Some are even listed at £5,000 - which is just a fraction of the £58,986 deposit the average first-time buyer needs. But a word of caution: the cheapest auction homes often require a lot of work, which means you’ll need extra funds to do them up. It also means you’ll need to be willing to get stuck in to bring the property back to a liveable state. Two-bed terraced house in Burnley - guide price £10,000(Image: Zoopla)Information is also scarce for this two-bed freehold property but the listing makes clear that it needs modernising. Two-bed terraced house in Lancashire - guide price £10,000(Image: Zoopla)Again, this one is another fixer-upper as the description says it'll need doing up before it can be lived in.

Source: Daily Mirror May 01, 2021 06:00 UTC