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Here's where to buy a family home for less than £100,000

Patrick Christys
Jun 10, 2019

In some parts of the UK you would struggle to buy a cardboard box underneath a motorway bridge for less than a million pounds, but fear not, there are still some pockets of land where a bargain can be had.

If you're willing to completely overlook the stigma of living somewhere like Rotherham, or Blackpool, then there are some staggering offers out there, especially if you've got a few children living at home.

There are numerous places across the UK where you can pick up a three bedroom house for £100,000 or less - and not all of them are Hull!

Liverpool currently has 628 three-bed houses for sale at £100,000 or less - all located within five miles of the city centre, online estate agent HouseSimple has found.

It's followed by Rotherham in South Yorkshire, which currently has 449 family homes on the market for similar amounts.

The research shows that the top 10 best value towns and cities for families are located in the north west, north east and Yorkshire.

Meanwhile, not a single town or city in the south of England featured in the top 40.

Exeter was found to offer the best value in the south sailing in at the 41th place of the list, but it has just 23 homes on the market at £100,000 or below.

In bad news for families, there are currently also 18 cities that have no three-bed houses for sale at that price tag, HouseSimple found.

Of these, 17 are in the south including London, Bath, Brighton, Bristol and Cambridge while the last one is Aberdeen in Scotland.

Sam Mitchell, chief executive of Housesimple, said: "Even with the challenges and uncertainty surrounding Brexit, we are seeing healthy levels of interest from buyers in northern regions, keen to take advantage of attractively priced properties, affordable mortgage rates and stable local economies.

"Buying the family home is the biggest purchase most of us will ever make. The struggles families have faced buying a house in the south have been well documented.

"Compared to the south, there is substantial value to be found in property markets in regions such as the north west and Yorkshire.

"Although £100,000 is at the lower end of the market, there are also plenty of substantial family houses at prices around £300,000 to £400,000, that would probably be £1million plus in and around London, and unaffordable to the majority of families there."

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