Finding A Cheap Home at an Affordable Price In Leicester
Are you looking to buy a house in Leicester but worried about the costs? Don’t worry, there are many options for affordable homes in this city. Leicester is a vibrant and diverse city that has something to offer everyone, from cultural events to historical landmarks. In this article, we will explore some of the best places to find cheap houses for sale in Leicester.
Understanding the Housing Market in Leicester
Before you start your search for a cheap house in Leicester, it’s important to understand the local housing market. Leicester has a diverse housing market, with different types of houses available at varying price points. The average cost of a house in Leicester is £214,100, which is slightly lower than the national average of £231,000.
Where to Find Affordable Houses in Leicester
Belgrave is one of the most popular areas in Leicester, known for its multicultural community and vibrant atmosphere. It’s also a great place to find affordable houses, with many options for first-time buyers. The average cost of a house in Belgrave is £145,000.
2. West End
West End is another great option for finding affordable houses in Leicester. It’s a diverse and multicultural area with a mix of different types of properties, from Victorian terraces to modern flats. The average cost of a house in West End is £150,000.
3. New Parks
New Parks is a suburb located in the west of Leicester. It’s a popular choice for families and first-time buyers due to its proximity to local schools and parks. The average cost of a house in New Parks is £170,000.
4. Thurnby Lodge
Thurnby Lodge is located in the east of Leicester and is known for its peaceful and quiet atmosphere. It’s a great option for those looking for affordable houses in a suburban setting. The average cost of a house in Thurnby Lodge is £160,000.
Braunstone is a suburb located in the west of Leicester. It’s a popular choice for families due to its proximity to local schools and amenities. The average cost of a house in Braunstone is £160,000.
Tips for Finding Cheap Houses For Sale in Leicester
- Look for properties that need renovation: Houses that need renovation are often sold at a lower price. If you’re willing to put in some work, you can save money on the purchase price and create your dream home.
- Be flexible: If you’re willing to compromise on location or property type, you can find cheaper houses in Leicester. Consider properties that are further from the city center or look for flats instead of houses.
- Consider auctions: Property auctions can be a great way to find cheap houses in Leicester. However, it’s important to do your research and attend auctions with a clear budget in mind.
- Use online property search engines: There are many online property search engines that can help you find cheap houses for sale in Leicester. Be sure to set your budget and use filters to narrow down your search.
See also: Our article on the cheapest houses in the UK
Are There Cheap Houses For Sale In Leicester?
Buying a house in Leicester doesn’t have to break the bank. There are many affordable options available, from Victorian terraces to modern flats. By understanding the local housing market and being flexible in your search, you can find your dream home at an affordable price.
Leicester offers potential buyers the opportunity to purchase derelict property at a lower cost. With many cheap houses for sale in Leicester, it is possible to acquire property in need of renovation, often at a fraction of the cost of a fully refurbished home.
Derelict Property For Sale In Leicester
Derelict property for sale in Leicester can be a great investment opportunity for those who are willing to put in the effort and resources required to renovate the property. These types of properties often require extensive work and can be a challenge to renovate, but they can also offer a unique opportunity to create a home tailored to your preferences.
It is essential to conduct a thorough inspection of the property to assess the level of renovation required and ensure that it meets your needs and budget. With some careful planning and a bit of patience, buying derelict property in Leicester can be a rewarding investment.
Resource For leicester:
Leicester City Council