In today’s article, we dive back into our popular quest to uncover five UK properties priced at around the £50,000 mark, discovering, yet again, some intriguing investment opportunities.
Our latest finds range from a tenant-occupied student flat in Canterbury to a plot of land with planning in place for a five-bedroom executive house. We also explore an eight-bedroom property coming up for auction soon, which despite its in-budget guide price of £50,000 has ambiguous occupancy terms, which may put inexperienced buyers off.
While some options are ready for immediate occupancy, others present a chance for renovation and customisation. Join us as we peek through the keyholes of these five diverse properties, each with unique potential and all priced at a guide price of £50,000.
Tenanted student flat in Canterbury – £50-55K
Situated in the historical city of Canterbury in Kent, this one-bedroom student flat in Tallis Court on Parham Road presents an opportunity for buyers looking for a £50,000 investment. The flat, which is currently tenanted, features modern conveniences such as a secure card entry system and an en-suite shower room. It also boasts communal areas including a social living space and gardens.
Offered with no onward chain, the property is situated in Canterbury’s student village, ideally positioned for students attending Canterbury Christchurch, the University of Kent, UCA and Canterbury College. The student village is served by local buses and is within walking distance of Canterbury West Railway Station, which offers a high-speed service to London (St Pancras 56 mins). Sturry Retail Park, an ASDA supermarket and Canterbury High Street with all its amenities, are also nearby.
3-bed end of terrace close to Liverpool city centre starting bid £50,000
This three-bedroom end-of-terrace property located on Globe Street in Liverpool is being sold via online auction with a starting bid of £50,000. The leasehold property features two reception rooms, a modern kitchen and a ground-floor bathroom and is in need of some modernisation. It is strategically situated close to Liverpool’s city centre and football stadiums and boasts excellent transport links. The property is also offered with no onward chain and with only 129 years used from the current 999-year lease (initiated on March 25, 1894).
The sale is being conducted through YOPA’s online auction platform, which accommodates both cash and mortgage buyers. The auction process includes a Buy-it-Now option for immediate purchase. Winning bidders will not exchange contracts immediately but will have 56 working days from the issuance of the draft contract to complete the transaction. A buyer’s premium and an administration fee totalling £6,972 are required to secure the property and remove it from the market.
2nd floor flat near city centre amenities Sunderland, Tyne and Wear – £50K
This second-floor flat in the Ashbrooke area of Sunderland is offered as a ‘priced to sell’ listing of £50,000 for the leasehold. The flat includes two bedrooms, a lounge, a kitchen and a modern bathroom set across one floor. Marketed with no onward chain, the property also features a communal rear yard.
The flat is situated in a desirable location close to Sunderland city centre with its shops, bars, cafes and restaurants, and within walking distance of the Ashbrooke Sports Ground. Transport links are also good, with nearby Park Lane Station offering regional and national connections via rail and Tyne and Wear Metro services.
Plot of land with permission for 5-bed executive home – Tonypandy, Wales £50,000
This plot of land in Tonypandy a town in the borough of Rhondda Cynon Taf, in Glamorgan, Wales, is ripe for development, having outline planning for a five-bedroom detached house. Boasting spectacular valley views and spanning approximately 22m x 21m, the plot comes with 2 sets of alternative plans, a topographical survey, a structural report, a drainage design and a Sustainable Drainage Systems (SAB) design.
Marketed via Town & Country Property Auctions, Oswestry, the sale process for the land is through an unconditional online auction on 25/04/2024, with a buyer’s premium of 5 per cent plus VAT. Interested parties must register before bidding. Pre-auction offers will also be considered.
8-bed, 4-bath terrace, “occupied on terms unknown” – Hull – £50,000 (auction 18 April)
Located in the port city of Hull, on the west side of Beverly Road (A1079) close to the Fitzroy Street junction, this property offers a generous eight-bedroom layout spanning three floors, with the ground floor hosting two bedrooms, a shower room, a kitchen and further room, the first floor has four bedrooms and two shower rooms while the second floor houses a further 2 bedrooms and bathroom providing ample space for potential conversion into smaller units or for use as a rental property.
There are shops and amenities nearby along Beverly Road (A1079) as well as on Newland Avenue while Hull station is situated 1.6 miles to the south. Its proximity to Pearson Park, which features a restored Victorian conservatory, a serpentine lake and several Grade II listed structures, adds to its appeal.
The property is advertised as being “Occupied on Terms Unknown”. This could mean it is housing a sitting tenant, family members of the owner or even squatters. Will this unknown factor put amateur buyers off making the deal more suited to professional property investors?
Which one of our five properties caught your expert eye today?
