Buying a property is particularly difficult for first-time buyers and low-income households in the current climate. With the cost-of-living crisis causing both mortgage rates and home prices to rise, it’s no wonder many people can’t jump on the property ladder.
The average house price in Greater Manchester as of March 2023 is now £257,437 according to Rightmove, but luckily there are some parts of the region where houses are much more affordable.
If you’re looking for a house that costs much less than the average house price, the best areas to look are the boroughs of Bolton, Rochdale, Oldham and Wigan, where houses are generally much cheaper to buy.
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Here we’ve listed the most affordable houses on the market in Greater Manchester right now, with prices starting from just £60,000. Most of these houses are fine houses that, with a little TLC, could be made into lovely homes.
Some of these properties are ready to go up for auction, so you’ll need to be quick if you want a chance at one.
Palm Street, Bolton
One of the cheapest houses up for grabs right now is in the Astley Bridge area of Bolton. The one-bedroom house is on the market with a reference price of £60,000 and will go up for auction on April 27.
The stone built terrace is situated at the end of Palm Street and is close to Bolton town centre. Inside, the property is spread over three floors and is made up of a kitchen in the basement, a living room on the second floor and a spacious bedroom with bathroom on the upper floor.
The house will need some sprucing up, however it has a host of original features throughout including exposed stone walls and a traditional fireplace. Estate agents say it is an ideal property for first-time buyers or buy-to-let investors as it does not benefit from any chains.
You can get more information about the online auction through the Zoopla listing.
York Street, Rochdale
In Rochdale, there is a two-bedroom property on the market with a guide price of £70,000. The townhouse is located close to Heywood town center with many local amenities close by.
The house has been extended and is therefore more spacious than a typical townhouse. Inside it has two double bedrooms, a family bathroom, a lounge, an eat-in kitchen and a utility room. There is also a garden area to the rear.
The property is in fairly reasonable condition and could do with a major renovation project.
The property will go on sale through Pearson Ferrier Auctions beginning May 16. Bidding will be placed on the Pearson Ferrier website and you can register to bid here.
Scot Lane, Wigan
In Wigan, which is the district with the cheapest average house price, there is a three-bedroom house for sale with a guide price of £80,000.
The mid-terrace home is being advertised as a ‘fantastic investment opportunity’ and is being offered for sale to cash only buyers at a traditional style auction.
Inside, the property has an entrance hall, lounge, kitchen diner, ground floor bathroom and three bedrooms on the first floor. There is also a garden to the rear, as well as a detached garage.
The house is in reasonably good condition but could do with updating to put its own stamp on it.
Argyle Street, Wigan
Also for sale in Wigan, near Hindley town centre, is a three-bedroom terrace which is on the market with offers in excess of £90,000.
Estate agents say this property is a ‘great option’ for first-time buyers with the benefit of being chain-free. The house has been recently renovated with a new kitchen and new carpet to be installed soon.
The house has an entrance hall, a modern kitchen-diner, a living room, a bathroom on the ground floor and three bedrooms on the upper floor. There is also a rear garden which is ‘easy to maintain’.
Estate Agents Say: “Showings are a must and this is a great option for first time buyers looking to get on the property ladder.”
McDonna Street, Bolton
In the Halliwell area of Bolton there is a two-bedroom house for sale with a guide price of £95,000. The mid terrace property will be sold via online auction as an ideal purchase for first time buyers or investors.
The property does not benefit from any chain, which often means the sale can be completed faster. Inside it has a living room, kitchen, two double bedrooms, a modern en-suite bathroom and a backyard.
The house could be considered ready to move into due to its modern fitted kitchen and bathroom which are in good condition.
You can read more about the auction of this property here.
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