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Where can you buy a house for less than £50k in Greater Manchester?

Posted on Saturday, July 14, 2018

The question of affordable housing is high on the agenda right now as both local and national politicians grapple with the housing crisis.

A historic lack of supply since the crash of 2008 has seen house prices increase way above inflation – and wages – making buying a home of your own unaffordable for many.

According to official Government data the average price of a property in the UK at June 2017 was £223,257 and for the North West stood at £156,392 having increased 5.5% since June 2016.

But don’t despair.

If owning a home of your own is your dream there are places where you can get on the property ladder for as little as £15,000.

You may have to compromise on area and the house may need a little TLC, but if you’re brave enough the monthly mortgage cost on a property at this level is just £71 – about the same as a night out for many people. And you'd only need £1,500 as a deposit.

Across Greater Manchester the cheapest properties sold in January were in Oldham, Rochdale and Wigan.

To read more about this visit:https://www.manchestereveningnews.co.uk/news/property/houses-to-buy-50k-manchester-14417309

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