Inside Cheltenham’s cheapest house that will cost you £50,000

If you're a first-time buyer looking for a fixer-upper, this could be the one.

The average house price in the UK jumped by £24,000 in the year to March, according to official figures.

Data from the Office for National Statistics (ONS) revealed that the typical property value in March 2022 was £278,000.

Since UK house prices are so high, Bloom went on a house hunting mission to find the cheapest property to buy in Cheltenham.

This three-bedroom semi-detached house on Welch Road is currently up for £50,000,

although it needs some serious elbow grease to bring it up to standard.

Photos show the house with peeling wallpaper, worn carpets and a chandelier in the living room.

The previous owner has also left numerous belongings behind including a vintage piano with candlestick holders, a hoover, numerous mattresses and a ripped floral sofa.

The Rightmove listing admits the house requires “complete modernisation” but says it’s located “near to local shopping and travelling facilities” including Gallagher retail park, which is a 15 minute walk away.

Most millennials are forced to rent, unless they inherit a large sum of money or receive significant financial assistance.

According to the Guardian, 80% of people in their 60s own their own homes compared to only 30% of under-30s.

The house marketed by McHugh & Co will be sold at an online auction on 26th May.

Alice Knight