Everyone loves a bargain, particularly when it comes to buying a property.
As long as you’re prepared to renovate, decorate, deal with structural problems, move to an area you might not have previously considered to get the space you need — or compromise on size to secure the right postcode — there’s plenty of choice.
Before committing yourself, commission a survey, budget for building work and seek legal advice on any issues that might affect future saleability.
Read more: Property: The bank of mum and dad mortgages
Why not start your search by checking out these cut-price homes?
1. Caccamo, Sicily, €30,00 (£26,500)
Although not as cheap as the adjoining apartments on the same island that Amanda Holden and Alan Carr bought for one euro each and have been converting into a luxury holiday home — a transformation charted in Amanda and Alan’s Italian job on BBC1 — this three-storey townhouse is still great value for money.
Structurally sound but needing renovation, it’s in picturesque medieval town between Palermo and Cefalu and has the potential to be transformed into a beautiful two-bedroom, two bathroom house with balconies and a patio. The work is estimated to cost around €100,000. For sale through Kyero.
2. Batley, West Yorkshire, offers over £40,000
This first floor flat would make a great first-time buy.
It’s a short walk from the town centre and station and comprises a double bedroom, a large living room, a fitted kitchen with an electric oven and hob and a bathroom, all leading off the hall.
As it’s being sold at auction the purchaser pays a fee on the final price, but it should still come in at well below the average for a flat in the area, currently £68,500. Via Purplebricks.
3. Liverpool, £50,000
If you’re buying purely for investment, don’t miss this studio flat, on the top floor of a student development in the heart of the city and in walking distance of The University of Liverpool, the School of Tropical Medicine, John Moores and Liverpool Media Academy.
Including an ensuite shower room and balcony, it rents out for £100 per week, and residents have use of a communal kitchen, lounges and a gym. Available through Yopa.
4. Ruthergen, Glasgow G73, offers over £56,000
A ground floor studio flat with a shared garden and designated parking space in a well-maintained building close to a station and convenient for the M74.
One of its major selling points is that it’s in excellent condition, having been upgraded in the past couple of years and featuring a smart grey kitchen, a contemporary shower room and a new boiler and flooring. Find out more from Pacitti Jones.
5. Meilhards, Correze, France, £64,896
Anyone keen to tackle a long-term project in a beautiful part of France should take a look at this large, stone-built three-bedroom house which requires complete renovation.
At the moment it’s all on one level, but extra bedrooms could be created in the loft, and there is additional space in the basement and attached barns.
There is a river on one side and the house has its own supply of spring water, but the new owner will have the joy of installing a septic tank. Get the lowdown from Sextant Properties.
6. Culgaith, Penrith, Cumbria, offers over £200,000
Beech House & Barn consists of a dilapidated cottage with an attached barn in a rural but convenient village nestled between the Lake District, the North Pennines and the Yorkshire Dales.
The buildings sit on a quarter of an acre site with far reaching views over the Eden Valley and offer various development options – for example they could be combined into one substantial family house or turned into holiday accommodation, subject to planning permission being obtained. From Finest Properties.
7. Dartmouth, Devon, £325,000
You’ll find this four-storey period townhouse just one street back from the bars and restaurants along Dartmouth’s bustling waterfront.
A probate sale, it’s habitable but needs renovating and the price has already dropped by £25,000.
The kitchen, living room and utility/WC are on the ground floor, with a bedroom and family bathroom on the first, a bedroom with an ensuite and access to a flat roof area on the second, and a third bedroom or reception room with a Juliet balcony at the top. For sale through Marchand Petit.
8. Wimbledon SW20, £410,000
Property doesn’t come cheap in the upmarket suburb that brought us the world’s most prestigious tennis tournament and the Wombles, which is why this house is such a find.
At 427 square feet it’s bijou but well-designed, opening into a bright kitchen/living room with a breakfast bar and a staircase leading up to a double bedroom and bathroom.
There’s also a private courtyard garden, and off-street parking. For more information, contact Hamptons.