Get hitched or buy a house?
With Valentine’s Day upon us, many couples will be loved up and may even be thinking about a marriage proposal.
But with the average wedding costing around £20,500, it might be better to put any engagement plans on hold, as you can buy a house in some parts of the UK for less than the price of a wedding, according to research by HouseSimple.com.
Check out our best mortgage deals for first-time buyers.
The online estate agent has carried out research on property portal Zoopla.co.uk to find the cheapest homes in the UK, and found 24 properties currently on the market for £20,000 or less.
If you have just £15,000 to spare, you can buy a modern one-bedroom flat in Preston – it even has a communal garden and parking space.
Pay a little more, and you can buy a two-bedroom terraced house in Durham. The £20,000 house in Seven Street, which has been priced ‘to encourage a faster than average sale’, looks good enough to live in straightaway and includes a rear garden.
Alex Gosling, chief executive of HouseSimple.com, says: “They may not be much to look at, and they may need a little TLC, but it does seem crazy in this day and age, when the average UK house price is over £200,000, that you can still buy a property for a tenth of that price. Even if you decide these properties are not to your taste, £20,000 could be a very nice deposit towards your dream property.”
Read about how three couples kept the cost of their wedding day down.
Everything you own: all your assets (property, cars, investments, savings, insurance payouts, artwork, furniture etc) minus any liabilities (debts, current bills, payments still owed on assets like cars and houses, credit card balances and other outstanding loans). When you’re alive this is called your wealth; when you’re dead, it becomes your estate.