WE all know how expensive it can be to get on the property ladder.
The cost of living just keeps rising and house prices have seen an unexpected boom since lockdown.
However, not every property has to cost an absolute fortune and the people of Lancashire are lucky enough to have some very affordable properties right on their doorstep.
According to Zoopla, the average price paid for a semi-detached house price in Lancashire is £168,128 - which is more than £98,000 cheaper than the UK average.
If you know where to look, you can find houses that are even cheaper than this figure.
These are some of the cheapest homes for sale in six East Lancashire towns:
Blackburn
Walsh Street
£37,000 (guide price)
Right now, this is one of the cheapest properties for sale in Blackburn.
At £37,000 it’s an absolute steal- and potentially a very lucrative investment for any prospective buy-to-let investors.
It could also make for a lovely family home after some refurbishment.
However, it’s also worth noting that the property has suffered some smoke damage so be prepared to invest funds into fixing this problem.
The property has two bedrooms and the windows are all double glazed.
It is being sold via online auction on 24 February 2021- do you have what it takes to fix it up?
Burnley
Albert Street
£10,000 (guide price)
If you are a savvy bidder, you could secure this affordable Burnley house for just £10,000.
If you secure it for anywhere near this price, then you are looking at a sizeable return and profit once you fix it up and sell it on.
It could also be the ideal renovation project to take on during lockdown.
The property is being sold via auction on 17 February starting at 8:30am.
Accrington
Derby Street
£40,000 (guide price)
This mid-terrace home is located close to the centre of Accrington.
It may only have one bedroom but it is large enough to accommodate a double bed.
Also on the property is a large through lounge with a good-size kitchen area and a three piece shower room.
The property even benefits from its own rear year.
Nelson
Pine Street
£40,000 (guide price)
On the hunt for an affordable two bedroom home?
Then you’re in luck as this is one of the most affordable houses for sale in Nelson.
Both bedrooms are said to be a ‘good size’ and there is an outbuilding in the rear yard- but some refurbishment and modernisation is required.
However, it’s a great little property for investors- will you be placing a bid at the auction?
Darwen
Redearth Road
£38,000 (guide price)
Ideal for investors, this house is on the market for a seriously impressive £38,000.
It has two bedrooms and also a rear garden with service road access.
The property has an estimated generated rental income of £370 per month.
While it is under your ownership you may want to fix it up or refurbish it- but the property was recently reroofed which is an added bonus.
However, if you want this house you better act fast- it is being sold via auction on February 11th.
Haslingden
Thomas Street
£45,000 (guide price)
Right now this is the cheapest home for sale in Rossendale, on both Zoopla and Rightmove.
This property really does have a lot to offer its new buyer.
It is situated in the heart of Haslingden and benefits from two bedrooms.
It’s marketed as an investment property, ideal for developers who want a property project to work on in lockdown.
After some TLC, it could be transformed into a spacious home for a blossoming family or a young couple.
Best of all, there is a shared courtyard to the rear of the property.
What do you think of these bargain properties? Let us know in the comment section below.
Comments: Our rules
We want our comments to be a lively and valuable part of our community - a place where readers can debate and engage with the most important local issues. The ability to comment on our stories is a privilege, not a right, however, and that privilege may be withdrawn if it is abused or misused.
Please report any comments that break our rules.
Read the rules here