FIRST-TIME buyers struggling to put together a deposit will be pleased to know that there are still properties selling for as little as £20,000.
Last month, five properties in locations such as Durham, Lancashire and Sunderland changed hands for the bargain price.
At the other end of the scale, the most expensive property was a terraced house in Kensington and Chelsea in London which sold for an eye-watering £25,950,000, according to HM Land Registry.
It collects records of every property sale in the UK, who's selling, who's buying and what they're paying, meaning it's a reliable index of what houses cost.
The fact that some properties sold for less than the average deposit is good news for those who are worried about the cost soaring above the asking price once bidding has started.
Just keep in mind that a cheap property often means you'll need to do a lot of work on it before you can live in it.
This means that even if you paid just £20,000 for a property, you may be hit with extra costs amounting to thousands.
If you could afford a slightly pricier property, you'll have more choice as there were 37 properties sold for between £20,000 and £30,000 last month, according to Land Registry.
If you're ready to start looking for a home, one way to check what's on the market is by using property search websites such as Rightmove, Zoopla or OnTheMarket.
Some homes are sold before they appear online, so it could also be worth popping by your local estate agent to enquire about its properties.
To get some inspiration, below are the properties whose owners paid just £20,000 for them.
Terraced house, Lancashire
This terraced house changed hands on June 11 after the owners forked out £20,000.
It's not clear how big the property is, but similar houses on the same street come with two or three bedrooms, according to Rightmove, so we expect this house to be the same.
It's located in Burnley in Lancashire, just over 20 miles north of Manchester.
In good news for motorists, the property comes with parking options outside your doorstep.
Two-bedroom terraced house, Durham
This two-bedroom terrace property comes with two reception rooms, a separate dining room as well as a front and rear yard.
Located in Bishop Auckland in Durham, it's set over two floors and has gas central heating.
The property came with the caveat that it needs refurbishing but this clearly didn't put off the new owners.
They took over on June 5, according to Land Registry records.
Terraced house, Durham
This terraced house is a freehold which means its new owners aren't tied into any lease.
Once again, it's not entirely clear how big the house is but another similar property just a few doors down the road has two bedrooms.
Better yet, it's located less than a mile from the Tindale Retail Park in Durham which provides access to supermarkets, popular shops and restaurants.
If you have little ones in school, you'll be pleased to know that Bishop Auckland is just three miles away with both primary and secondary schools.
Two-bedroom terraced house, Durham
This terraced house is arranged over two floors, with the living room and kitchen located on the ground floor and the two bedrooms and bathroom on the first floor.
The property's located in Ferryhill in Durham, close to shops and green spaces.
Transport links are provided by Shildon rail station, and during warm days you'll really enjoy the rear yard.
One-bedroom flat, Sunderland
If you aren't interested in buying a house with a garden, you'll be pleased to know that a flat also sold for just £20,000 last month.
This one-bedroom property comes with on street parking and a secure entry system.
It's located in Washington in Sunderland, and benefits from gas central heating.
The flat's new owners took over the property on June 7.
What help is out there for first-time buyers?
GETTING on the property ladder can feel like a daunting task but there are schemes out there to help first-time buyers have their own home.
Help to Buy Isa – It's a tax-free savings account where for every £200 you save, the Government will add an extra £50. But there's a maximum limit of £3,000 which is paid to your solicitor when you move.
Help to Buy equity loan – The Government will lend you up to 20 per cent of the home's value – or 40 per cent in London – after you've put down a five per cent deposit. The loan is on top of a normal mortgage but it can only be used to buy a new build property.
Lifetime Isa – This is another Government scheme that gives anyone aged 18 to 39 the chance to save tax-free and get a bonus of up to £32,000 towards their first home. You can save up to £4,000 a year and the Government will add 25 per cent on top.
Shared ownership – Co-owning with a housing association means you can buy a part of the property and pay rent on the remaining amount. You can buy anything from 25 to 75 per cent of the property but you're restricted to specific ones.
"First dibs" in London – London Mayor Sadiq Khan is working on a scheme that will restrict sales of all new-build homes in the capital up to £350,000 to UK buyers for three months before any overseas marketing can take place.
Starter Home Initiative – A Government scheme that will see 200,000 new-build homes in England sold to first-time buyers with a 20 per cent discount by 2020. To receive updates on the progress of these homes you can register your interest on the Starter Homes website.
House prices across England are on the rise but London has seen the biggest annual slide since the recession, new figures showed a few weeks ago.
Meanwhile, these are ten property hot spots where prices are increasing by up to £185 a day.
Here's also a list of 17 towns where you can still buy a family house for under £100,000.
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