Bargain homes that could be yours for just £20k
With the average cost of a house in England at around £240,000, perhaps it’s time to look at properties in Wales.
It might be possible to buy a house in the country for as little as £20,000 – the price of a brand new family car.
However, buyers can expect to shell out for renovation work and have to compromise on space, Wales Online reports.
Still, after some work, they could see the value of their bargain homes increase significantly.
Here are some of the cheapest homes available on the market:
What: Located on the side of a mountain overlooking the pretty Cynon Valley, this house is a residential village on the way to Aberdare.
It has one reception room, a kitchen and a bathroom on the ground floor, and two bedrooms and a bathroom on the first floor too.
How: The terrace is going under the hammer with Paul Fosh Auctions for a guide price of £20,000 on Thursday, February 7 at 5pm at The Park Inn Hotel, Llanedeyrn, Cardiff.
What: For the price of a brand new family car, it might be possible to purchase this house at the end of a terrace within walking distance of Swansea city centre.
It has an open-plan reception room and kitchen downstairs and two bedrooms and a family bathroom upstairs. But, as the auction guide price suggests, there are a few challenges to overcome.
It’s no surprise that it needs a clear-out and a complete refurbishment but it can only be bought by a cash buyer as it only has a lease of approximately 30 years.
But if you have the cash, including a budget to purchase or extend the lease, then this might be tidy investment.
How: The house goes to auction with Dawsons on Wednesday, February 27 at 3pm at the Marriott Hotel in Swansea Marina.
Near Narbeth: £29,000+
What: Firstly, there’s no guarantee that the redundant Horeb Chapel will sell for near its guide price, it could go for far more.
Secondly, if you do secure this cute Victorian chapel nestled in the Pembrokeshire countryside then there’s a mountain of work ahead that could turn into renovation hell, so reading the legal pack before you bid is a must.
According to the estate agent selling the chapel, there is evidence that bats have beaten you to it and are already living there. Plus there are currently five requests for future burials by former members of the chapel. And you have to help maintain the graveyard
But, if all the challenges are considered and tackled, this could be a unique future home in a pretty rural spot, surrounded by rolling Welsh countryside. It could be heaven.
How: Going under the hammer with R K Lucas & Son at Albany School Room, Hill Street, Haverfordwest on Thursday, February 7 at 3pm.
What: This auction property is a bit of a Tardis property as it’s hiding four bedrooms – wonder who will buy it?
The mid terrace is a typical looking valleys house, located on a road meandering up the Rhondda Fach valley. Inside, it is not a typical auction lot as it has a kitchen and bathroom that can both be salvaged and save you money.
However, judging by the photos, there might be work to be done to sort out a damp issue, or at the very least a lick of paint.
How: Bid for this at the next auction from Auction House South Wales, on Wednesday, February 13 at 7pm at the Village Hotel, Coryton, Cardiff
What: Want this one? You’ll have to be quick as the estate agent has already received an offer of £38,500 from another buyer and they want to see if anyone else out there wants to make an offer. But don’t panic buy because it’s a bargain…
The end of terrace house has two reception rooms and a kitchen downstairs and two bedrooms and a bathroom upstairs.
But it might be difficult to secure a mortgage as the kitchen seems to have disappeared, so getting advice is essential before you go shopping in this property January sale.
How: Give the estate agent Bidmead Cook, Brynmawr a call on 01495 313135 to find out more.
What: There’s a lot of house on offer with this Grade II listed town house, but it doesn’t include the ground floor shop.
If you buy this house you will literally be living over the shop, but you won’t own it, so there goes the dream of retiring to west Wales to run your own antiques shop.
However, this home does offer four bedrooms, two reception rooms and oodles of period features amassed through the decades – some you should save, some you should skip.
There is scope to potentially add value here, with an under-used attic space, the updating of all rooms and the rear garden is a decent size, so maybe an extension? It is listed, so a chat with the local council conservation officer is essential
How: Call estate agent Clee Tompkinson & Francis Llandovery on 01550 720440.
What: Only buyers with a serious amount of dosh in the bank can go for this one as it’s cash buyers only, suggesting that it is unmortgageable and in need of total renovation.
According to the estate agent selling the property, it will be a ‘builder’s delight’ so no novice DIYers need apply, or you could end up on the next series of BBC’s DIY SOS.
But it is a two bedroom semi-detached house in a popular location with a good sized garden, so start hunting down the back of your sofa for more cash to put towards the purchase price.
How: Call the Aberdare branch of estate agent Apex on 01685 883163 to find out more.
What: If you like bowling then this is the property for you; a former pub skittle alley. It might be a bit of an ugly duckling but if you bowl a wrecking ball at it, maybe then it becomes a potentially useful and profitable slice of development land.
It could remain as a storage unit, or be squashed and the site retained as commercial use, or be changed to a residential plot after successfully securing change of use with the local authority planning office
Whatever happens to the skittle alley, you’ll be bowled over to own a well located plot close to the town centre of this popular market town, but any future profit you might make from building a house here may be under threat.
The estate agent says there is an uplift clause attached to the lot, which means any money earned by developing the site will have to be shared with the current owner. Sharing is good, but not when it’s potential profit.
How: Contact Newland Rennie Abergavenny on 01873 859331 for further details
What: This is a big house for a small budget. Three bedrooms and three reception rooms are joined by a garden, a garage and also a large plot of land to the side of the detached home.
Of course, it needs updating and is not within easy commuting distance of Cardiff, Swansea or even Bridgend, but if it’s space and mountain views you’re after, then maybe that extra time in the car will be worth it.
Knock a few walls down, move the bathroom upstairs, convert the loft, enlarge the kitchen and open it out into the garden and it’s the best family house in the street, if not in the town. You just might need to double the budget for the renovation costs.
How: Contact Peter Alan Maesteg for further information on 01656 736136.
What: And if you want a house in Cardiff for under £50,000 it will have to be a house for your car, not for you.
This garage is on the market for £17,500.
How: Call Allen and Harris in Roath on 029 2046 4744
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