Tue, 19 Aug 2014 11:00:00 GMT
Homes that cost less than £25,000

A look at properties you can buy for £25,000 or less



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Are you an aspiring first-time buyer? Or a would-be property mogul looking for a cheap investment? While the average home may cost well over £150,000, there are some far cheaper properties on the market.

Of course, the cheapest homes are selling so low for a reason; most of them need a lot of work to make them liveable. But your DIY skills and redevelopment investment could add to the value of the property, letting you increase the value in a tough market.

So we’ve been taking a look at UK homes across the country priced at £25,000 or less.

Click on the image above to begin scrolling through the gallery...
 

209Comments
01/05/2012 13:12
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Would those people who do not own a home please stop complaining about those that do.

When my wife and I were young, we begged, stole and saved the deposit for ahouse. Neither of us earned a great deal of money but we prioritised what we spent it on and a house was top of the list.

We started in a two up two down and were extremely happy in it. We had to be as we had no money to go out or go on holiday.

As we got older, we improved but still made sacrafices in terms of our social life and our posessions (a car etc), in order to keep our house.

I lost my job once and we almost lost our house but again, by putting it at the top of our priority list (holidays were spent in caravans and tents not in Benidorm), we managed to hang on.

It is now all we have for our retirement and we have worked damned hard to get it and keep it so stop whinging and leave us house owners alone.

Oh by the way, I was not born with silver spoon in my mouth!

01/05/2012 16:41
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As a homeowner, I actually don't give a rat's whether prices go up or down. Unless you're planning on selling up and banking the money, it really doesn't matter. My house will still be the same bricks and mortar sitting on the same patch of land whether it doubles or halves in nominal value. Yeah, if it doubles in value I'll be richer on paper, but I won't actually be any better off materially as I'll still be living there and it will still be exactly the same house it is now. I'm not planning on selling anytime in the foreseeable future, but even if I do, the house I'm moving to will be subject to the same trend as mine. If prices go up, I'll get more for my house but the one I'm buying willl be more expensive; if they go down, I'll get less for my house but the one I'm buying will be cheaper. Swings and roundabouts.
08/05/2012 16:42
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There are over 35,000 non EU and non British families on a priority waiting list (Ahead of British nationals) for housing in Newham alone. They are priorities because they have 23 children and no possible job opportunities but can't return home because of their yooman rights.
07/05/2012 16:51
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The increase in house prices over the years has been a con. It was deliberately induced so that councils could increase their council tax - lets face it, my first house cost £3200 to buy in 1969. It's still the same house on the same bit of land, but now the present owner is paying over £1000p.a. in council tax. No way would I have paid that much in 1969!  So, the house is supposed to be worth £185,000 now, but would that have increased my wealth had I still been living there? - not a jot! When I die, inheritance tax will take a large proportion of my dependants inheritance, so who benefits? - the councils whilst I'm alive and the government when I'm dead. End of story!
01/05/2012 16:59
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when we need affordable housing, i don't understand how councils can let houses and in some cases whole streets be left, surely  it would be cheaper to spend a bit of money making these houses liveable, and get some rent in return, it would give jobs to some, and homes to others, its got to be cheaper than private renting, that we are paying out of benefits. lets invest in OUR country,
04/05/2012 12:30
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Does anyone fall for all this propoganda about property prices increasing.

The truth is that very few sales are taking place.

 In any other market, if you are selling goods which are expensive,and are not selling, then you actually reduce the price,  I am sure many who have had their properties on the market recently with no results, will have actually reduced their prices in order to sell, so how can prices be going up

. Perhaps through the cost of living, but that is to be expected.

Their is talk of building on greenfield sites which will also reduce the price of property as more cheaper land becomes available.

I will now tell you the reason why we are bombarded with all this BS.

Zoopla are going to be used for tax purposes by local councils, that is why it has been set up.

 It is beneficial for these councils to see huge rises in prices, so that we will all be taxed more,  if we cannot afford to pay the increases THEY WILL BE  set aside until we die.

Then the councils will grab the property, or force those who inherit that property to rent it to the relevent council.

 This  saves a lot of local council and Government expense.

  Note how others are already brainwashed into parting with their money on the belief that they can buy property and rent it out, thus doing these councils and Brussels a huge favour.

 What they are doing is increasing the Rental Market . And where they are hoping for a huge profit through an increase in the value of the properties they are buying, this will not happen as they are steadily destroying that very market through their own greed, and they will not be able to sell. Then they have a 40% tax bill to pay on top.

Banks have been authorised to encourage this BUY TO LET  policy, and so pay  small interest rates to savers who then are brainwashed BY THE MEDIA  into a dodgy speculatory venture.

We are now a becoming a nation of property developers, and those cheaper houses would have been bought by first time buyers in the past. GREAT, --KILL THE MARKET STONE DEAD.

I have prophecised that this country will be based on a rental market for the past 21 years, and those around me know my views. Europe is mostly a rental market, and the selling of property does not fall in line with their ideas. So I have watched it closely over time.

A fortnight ago, a Bank of England person stated that this is indeed the case, and that was published in the Telegraph.

 I read it on the internet, the same day I was telling a half believing relation.

SO NOW YOU KNOW WHAT IS ABOUT TO TAKE PLACE, I SUGGEST YOU DO YOUR BIT, FOR SELF PROTECTION.

THIS IS ALL BEING PUSHED THROUGH BY BRUSSELS, AND OUR 'SO CALLED GOVERNMENTS' ARE ALLOWING THIS TO TAKE PLACE.

YOU WILL ALSO NOTE THAT THE GOVERNMENT NO LONGER MAKE THE RULES AND LAWS.  AND PARLIAMENT IS  IN FACT OBSOLETE. THEY ARE JUST BIDING THERE TIME FOR THE EVENTUAL TAKE OVER, AND TOTAL CONTROL, BY BRUSSELS.

WAKE UP AND SMELL THE COFFEE, AND GET OUT OF EUROPE, OR LOOSE ALL YOU HAVE WORKED VERY HARD TO OBTAIN.

UKIP is now looking much more attractive than the 3 parties who are prepared to sacrifice all of our own personal hard work, and hurdle jumping, which has allowed us to struggle along in order to make our home our very own.

 I like this idea, and do not wish to stand by, while some upstart politician, decides to relieve my family of it, while feathering their own nest with salaries that look more like Lottery wins to us mere mortals. ENOUGH IS ENOUGH.

Perhaps Zoopla will will put forward their views on why I am wrong.

It should be a laugh, at the very least, and I for one will not be bullied, or pleased into believing that my property has increased in value and take on an  'I am all right Jack' attitude  just because they feed me with all this BS-Propaganda.

01/05/2012 22:32
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Another pointless story.
Property developers will buy them on the cheap then build high turning them into overpriced rentals as usual.
They were probably social housing homes at one point ripped from the hands of the needy into the hands of the greedy.

08/05/2012 16:39
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I love how the right to buy your council home for the English back in the 80's is being panned here. If someone had of told Thatcher that in 20 odd years there will be a Labour government that will invite 10m unskilled migrants and refugee's into the country between 1996 and 2012 that will all need housing she may have thought differently. She would probably have had a heart attack.

01/05/2012 11:31
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But why is it only £25k? Estate agents arn't idiots, if it is that cheap then there will be a reason. Anything from high crime, derelict with structural problems to coastal erosion. All of these things could make the property difficult and in some cases impossible to sell on at a later date, or could mean that the amount of money you have to spend on the property is so high as to make the investment not worth it.
01/05/2012 13:38
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I want to know why its always houses in the North, Wales, Scotland and the like that are shown to be run down.

 

There are plenty of houses in the South and London (not the London everyone thinks is London as in Westminster, Chelsea etc) that are falling down and need doing up, looking no unlike those pictured. Unfortunately, the price doesn't match the photos in the South.

 

£25,000 elsewhere and £250,000 (if you're lucky) around the London area.

And no, we're not all in work earning thousands either. You're thinking of the Councillors etc.

 

I say, Stop all the Buy to Rent) which is basically Estate Agents buying, doing them up and selling them on for rent or renting them out themselves.

Our local Estate Agent has ruined our street doing this sort of thing.

 

I own my house, after 40 years hard work and iiving fairly frugally, only to now be out of work and living off money we managed to save over the years.

I sometimes think why did we bother and not have a good time when we could!

08/05/2012 14:43
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Number of sales falling but prices not dropping? Why's that? Answer because the Banks who own the mortgages aren't going to let the notional value drop because the value of those loans are the basis of their balance sheets. What bank is going to say, "yes we're only worth half what we were a year ago"? How would that impact their share price and their future business prospects? Thats why the unsold for 9 months house on your street hasn't steadily dropped to a price where someone can afford it. The value of the house supports the value of the loan which supports the value of the bank.
01/05/2012 11:22
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A cheap house that wants money spending on it, in good  area,is far better value than a good house in a bad area.

01/05/2012 16:22
07/05/2012 08:35
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Unemployment is rising, wages (in real terms) are falling, most mortgage lenders require 20% deposit for 1st time buyers (when they are lending - and it's back to the old safer multiples of wages) - How can house prices possibly increase ? ? ??  (other than a few isolated areas of high demand)

 

01/05/2012 10:47
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do they take us all for idiots!!       they show you the headline price for 2 or 3 houses, then surprise, surprise: you then have to trawl through numerous agents and of course there's no chance of picking property up at these prices. I recently bid £32k for a house in an extremely deprived area of liverpool. they accepted the bid, then 2 weeks down the line the agent rings informing me there are 2 higher bids, effectively creating an auction. 
So.  Beware all you budding property entrepenaurs!!!
01/05/2012 12:28
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31 of 31 (This two-bedroom middle-terrace property in a popular residential location.)

Looks popular to me with derelict properties each side and weeds growing out of unused pavements!

07/05/2012 15:45
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It doesnt say where some of these propertys are, so I am guessing they are not in sought after areas - certainly wouldnt get house prices that cheap in my area - couldnt even buy a  garage!
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All these "houses" are in high unemployment run down areas, of course they are so called cheap. They are not worth a £1000 let alone £20,000. Pull them all down and those around them and start again to rejuvenate the area and ensure the prices are kept to a minimum.
Keep the builders like Whimpey away, they only build cheap and sell expensive
01/05/2012 21:35
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A bit of fixing up isn't the half of it. Some of those properties need knocking down and rebuilding, it'd probably be cheaper that restoring or renovating.
01/05/2012 11:35
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Yeh all fair an well if all you have to aspire to in life is living in the slums of Manchester.... errr No Thanks!
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