Finding Cheap Property For Sale UK
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It’s the thing that everybody wants to be made easier – the golden goose – finding cheap property for sale in the UK. Usually, the easier it is to find a cheap property, the less lucrative the ROI.
There are literally hundreds of property search websites covering the whole of the UK, and although many cheap UK properties are not advertised for sale, there are steps you can take if you stumble across a property you are interested in, such as a derelict property for sale or even some potentially cheap land for sale.
Talk to locals, make inquiries and try to gain a foothold if you see a property that catches your eye. The best areas in the UK to look for cheaper properties are rural and countryside areas, such as parts of Northern England, Wales, and Scotland. Derelict properties can be bought for cheap at auction, and they can be renovated to save money. You could also buy a cheap UK property that was sold at auction.
In this article, we will detail some of the best ways to find cheap property for sale in the UK.
Find cheap property for sale
We scour the internet so you don’t have to, looking for derelict property, renovation properties, old barns, farmhouses, windmills, decommissioned churches, etc.
Find cheap properties for saleWebsites to help you find cheap property
With so many property listing websites around these days, this is one of the more obvious routes to take when seeking cheap property for sale. But because it’s the obvious choice, you will face lots of competition.
UK Property for sale under £10k
Here is a handy predefined Zoopla search to find UK property for sale under £10k.
It will take a little manual work to filter through the suitable listings that may include blocks of garages, flats, or land for sale, but you will definitely find some potential investment opportunities and renovation properties for sale.
At the time of writing, there is a 3 bedroom semi-detached house for sale in Telford, Shropshire, England.
Property Auctions
Property auctions are another fantastic way to discover investment opportunities, but a word of caution, always be sure to read the auction legal packs, and view the property before bidding on an auction, especially if you’re not too experienced in property renovation.
Zoopla gives us the ability to filter their search listings and find auction properties for sale. Zoopla search for auction properties under £10k
At the time of writing (March 2022) manually searching through the results leads me to find the following auction property with a guide price of £5000.
A Vacant Freehold Fire Damaged Mid Terraced Property
A mid-terraced property standing behind a front garden.
- Tenure: Freehold
- Location: Middlesborough
- Ground Floor: Reception Room, Kitchen (no fittings), Bathroom (no fittings).
- First Floor: Landing, Three Bedrooms.
- Outside: Garden.
- Notes: Property in need of refurbishment
Rural Properties For Sale
Finding rural property for sale can prove a little more difficult, as these sorts of properties don’t tend to get advertised on property listing websites. This is when the manual work comes in, and this is why it can prove to be one of the more lucrative investment opportunities.
One of the best ways to find rural property is to visit the area they are interested in and drive around looking for abandoned properties.
Try to stay away from areas that have become too popular as far as the property market is concerned, as this will obviously have an impact on potential ROI (return on investment).
Abandoned Property For Sale
Finding abandoned properties for sale can be a little easier than finding rural properties, mainly due to the aesthetic appearance of the property as the land is left to its own devices.
Gardens will show signs of neglect, with plants like ivy creeping and growing where it shouldn’t, the lawn being longer than it should be, and general wear and tear showing signs of dilapidation on abandoned properties, usually giving visual indications that such a property may be available for sale (at the right price).
Seeking ownership of the property can be a challenge, though. The easiest and quickest way is probably going to be to introduce yourself to the locals and ask some questions about the property you are interested in buying.
In most cases, locals are happy to point you in the direction of the owner (if they have such information), mainly because nobody likes to have abandoned properties in their community due to anti-social behaviour like vandalism, arson, squatting, etc., which can lead to increased home insurance premiums and can even impact the price of a property in the local area.
Derelict Property
Derelict properties for sale are frequently listed in a variety of ways, depending on the estate agent or website that you visit. For instance, some may be listed as plots for sale, others as houses for sale (yes, even derelict ones), and others as development opportunities.
Purchasing derelict or renovated property in the UK is usually straightforward, but you should check local planning laws and any required permissions based on your circumstances. This is especially true if you intend to convert a derelict property, such as a barn or church, into a dwelling house or for-sale property.