House prices are at an all-time high, and coupled with the cost of living crisis, now is an increasingly difficult time to buy. First-time buyers looking to get on the property ladder are now facing an even bigger challenge as demand continues to outweigh supply, meaning that any homes that do become available are being snapped up quickly.
However, the good news for house hunters is that there are some bargain homes on the market in Greater Manchester at the moment, with at least one property in each borough selling for much less than the region’s average house price of £244,236.
With prices ranging from as low as £47,500 to £170,000, the majority of these cheap homes need some time, effort and money putting into refurbishing them – but they promise to be someone’s ideal home once complete. Some of these properties are being sold via an online auction, so you’ll have to act fast if you want to snap one of them up.
The cheapest home up for grabs in the region at the moment is a terraced home in Bolton, listed for £47,500. Found in the popular residential area of Halliwell, the two-bed property is being sold in a presentable condition with little work to no work needed to be done before moving in.
Described by estate agents as a ‘fantastic opportunity’ to get onto the property ladder, the home has an open lounge and dining room, a fitted kitchen, two double bedrooms and a three piece shower room. There is also the added bonus of off-road parking, a low maintenance garden to the front of the property and a small paved yard at the rear.
This terraced house is the cheapest home for sale in Bury at the moment, with a guide price of £75,000. The property is in a central location near to the town centre, which boasts Bury Market and The Rock shopping centre, with Bury station and Bury tram stop less than a mile away.
Inside it has a kitchen, living room, two bedrooms and one bathroom, with a sizeable garden at the back. Estate agents have described it as ‘well proportioned throughout’.
As the home is in need of a ‘full refurbishment’, it would be most ideal for an investor looking to buy-to-let or a first-time buyer wanting to take on a complete renovation project. You can bid for this property via an online auction on June 15.
The cheapest home on the market in the city of Manchester is a terraced house in Moston. On the market with a guide price of £80,000, the two-bed property is ‘larger than the average terrace property’ having been extended downstairs.
The home has an open-plan lounge, dining area and separate kitchen on the ground floor with two bedrooms upstairs, one with an en-suite. There is also an enclosed garden to the rear.
It is located close to Moston Lane with great transport links into Manchester city centre.
In Oldham, the cheapest property currently available is a terraced home that is up for sale for £50,000. Ideally suited to those ‘looking to downsize’, this one-bed property in the Waterhead area of Oldham is in need of renovating but has great potential for a lovely home.
Inside there is a living room and kitchen on the ground floor and a bedroom and bathroom on the first floor, with a car park and a private garden outdoors.
It is conveniently located in close proximity to Lees village and Oldham town centre. This property is available for 50% shared ownership, but there is the option to purchase 100% of the home.
With a guide price of £60,000, this flat is the cheapest property currently for sale in the Rochdale borough. The two-bed first-floor maisonette is currently vacant and in need of some TLC but would be an ideal opportunity for the right buyer.
It has a kitchen, two good sized double bedrooms, a spacious lounge and bathroom with street parking available opposite. The home is within walking distance of Rochdale town centre, close to local amenities and good transport links.
It is currently up for auction with buyers able to bid now.
This two-bed terrace is the most affordable home in Salford at the moment, but its price of £160,000 means it is much more expensive than homes in other boroughs on the list. Estate agents have described it as the ‘perfect first home’ or potential investment, as it is well-presented and needs little work before moving in.
The property comes complete with an entrance hall, open-plan living and dining room and a modern fitted kitchen. On the first floor there are two double bedrooms and a bathroom. Outside there is an enclosed courtyard to the rear that benefits from the sun for most of the day.
In the Stockport, the cheapest home currently on the market is a terraced house listed for £90,000. Although it is in need of refurbishing, the two-bed property presents a great opportunity for any buyer to put their own stamp on it.
The house is made up of a lounge, dining room and kitchen on the ground floor, with a landing upstairs leading to two bedrooms and a bathroom.
To the front of the property there is a small patio area with an enclosed courtyard to the rear. This home is available to cash buyers only and benefits from no chain.
With a guide price of £65,000, this home is currently Tameside’s cheapest property. Situated in the market town of Ashton-under-Lyne, the one-bed terrace home is described by estate agents as the ‘perfect’ buy-to-let property.
The home comprises of a lounge, kitchen, one bedroom and a bathroom and is said to be located within walking distance of the town centre. Interested buyers can bid for this property when it goes to auction on July 5.
However, you do get quite a bit for your money, as this property sits at the end of a row of terraces and boasts three bedrooms. The home, which is located in the town of Partington, has been owned by the same family for more than 50 years and is an ideal family house.
Inside there is an entrance hall, spacious living room, dining room and a fitted kitchen. To the first floor, there are three spacious bedrooms and a tiled bathroom.
Outside the home benefits from a gated driveway, a detached garage and a south-facing landscaped garden to the front and side. There is also a paved area at the back which is ideal for alfresco dining during the summer months.
Wigan is Greater Manchester’s most affordable borough, therefore it is no surprise that you can find a bargain home on the market here.
Located in the town of Ince-in-Makerfield near to transport links and amenities, this two-bed terrace is listed with a guide price of just £60,000 – but it requires quite a bit of work before moving in as it is in a run-down state.
The home has a utility room, lounge and kitchen on the ground floor and upstairs there is a small landing leading to two bedrooms and a bathroom. Outside there are garden areas to the front and rear. The property is going to auction on June 14.