Inside Zoopla’s cheapest family-size house with three bedrooms and a garden for £40,000
HOUSE buyers can bag a bargain family-size home with three bedrooms and a garden for just £40,000.
The semi-detached house is the cheapest of its kind on property portal Zoopla, and is a fraction of the average house price.
Property prices currently stands at £267,000, according to the Office for National Statistics (ONS).
A 10% deposit works out at just £4,000 - thousands of pounds less than the average first-time buyer down payment, which last year was £57,278, according to Halifax.
The price tag falls far short of the £500,000 stamp duty threshold too so you won't have to stump up extra funds for the land tax.
The catch? It's not exactly in the city centre and you'll need to be prepared to carry out some minor renovation work to modernise it.
The house is in New Cumnock, a mining town in East Ayrshire, Scotland.
It's freehold, meaning that you own the property and the land it sits on so you won't face any extra fees like those charged to leaseholders.
There are three double bedrooms upstairs, as well as a family bathroom.
Meanwhile, downstairs there's an open lounge and dining room, as well as the kitchen.
It has plenty of outdoor space, with a spacious garden at the front and the back.
The house is only attached on one side and is close to neighbours on the other.
The house is far from run down though, and the new buyers could move in straight away if they weren't interested in updating it.
The carpets look like they could need replacing - any added costs will need to be factored into your house buying budget.
Zoopla's search excluded leasehold and shared-ownership properties, which may have cheaper upfront costs.
You can also save cash by opting for a smaller property or somewhere with less outdoor space.
The house is listed as "offers in the region of" which means the seller may accept a smaller price.
However, it also means the price could go up too. This is something you will also need to consider when making an offer.
Haggling can be awkward for us Brits, but we've spoken to the experts to find out the best tips for how to negotiate a cheaper price for your dream home.
If you're a first-time buyer looking to get on the property ladder, you should read our ultimate guide to the process.
Fancy a nose around more homes? This is the cheapest house for sale on Zoopla. It costs £25,000 - a tenth of the average property price.
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