooting up, but rising like everywhere.

https://www.rightmove.co.uk/properties/166967885#/?channel=RES_BUY

Glasgow, East Kilbride, Clydebank

https://www.rightmove.co.uk/properties/165939377#/?channel=RES_BUY

https://www.rightmove.co.uk/properties/164533397#/?channel=RES_BUY

Powys/Gwynedd in Wales?

Not a pretty building, but a beautiful spot, good transport links, and looks ready to move in if you don't mind dull decor. Need to check re leasehold:

https://www.rightmove.co.uk/properties/167703350?utm_campaign=property-details&utm_content=buying&utm_medium=sharing&utm_source=copytoclipboard#/&channel=RES_BUY

https://www.aspc.co.uk/search/property/436259/42-Dunlin-Road/Aberdeen/

Gosh you’ve all given me so much to look at and think about, thank you so much.

I live in the midlands currently. Would love to live near the sea, but not a dealbreaker. Do love the do-upper terraces. Not bothered about a rough/dated interior as long as no damp/ structural issues.

shared ownership does seem a con to me.

Ignore my response- OP already replied!

Port Glasgow. You could buy about 4 and still have change for a Lamborghini.

So you’re prepared to buy a do-er upper? Do you know how much renovation costs? You’d need to budget for new kitchen, new bathroom, electrical rewiring, sometimes installation of central heating, replastering or skimming ceilings and walls, possibly replacing windows and doors.

You wouldn’t get much change from 60k for the renovations alone and you’d have to live in it.

Denbigh is quite sweet, and this flat looks well looked after

https://www.rightmove.co.uk/properties/168129335?utm_campaign=property-details&utm_content=buying&utm_medium=sharing&utm_source=copytoclipboard#/&channel=RES_BUY

Grimsby!

Rhyl, Llandudno, Colwyn Bay would have lots of properties near the sea, though you will need to filter out the many retirement flats.

Here's an example https://www.rightmove.co.uk/properties/167489987#/?channel=RES_BUY

If you want to live by the sea OP try Troon or Barassie in Scotland.

Oh and Rhyl, for North Wales seaside towns.

www.rightmove.co.uk/properties/166594961?utm_campaign=property-details&utm_content=buying&utm_medium=sharing&utm_source=copytoclipboard#/&channel=RES_BUY

I was gifted a similar amount earlier this year and I too currently rent (have been for more than two decades!). I would love to be mortgage free but after months of research I've concluded that:

Flats don't hold their value nowhere near as much as houses. Also too many problems with leasehold properties.

As you say, shared ownership is a con - the worst of both worlds.

I wouldn't buy anywhere near the sea because of sea level risings / climate change. Some mortgage providers take this into account.

The areas where the affordable houses are just aren't great, so I've decided to do as some others have suggested and get a small mortgage for a two bed terrace. I figure I can always get a lodger to help out with the mortgage - could that work for you too?

Yep - there's lots of choices in some of the mill towns - Preston, Blackburn, Burnley, Huddersfield, Bradford.

Not electrics, but if it had storage heaters instead of a boiler and 1980s decor, or tenant trashed walls, yes. I can put in a new kitchen or bathroom to my liking over time, as long as the one in is functional or slap on paint and paper. I’m really not fussy. It’s just areas I am unsure of.

https://www.rightmove.co.uk/properties/164672468#/?channel=RES_BUY

Yea definitely central belt Scotland is worth a look, Falkirk, Bo'ness, Alloa. Over towards Ayrshire. Or Scottish Borders as well, places like Hawick.

Nice to be by the Tay. And 15k spare change.

https://www.rightmove.co.uk/properties/159656258

It depends what kinds of places float your boat, but Rhyl is fairly horrible. A lot of the flats linked on this thread are retirement places or for over 55s, so potentially not suitable for the OP.