Hidden hotspots for affordable homes

28-Oct-2005

The UK boasts a surprising number of affordable housing opportunities, you just need to know where to look for them, says a new report.

Click here to see what properties are on the market in your area – whether you buy alone or with others

Aspiring homeowners should widen their property search to include alternative routes, according to the Times Online, taking regional hotspots and new concepts into account.

Hampshire offers house hunters the chance to own their very own beach hut, for just £19,500, while houseboats are available at a number of locations for those willing to pay residential mooring fees.

Static caravans, trailers and park homes have increased in popularity, with prices starting from a couple of hundred pounds, and now provide added extras such as central heating and fitted kitchens.

Click here to find out about the finances of borrowing with friends, i.e. to find out how much you can borrow together and what it will cost you

Victorian terraced houses can be found at low prices in cities such as Newcastle and Sheffield, while parts of the Welsh Valleys and rural Scotland offer spacious but inexpensive properties.

First time buyers can also pick up a bargain at auction, although prior research and background knowledge of the process is advised, with a recent increase in repossessions helping to boost the list of properties up for sale.

For aspiring homeowners happy to move anywhere in England, a recent survey found that Stoke-on-Trent, Blackburn, Hartlepool and north-east Lincolnshire were among the cheapest regions.

To find out how to get onto the property ladder by buying to let somewhere else click here

To find out what you can borrow, even if you are in an adverse credit situation click here

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