The housing market across the UK has been thrown into a state of uncertainty following the announcement of the Government’s mini-budget last month. the series of tax cuts announced as part of financial update it has been heavily criticized by some financial analysts and has raised fears that the Bank of England could be forced to raise interest rates further in a bid to stabilize the pound.
And the fallout has prompted many lenders to pull certain deals aimed at prospective home buyers off the market, leaving many people trying to get a foot on the property ladder with a loose end. With the housing market very up in the air right now, coupled with the pressure being put on household finances by the effects of the cost-of-living crisis, people may be revaluing exactly what they want and, more importantly, what they can pay for in their searches. to find your new home.
Fortunately, there are many very affordable properties on the market in Lancashire right now for you to consider. In fact, some are so cheap that they could present the ideal opportunity for those looking to avoid the current turmoil in the real estate market.
With this in mind, we have had an explorer in Rightmove.com for some of the most affordable properties available throughout the county. From mobile homes to part ownership schemes, houses under the hammer or those that simply need a sprinkling of TLC, here’s our top ten list of some of the properties available for up to £50,000 across Lancashire right now.
2, Gill Street, Burnley, Lancashire, BB12 0RB – guide price £5,000
A very affordable end townhouse, this two bedroom townhouse has a reception room, a kitchen, a bathroom and toilet, two bedrooms and a rear patio.
It is leased and located close to the north of Burnley city center with good motorway, road and rail connections. It is also within walking distance of the city center.
For sale for just £5000 with SPA (SellProp Auctions), it is being offered for sale at unconditional online auction. Bidding opens on October 20 at 9 am and closes on the same day at 1:15 pm. For more details, click here.
Hobart Street, Burnley, BB11 – £5,000 guide price
This three-bedroom, end-deck home requires modernization, according to Taylor James Auctions, which will put it up for auction Oct. 19 online via remote bidding.
It has a reception room, dining room and kitchen on the ground floor, while on the first floor there are three bedrooms and a bathroom / WC. It also has a backyard.
Anyone interested in participating in the auction online, through the company’s website with remote bidding, must register in advance no later than 8 am on auction day, which is October 19.
For more details, click here.
Reed Street, Burnley, BB11 – £5,000 guide price
This two-bedroom townhouse is also in need of some updating, according to auctioneers. However, they go on to claim that it offers a potential rental income of £6,600.
On the ground floor there is a reception room and a kitchen, while on the first floor there are two bedrooms and a bathroom/toilet. It also includes a backyard, and it’s close to the train stations.
Taylor James Auctions will sell it through an online auction on October 19, and this will be online with remote bidding through their website. Those interested must register in counseling no later than 8 am on the same day. For more details, click here.
New Road, Lytham St. Annes – guide price £50,000
Fleetwood-based Acquire agents describe this spacious two-bedroom flat in one of Lancashire’s most sought after seaside towns as an ‘excellent investment’. It has two double bedrooms, a large living/dining room, a large kitchen and a bathroom with a shower.
Fitted with double glazing throughout, the property is close to good bus and tram routes, and is also close to the seafront and the station. There is a garage in a separate block of the property.
Free of a chain henceforth, the property is “ideally located” close to good amenities at the nearby Stargate, including local shops, supermarkets, restaurants, and a variety of venues. In need of a minor cosmetic upgrade, the flat is the perfect opportunity for a first time buyer to step foot on the property ladder.
For more information, click here.
129 Nairne Street, Burnley, BB11 4PD – guide price £50,000
This two-bedroom townhouse is described as an “ideal renovation project.” It has two reception rooms and a kitchen on the ground floor.
On the first floor there are two bedrooms and a bathroom, while outside there is a rear garden. It is an average townhouse, which is on lease, with 877 years remaining.
Bids are being considered ahead of the auction, which will take place on October 13, online or in person at the Hard Rock Hotel at 2 pm For more details, click here.
Riverside Park, Lancaster Road, Morecambe, Lancaster, LA3 – Approximate Price – £50,000
This beautiful house in the park has two bedrooms and is located in a riverside location. It is connected to all the main services, and there are even a selection of pitches available.
It is situated in the heart of Morecambe, close to a host of friendly, traditional places and quaint towns, and just a ten minute drive from Lancaster city centre.
It is in a quiet and idyllic location, next to the River Lune and within easy reach of Heysham, Morecambe or Lancaster, offering a dream holiday home in a stunning location on Morecambe Bay. It is pet friendly and comes fully furnished. For more details, click here.
Glenfield Leisure Park, Smallwood Hey Road, Pilling, Lancashire – £20,000
This beautiful caravan has an open plan lounge with seating, fitted kitchen with integrated appliances, a separate dining room and a bathroom.
It also has a covered side area, parking and gardens. It is close to all local amenities and a fishing lake, and also has its own security gate and CCTV.
Pet friendly and Sell my Group real estate agents say viewing is essential. It’s on the market for £20,000 and for more details click here.
Rear of 72, Bond Street, Blackpool, FY4 1BW – reference price £20,000.
This spacious one bedroom apartment in blackpool offers living room, kitchen, bedroom, bathroom and community hall. It is located close to local shops and services, and within walking distance of Blackpool Pleasure Beach and other attractions.
Pattinson’s estate agents say it could offer a potential rental of up to £85 a week. Sold at an online auction, with applicable terms and conditions.
It is available for auction online for a guide price of £25,000. For more information, and for more information, click here.
Wyre Court, 71-73 West End Road, Morecambe, LA4 – offers over £22,000
This three-bedroom flat is described as being in a great location, with a shower room, a family bathroom, an eat-in kitchen, a security entry system and two balconies.
It is close to local services in Morecambe town centre, and close to the Morecambe seafront. Local transport links such as buses and the train station are close by.
It has an entrance hall, living room leading to a large kitchen and dining room, a family bathroom, three bedrooms, one with an en-suite shower room, two balconies and gas central heating. Selling for bids over £22,000 with Entwistle Green 25% co-owned. For more details, please click here.
114, SMith Street, Nelson, Lancashire BB9 9HJ – guide price £30,000
This two-bedroom, half-deck home is the ‘ideal family home’ or investment property, according to realtors Auction House North West. It is also described as “in need of modernization”.
The house consists of an entrance hall, with a living room, dining room and kitchen to reform. It also has two bedrooms on the first floor, as well as a bathroom.
At the rear is a patio and off street parking. It will be sold at an online auction on October 12 and 13. For more details, please click here.