The house which is significantly lower than the average house prices across the UK would, with the interior of the property only needing a lick of paint and would suit a professional or family
The cheapest house in the UK is currently has been valued at £4,000 – and there’s lots to love about it.
The two-bed house is mid-terraced, located in the village of Chopwell, near Newcastle is available for vacant possession. It’s set to be sold via online auction by BP Auctions, Birmingham with bidding closing on July 10. The house features a spacious living room, a kitchen leading to a backyard, a bathroom and two bedrooms.
The interior of the property could do with some updating with a lick of paint but other than that it would suit a professional or family, with the agent describing the house as an “excellent investment property.” The house also holds an energy performance rating of E.
In terms of location, the property is close to Northumbria University has three stations nearby and has proximity to the city centre where all the hustle and bustle is. There are also four schools with Ofsted reports ranging from being labelled good to outstanding for those with children.
According to the gov.uk, Average house prices in the 12 months to January 2024 decreased in England to £299,000, decreased in Wales to £213,000 and increased in Scotland to £190,000 (4.8%). So the house is in decent condition and is a bargain, you must be pre-registered to bid via BP Auctions’ website reports Luxury Property News. With viewing of the property only being available by appointment, there is an administration charge which comes to £1,400.
Meanwhile, Middlesbrough is the cheapest place to buy a home in England and Wales, according to the Government’s latest house price index. Homes in the TS1 postcode area, which covers the town’s centre, sold for an average of £69,157 each in the 12 months to the end of April. That’s less than any postcode area in the country with at least 50 sales over the last year. Grimsby is the next cheapest place in the country to buy a home.
Houses sold for £77,951 each on average in the DN31 postcode area. In SR1 – Sunderland city centre – the average home sold for £79,908. There were just 19 sales in the area though. In TS3 – Brambles Farm – the average home sold for £86,190, in BD1 – Bradford city centre – they sold for an average of £87,653, and in HU2 – Hull – they sold for an average of £87,955.
Areas with an average house price under £110,000
- TS2 (Middlehaven): £45,625 (only four sales recorded)
- TS1 (Middlesbrough Town Centre): £69,157
- DN31 (Grimsby): £77,951
- SR1 (Sunderland City Centre): £79,908 (only 19 sales recorded)
- TS3 (Brambles Farm): £86,190
- BD1 (Bradford city centre): £87,653
- HU2 (Hull): £87,955 (only 14 sales recorded)
- DL4 (Shildon): £91,737
- TS29 (Trimdon Station): £97,295
- CA24 (Moor Row): £97,650 (only 10 sales recorded)
- CF43 (Ferndale): £100,081
- BD3 (Barkerend): £100,546
- SR8 (Easington): £101,382
- DL17 (Ferryhill): £103,579
- TS24 (Hartlepool): £104,997
- NE17 (Chopwell): £106,622 (only 41 sales recorded)
- BB11 (Burnley): £108,078
- DN1 (Doncaster town centre): £108,885
- FY1 (Blackpool): £109,432
- HU3 (Hull): £109,588
- NP24 (New Tredegar): £109,677 (only 31 sales recorded)