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Buying a cheap house in Liverpool / Merseyside - £130k or less

9 replies

topcat2026 · 08/03/2026 22:26

Later this year, I'm going to buy my first property, at the age of 50 and by myself. Liverpool has always appealed, and I go there now and then for days out as I live quite close (Manchester). But I can't afford a house in Manchester so have identified Liverpool as a place to buy something (a two bedroom terrace - I'm not interested in buying a leasehold flat). I would do my current job as hybrid, travelling to and from Manchester twice a week.

I haven't seen a mortgage broker yet, but I'm working on the assumption that as I have a shit private pension, a mortgage would be offered up to retirement age of 67, so 17 years. My deposit is £60k and I want to keep my repayment to less than £500 a month based on interest at 4.5%. I'm thinking of getting a lodger as I only earn £32k and want the mortgage paid off asap. Also thinking of wriggle room in case interest rates go up. So all in all the house would have to be £130k or less. After many hours rightmoving, the same areas come up - Anfield, Kensington, Bootle , Kirkdale- areas I've not been to but have read there's lots of crime and anti-social behaviours there.

I was hoping some folks could recommend good areas in the city or nearby, preferably with a train station? that have houses in my budget? I read here ages ago that you should try and avoid places in the city north of the city centre but I can't afford to buy in the nice bits!

OP posts:
catherinewales · 08/03/2026 22:32

Have you looked at Knowsley? Kirkby in particular. It has 2 train stations. 15 mins into the city centre by train. Has 2 motorways, 45 min drive to Manchester. Also a train that goes straight through to Manchester. Houses quite reasonable priced. Decent area.

GandTtwice · 08/03/2026 22:56

I think you are going to struggle to find anything (that doesn't need significant work) at £130,000 in a really nice area.
https://www.rightmove.co.uk/properties/171201326?utm_campaign=property-details&utm_content=buying&utm_medium=sharing&utm_source=copytoclipboard#/&channel=RES_BUY
This one is in Seaforth close to Waterloo in a better area but does need some work. Areas of Seaforth/Litherland are nicer than Bootle north of the city within Sefton.
If you are getting a lodger are you able to stretch the budget?

Check out this 2 bedroom terraced house for sale on Rightmove

2 bedroom terraced house for sale in Hereford Road, Liverpool, L21 for £130,000. Marketed by James Kristian, Liverpool

https://www.rightmove.co.uk/properties/171201326#/&channel=RES_BUY

boundarysponge · 08/03/2026 23:02

I don’t think £130,000 is realistic for a decent area. I’ve looked at all the houses in that price range and none are in any areas that you would really recommend. In Liverpool there are lots of lovely areas but you definitely pay for the area (which can really change street to street) not the property. There are flats at that price in Southport and houses in Ormskirk. You would also get a better area for your money on the Wirral or parts of Widnes.

topcat2026 · 09/03/2026 14:02

Thanks, I’ll take a look into the areas suggested. I don’t mind if the area is a bit rough, just not too much. I’d like to buy here in my average part of Manchester but two bed terrace houses - often with no hallways and gardens - start from £210k, which is out of my price range.

The house would have to be ready to move into as I couldn’t afford any renovation. I think I need to consider being out of Liverpool.

@GandTtwice I believe you have to evidence your income to lenders so I don’t think a hypothetical lodger would be helpful for them (just my assumption)?

OP posts:
SwayingInTime · 09/03/2026 14:06

A broker is likely to be able to find you a longer term mortgage despite the actual content of your pension. We went with accord as husband was over 50 and they would extend the term despite having basically no pension.

MiddleAgedDread · 09/03/2026 15:03

casting your net a bit wider to suit your budget, I would have a look at Warrington.

ElizabethFryIsSpinning · 09/03/2026 15:11

Wavertree is good especially near the Asda it's got more restaurants popping up good public transport and a big sports centre although the house prices there might be going up.

redboxer321 · 09/03/2026 15:19

Have a look at retirement mortgages @topcat2026
They can take into account your state pension forecast, your current pay and your albeit 'shit' private pension. They are interest only but you can overpay if you want to reduce the amount owed. They get paid off when you sell or die.
Not for everybody but you might want a nicer place in a nicer area and have a mortgage on the property.
50 is minimum age and you don't have to be retired.
Just something to think about.

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