What property to buy for £100,000

With the average price of a residential property hitting a staggering £282,000 last year, House Buyer Bureau has investigated the current market to see what £100,000 could buy up and down the country.

The average UK house price was last at £100,000 in 2000, as recent as 1990 it was just 60,000, in 1980 £24,000 and in 1970 just £5,000.

But over 46,000 houses and flats are currently on the market for under £100,000 across Britain.

From a four-bedroom house boat on the River Thames, 44 acres of land in Scotland and a seven-bedroom maisonette in Glasgow to a parking space in South Kensington, take a look at 11 examples of properties up for sale around the UK (listings and prices correct as of June 2016).

 

1            Car parking space, Kensington, London (SW7) – £100,000

London Car Parking Space SW7

Image credit: Zoopla

A rare find in this part of London, it’s little surprise that owning a parking space can cost £100,000. But this is no ordinary parking space. The bays can be made-to-measure according to the size of car you have and additional facilities include 24-hour CCTV, security patrols, valet parking, vehicle management and a chauffeurs’ lounge.

2            Four-bedroom houseboat, Hayes, London (UB2) – £89,950

Instead of a parking space, the same money could buy you a four-bedroom houseboat and leave you with more than £10,000 of change.

For those looking for a buy-to-let purchase, this could be a far more affordable option than a London flat or house, and can bring in over £20,000 a year in rent.

3            One-bedroom flat, Manchester (M16) – £110,000

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Image credit: Zoopla

Just over the £100,000 mark, buyers can take their first step onto the property ladder with this new one-bedroom flat in Manchester. As a new build, this will also mean first-time buyers would be eligible to benefit from the Help To Buy scheme and need as little as £5,200 as a deposit.

 

4            Six-bedroom terraced house, Blackpool (FY1) – £87,000

For those that would feel a little cramped in a one-bedroom flat, a six-bedroom house located in the seaside resort of Blackpool might provide the perfect alternative. In need of some updating, this type of property can provide a great investment opportunity for someone who has dreamed of opening their own seaside B&B.

5            2-bedroom cottage terrace, Woolacombe (EX34) – £95,000

Image credit: Zoopla

If escaping to the country on a budget is what you’re looking for, then this two-bedroom, stone-built character cottage may fit the bill.

Located just a mile away from Woolacombe’s picturesque beach and North Devon’s heritage coast, this rural location has everything.

 

6            Over 44 acres of Scottish countryside – £100,000

1b

Image credit: Bidwells/UK Land & Farms

If land is what you’re looking for, then this could be the most land you can expect to get for your money. These 44 acres of central Scotland countryside are on sale for £100,000.

 

7           Former Church with planning permission for five-bedroom house, Perth (PH2), Scotland – £90,000

Complete with original stained glass windows and planning permission to convert into a three-storey five-bedroom house, the converted church would also boast panoramic countryside views and 0.2 acres of grounds.

 

8            Two-bedroom Norwegian log cabin, Isle of Lewis (HS2) – £110,000

Slightly over the £100,000 mark again, this spectacular two-bedroom detached log cabin boasts sea views, three acres of land and a track road leading straight to the coast.

 

9            Eight-bedroom terraced house, Stockton-on-Tees (TS18) – £100,000

8 Bedroom Property

Image credit: Hunters

If it’s the most bedrooms for your money you’re looking for, this terraced house converted to support eight studio bedsits should fit the bill.

 

10          Two-bedroom townhouse, West Bromwich (B68) – £99,950

Although plots of land, conversions and restoration projects may be readily available for under £100,000, there are also plenty of beautifully presented and ready to move into homes on the market.

One great example is this period townhouse in West Bromwich complete with two double bedrooms, two reception rooms and its own cellar.

 

11          0ne-bedroom apartment in Taymouth Castle (PH15) – £90,000

If you want to know what the average house price is across some of the biggest cities across Britain when compared with the average salaries in those areas, take a look at House Buyer Bureau’s table compiled using Office for National Statistics (ONS) and Rightmove data below:

City Average House Price Average Annual Salary House Price / Salary
London £657,149 £40,305 16.30
UK AVERAGE £282,000 £26,500 10.64
Bristol £257,806 £27,986 9.21
Edinburgh £238,036 £30,831 7.72
Cardiff £205,653 £25,594 8.04
Newcastle-upon-Tyne £190,871 £26,065 7.32
Leeds £181,128 £24,841 7.29
Sheffield £171,323 £23,566 7.27
Birmingham £167,456 £27,553 6.08
Manchester £162,532 £25,733 6.32
Glasgow £155,313 £27,884 5.57
Liverpool £146,579 £24,233 6.05
Bradford £117,452 £24,841 4.73
Hull £111,264 £23,020 4.83
ENGLAND £294,575 £28,109 10.48
WALES £169,768 £23,304 7.28
SCOTLAND £179,005 £26,413 6.78

 

If you’re thinking of selling your property, why not enter your postcode on the House Buyer Bureau homepage for an instant online cash offer for your property.