House prices have gone up for the tenth consecutive month, with the average house price in the UK now at £269,914 according to Nationwide. But whilst it is becoming more and more difficult to find a reasonably priced home, auctions are usually one of the best ways to get you in with chance of bagging a bargain property.
Used by some estate agents, auctions often allow buyers to bid for a property online. Homes that go under the hammer are usually listed for a much lower price than what they would go for if they were put on the market.
These properties often vary in both size and condition, but most of the time they are doer-upper homes that need a bit of work. Nevertheless, buying a house on the cheap can give first-time buyers a way onto the property ladder, or homeowners could see it as a great investment opportunity if they plan to buy, do up, and then sell or let out later down the line.
Here are some of the latest homes set to go up for auction in Greater Manchester in the next month with prices starting at £55,000.
The majority are listed with a guide price which is an indication of a seller’s minimum expectation at auction and may not necessarily be the figure a property will sell for.
Longfield Road, Bolton
This terraced home is the cheapest property in the region that is set to go to auction this month. It sits two miles from Bolton town centre and is in close distance to the M61 motorway.
The two-bed terrace looks as though it needs a bit of work and some refurbishment, but estate agents say it benefits from UPVC double glazing, gas central heating and an enclosed rear yard.
Inside the home there is a kitchen and lounge on the ground floor, with two bedrooms and a bathroom upstairs.
The property will be sold via an online auction on June 22 with bidding beginning on June 21.
Thornwood Avenue, Manchester
A three-bed property is set to go under the hammer next month which has lots of potential for a first time buyer or family.
The terraced home in Gorton has been recently renovated and ready for the buyer to move straight in.
The property benefits from three floors of living space, with a newly fitted modern kitchen and open-plan living space on the ground floor.
On the second floor are three bedrooms and one bathroom, and up a second flight of stairs is a converted loft space, which estate agents say would be an ideal space for a home office. There is also a paved patio area to the rear.
This property will be sold at an online auction on June 15.
Wilmslow Avenue, Bolton
This semi-detached home in Bolton is set to go to auction this month and it could make a lovely family home.
The property currently has a large kitchen, lounge, dining room, three double bedrooms and a bathroom, but there is scope extend the home to acquire more space.
Situated in a cul de sac, the home is in close proximity to supermarkets, schools and Bolton town centre. It also beenfits from a driveway and a garage.
Estate agents say the property has a ‘realistic’ guide price. You can bid for this house when it goes to auction on June 15.
Ellbourne Road, Manchester
A semi-detached property in Crumpsall is going under the hammer later this month. Set in a popular location off Blackley New Road, the home has been extended to offer more living space.
The spacious three-bed property has a large extended kitchen, lounge and dining room on the ground floor, three bedrooms and a bathroom upstairs, and a garden to the rear.
The interior may need a little TLC, but it has the potential to be a great home for a growing family.
This property will go to auction on June 30.
Altcar Grove, Stockport
This three-bed home in Reddish is set to go up for auction this month and is a great opportunity for a buyer to make their own.
The semi-detached property requires modernising and updating but the foundations are there to create the perfect family home.
On the ground floor there is an entrance hall, kitchen and lounge whilst upstairs are three bedrooms and a bathroom.
The property is generously sized, situated in an ideal location and also boasts an impressive garden that wraps around the front, side and to the back.
Eskdale Avenue, Oldham
A six-bed home in Saddleworth will go under the hammer later this month, for a much cheaper price than it would on the market.
Situated in the centre of Greenfield, the semi-detached property is set across three floors. It is full of potential and can be moved into immediately or renovated to suit the buyer’s individual taste.
On the ground floor there is a spacious hallway, living room, and an open-plan kitchen and dining area. The first floor hosts five of the bedrooms as well as a family bathroom.
There is also a lower ground floor with a sixth bedroom as well as a utility room and bathroom.
Outside, the property boasts a large private rear garden with AN elevated patio area. To the front there is a large low maintenance garden with a driveway to the left.
Bids for this home start at £370,000.