Bargain-basement homes for buyers with time and energy
THE property market is red hot at the moment, with prices for most houses coming at a bigger premium than you may have seen years ago for buyers.
It means people looking to take their first step onto the property ladder are looking at significantly higher prices as of late, with many being forced to put their plans on hold and save for a little bit longer to get the house of their dreams.
But as long as you don’t mind a bit of hard work and putting a bit of investment in, there are some bargain homes to be purchased around Wales at the moment.
Ranging from £20,000 to £50,000, we have found some houses to buy at rock-bottom prices.
So if your budget is limited and you fancy taking on a bit of a project and putting a bit of TLC into a property, these opportunities may be exactly what you’re looking for.
Ty’r Felin Street, Mountain Ash – £40,000
This is a three-bedroom terrace property that is in need of modernisation, but is said by estate agents Peter Alan to have the makings of a “great family home”.
It comprises an entrance hallway, lounge, dining-room, kitchen and utility room, while the first floor has three good-size bedrooms and family bathroom.
On the market with Peter Alan.
Brook Place, Pentre, Rhondda, Cynon Taf – £45,000
This one-bedroom home is an endterrace property in a desirable location, and is described as the “perfect investment opportunity”.
It benefits from “spectacular views” of St Peter’s Church and the surrounding valley, and is regarded as a renovation project, with the potential to be extended.
The ground floor comprises an open-plan lounge and kitchen area, with a bathroom and utility space to the rear; a traditional cottage-style staircase leads to the upper floor, which has been stripped back to the original stonework.
Outside, a large concreted space could be used for parking or converted into a garage.
On the market with South Wales Property Investors and Lettings
Thomas Street, Tredegar – £40,000
This is a mid-terrace property situated in New Tredegar.
The accommodation briefly compromises a living/dining-room and a fitted kitchen and family bathroom at ground-floor level, and to the first floor are two bedrooms. It has double glazing, gas central heating and a rear garden. It would suit a first-time buyer, estate agent Peter Alan says.
Tai Newyddion, Llandegla, Wrexham – £50,000
This is an end-of-terrace “character cottage” which comes with full detailed planning permission to restore, convert and extend into a three-bedroom house. It offers stunning panoramic views of the Horseshoe Pass.
On the market with Beresford Adams
74 Meadowbank, Hollywell – £20,000 Coming in at the cheapest on the list is this property in Meadowbank, Hollywell,
which is going up for public auction with Taylor James Auctions.
It is a three-bedroom semidetached house which benefits from front and rear gardens, and off-street parking, but requires modernisation.
Brick Street, Glyncorrwg, Port Talbot – £40,000
This two-bedroom mid-terrace house is situated in the rural location of Glyncorrwg surrounded by picturesque scenery with mountain walks and mountain bike trails nearby.
On the market with Pattinson.