Any first-time buyer who is looking to purchase their first home at the moment may be put off by high house prices and soaring mortgage rates. But one of the best ways to get your foot on the property ladder is through buying a doer-upper home.
These properties can often be bought for a much more affordable price than the average home, and although they need a bit of time and money spent on them to renovate, you’ll likely reap the benefits when it comes to selling later down the line.
Those in search of an inexpensive property in Greater Manchester can often find them in the cheaper boroughs such as Wigan, Bolton and Oldham. The cheapest house that’s up for grabs on the market at the moment is in Ince, a town in Wigan, which had an overall average price of £148,600 over the last year.
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This two-bed terrace house is listed for sale on Zoopla at a bargain price of just £65,000. Although it’s in need of a full renovation, estate agents say that once renovated it will ‘make a great starter home’.
If you can look past the photos of peeling walls, the property oozes heaps of potential as a project for a first-time buyer to get stuck into and put their own stamp on. As well as its cheap price tag, it benefits from having an open-plan kitchen diner, a rear garden – and it is being sold with no chain which usually makes for a much quicker, stress-free purchase.
Inside on the ground floor there is an entrance hall with access to the lounge with a fireplace, as well as a kitchen dining room fitted with wall and base units, cupboards and drawers with work tops, a stainless steel sink unit and an archway leading into the utility room.
Upstairs off the landing there are two double bedrooms as well as a family bathroom with both a shower and bath. A rear door from the kitchen leads out into the garden which is enclosed with a brick wall for privacy.
Found on Derby Street, the home is less than a mile away from Ince train station with access to Wigan, Salford, Manchester, Rochdale and Leeds for those looking to commute. For those with children, it is also just over half a mile away from St Mary’s CofE Primary School.
Wigan-based estate agents Borron Shaw say: “We are pleased to bring this two bedroom terraced house to the market for sale. This would be an ideal option for investors or first time buyers looking to renovate a property. It comprises of an entrance vestibule, lounge, kitchen/diner, utility room, landing, two bedrooms and a bathroom.
“Externally it is pavement fronted with a rear yard. Once renovated this house would make a great starter home or rental property. It is ideally located within walking distance to Ince Centre with various shops etc.”
Would you like to feature your home renovations in our Where I Live series? If so, please email phoebe.jobling@reachplc.com.
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