It’s no secret that you can often get more home for your money in the North East than in other parts of the UK.
The average home in our region costs £181,420, around a third of what you’d be expected to pay in London where the average price is over £480,000, according to figures released by Rightmove this week.
But for young or first-time buyers getting on the property ladder can still be a struggle, especially with many mortgages needed a 10% deposit.
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We’ve taken a look of five of the cheapest homes on sale in the North East right now (as of August 19), and you may be surprised at how little they cost.
One bedroom flat, Hartington Road, Stockton: Offers over £25,000
This one bedroom flat is on the market for less than some second-hand cars.
Described as an “excellent investment opportunity” and open to cash buyers only this home is located close to the town centre and train stations.
One bedroom flat, Cramlington Terrace, Blyth: £25,000
Only recently added to Zoopla this is another property described as an “ideal investment opportunity” as there may be some work needed to get it into a habitable condition.
The property is located in the Newsham area of Blyth, so could be ideal for commuters once the new Ashington-Blyth-Newcastle rail link opens in the next couple of years.
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Studio flat, St Johns Green, North Shields: Offers over £29,000
This studio flat is located in the North Tyneside town of North Shields.
It is a one bedroom studio flat situated on the ground floor and available with no forward chain. This may be another ideal investment opportunity as it will be sold with a tenant in situ.
Two bedroom flat, Park Road, Stanley: £29,500
Described as “ideally positioned” due to its close proximity to local shops and bus links, this two bedroom flat in Stanley is on the market for less than £30,000.
This first floor flat has a landing, lounge area, kitchen, bathroom, two bedrooms and access to attic space for storage. It is also the cheapest two bedroom property on sale in the region right now.
One bedroom flat, Collingwood Court, Washington: £29,950 guide price
Also coming at a guide price under £30,000 is this “beautifully presented” one bedroom flat in Washington. This property could be ideal for a first-time buyer, down-sizer or investor.
The flat briefly comprises of: An entrance lobby, fitted modern kitchen with built in oven, a large living room, a master double bedroom, a balcony to the front and rear aspect of the property and a modern bathroom with showering facilities.
Based on the pictures of the property, it could be ready to move into with less work than others on our list.
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