Property Investment

Five Refurbishment Properties for £100k or Less

You might imagine that a budget of £100,000 wouldn’t buy you a whole load of property these days, however, we were pleased to discover that there are still some bargains to be had, especially if you are willing to take on a property that needs some work. Take a look at the five refurbishment properties we found from the East coast to Birmingham and further North as far as Scotland; we even found a property for £100k in the centre of London. Intrigued to take a look?  

Semi-Detached 2 Bed Part-Converted Property – Great Yarmouth £100,000 – £115,000

This terraced home in Great Yarmouth, which lies on the East Coast of Norfolk, is mid-way through conversion into two apartments with the top floor already completed and let out.

The ground floor has been plastered and a range of floor coverings and fixtures have already been purchased ready for the new buyer to step in and install. The ground floor apartment has a kitchen, bathroom, sitting/dining room and a double bedroom. The first-floor apartment has a double bedroom, bathroom and an open plan kitchen/sitting room/dining room.

Outside, there is a low maintenance, south-facing garden with plenty of space for entertaining. Parking is provided to the front for one of the flats and on the road for the other.

Marketed by Starkings & Watson, Norfolk & Suffolk via Rightmove, the agents point out that scope exists for the accommodation to be returned to the original footprint if required.

Three-Bed Terrace – Shaftesbury Avenue, Hull. Auction Guide Price £100,000

Three-Bed Terrace, Hull William H Brown, Rightmove £100,000

For sale by auction for a guide price of £100,000 this mid-terraced, three-bedroomed home has bags of potential.

Situated in a ‘highly sought-after’ residential area just a few minutes’ walk from Hull’s stunning East Park with its boating lake, Zoo, Children’s playground and bowling green, the spacious property boasts three reception and three bedrooms.

Although the house requires a fair degree of updating, this does mean the buyers will be able to put their own stamp on the property.

To the front, is a garden with a hedge, wall and fence surround. To the rear of the property is a fenced garden area and rear vehicular access.

The property also benefits from excellent shopping, transport links and a plethora of leisure activities nearby (in addition to East Park) including a leisure centre and skate park. The agents, William H. Brown, Hull are expecting high demand for this property, so call to book your viewing today.

One-Bedroom Houseboat – Rotherhithe SE16, £100,000

Ever fancied living the simple life on a houseboat? Now’s your chance to secure a one-bedroomed, triple-decked motorboat with a permanent residential mooring in South Dock Marina, SE16 (annual mooring fee £5,955.12).

Needing some modernisation, the Hippo is ideally located for travel throughout London. The agent Riverhomes, South West London writes that you can reach Shoreditch in 20 minutes, Peckham in 18 minutes, Bond Street in 26 minutes and it’s one stop to Canary Wharf using the TFL’s water taxi service (Oyster card accepted), so may suit finance professionals.

The marina is within a free parking zone & provides facilities such as concierge service, hyperoptic broadband, electricity, and water & waste disposal.

The agents note that the current owner has converted the previous make-shift bathroom into a wardrobe so uses the shower facilities on the jetty, also they haven’t used the boat as such for the three years they have occupied the boat, so the engines likely need attention before starting up and casting off on your London riverboat adventure.

View the video tour here.

Two-bed Maisonette – Popular Estate Tamworth, Staffordshire £100,000

Two-bed Maisonette, Popular Estate Tamworth, Staffordshire £100,000 Hunters, Tamworth via Rightmove

If you are looking for a property to do up near Birmingham, how about this two-bedroom maisonette located in a popular residential area of the bustling market town of Tamworth, which benefits from parking to the front, a private entrance, its own garden and no upward chain.

Located on the popular Gillway estate on the north side of Tamworth, the property, which is being marketed by Hunters in Tamworth via Rightmove, has undergone some improvement with new floors and re-plastering in some areas, however, it could still benefit from further modernisation.

The apartment is centrally located for all local amenities such as restaurants, grocery stores, health clubs, Ofsted ‘good’ schools and parks and is just 0.9 miles from Tamworth station, which benefits from connections to the West Coast Main Line and Cross Country Line trains. The M42 and M6 are also a short drive away.

One-Bed Studio, Centrally Located – Southend-on-Sea £99,000

One-bedroom studio flat located on York Road in Southend-on-Sea. Agent –Pier 1 Management via RightmoveIf you are looking for an Essex pad to renovate, how about this one-bedroom studio flat located on York Road in Southend-on-Sea, minutes away from Southend Victoria Train Station.

York Road is located in the centre of Southend close to local shops and amenities and lies just half a mile from the longest pleasure pier in the world at Southend Pier. The pier is so long it even has its own railway!

The flat is offered for sale via Pier 1 Management, Loughton with a tenant in situ but can also be purchased with vacant possession.

First Floor Apartment Balnagask Road, Torry, Aberdeen, AB11 £88,000

First Floor Apartment Balnagask Road, Torry, Aberdeen, AB11 £88,000 Purplebricks via Rightmove

This spacious, two-bedroom apartment in the Torry area of Aberdeen has a lot going for it.

Listed at £7,000 below the home report value, and the cheapest property on today’s list, the flat is ‘moveinable’ however it would benefit from some modernisation as the décor is quite dated at present.

The property is located in the thriving community of Torry, which lies to the south of Aberdeen city, and is host to a wide variety of local amenities including shops, a pharmacy, pubs, banks and more. Furthermore Union Square, Union Street and Nigg Golf Club are all within easy walking distance.

The agent, Purplebricks, suggests that this property would be an ideal purchase for a first-time buyer or professional couple. All formal offers should be emailed to the solicitors in the first instance.

So, did any of this week’s top refurb picks catch your eye? Let us know.

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Alex Wright, Editor