You can buy a house in Preston for the price of a Ford Fiesta

You can buy a house in Preston for the price of a Ford Fiesta

New research from online estate agents HouseSimple.com has found that you can buy a house in Preston for the price of a Ford Fiesta but the cheapest property in Cambridge will set you back cost of a Ferrari California.

Despite UK house prices hitting near record levels, it’s still possible to find a bargain on the property market. Research by online estate agents HouseSimple.com has found some of the cheapest properties currently for sale in the UK, that are literally the price of a new car.

How about a property for the price of a Ford Fiesta? In Preston, there is a flat for sale in Ribbleton for just £15,000. A new Ford Fiesta Titanium will set you back £15,295. While, in Hartlepool, you could pick up a two-bed terraced house (£26,000) for the price of a Volkswagen Golf GTI (£26,895).

HouseSimple.com has looked at the cheapest properties currently for sale in 30 of the biggest towns and cities across the UK, and found the equivalent priced car.

While in Liverpool you could pick up a one bed flat (£20,000) for the price of a Skoda (£19,640), in Cambridge, a bargain is a little harder to come by. In fact, the cheapest property currently for sale in Cambridge (£160,000) would cost you as much as the stylish Ferrari California (£154,000 - £176,000).

And the bargains are also a little thin on the ground in the historic university city of Oxford, where the cheapest property currently for sale is a one bed flat, on the market for £130,000, the same price as an Audi R8 (£119,500 - £137,500).

Surprisingly, it is possible to pick up a property in London for less than £100,000, with a one bed flat in Tilbury on the market for £99,995. On the other hand, you could throw caution to the wind and buy an Aston Martin Roadster instead, which retails at around the same price (£101,344).


The following table shows the cheapest properties currently available in 30 major towns and cities across the UK, and the equivalent priced car:

Town/City

Cheapest property currently available

Price of Property (£)

Equivalent car for price of property

Price of car (£)

Cambridge

1-bed flat: Beaconsfield Terrace, Cambridge CB4

£160,000

Ferrari California

£154,000 -£176,000

Guildford

1-bed house: Reeve Court, Tarragon Drive, Guildford, Surrey GU2

£150,000

Lamborghini Spyder

£145,000 - £150,000

Oxford

1-bed flat: Pound Way, Cowley, Oxford OX4

£130,000

Audi R8

£119,500 – £137,500

Brighton

Studio: Old Shoreham Road, Brighton, East Sussex BN1

£104,950

BMW i8

£104,540

London

1-bed flat: Dock Road, Tilbury RM18

£99,995

Aston Martin Sportshift (420bhp) Roadster 2d

£101,344

Bath

1-bed flat: Chilcompton Road, Midsomer Norton BA3

£92,950

Audi A8

£60,235–£98,570

Bristol

1-bed flat: Church Road, St. George, Bristol BS5

£80,000

Mercedes-Benz SL Cabriolet/Roadster

£73,575

Milton Keynes

1-bed flat: The Hide, Netherfield, Milton Keynes MK6

£80,000

Land Rover Range Rover Sport

£61,545 – £93,995

Southampton

1-bed flat: Windrush Road, Millbrook, Southampton SO16

£70,000

Jaguar XJ LONG WHEELBASE

£61,690

Swindon

1-bed flat: Marney Road, Grange Park, Swindon SN5

£70,000

Mustang Shelby® GT350R

£61,295

Edinburgh

1-bed flat: 2/1 Mortonhall Park Place, Edinburgh EH17

£69,995

Porsche Caymen GT4

£64,451

Bournemouth

Studio: 472 Christchurch Road, Bournemouth, Dorset BH1

£55,000

BMW M3 Saloon

£56,595

Nottingham

1-bed flat: Noel Street, Nottingham NG7

£54,950

Maserati Levante

£55,000

Plymouth

Studio: Alexandra Road, Mutley, Plymouth, Devon PL4

£52,000

Range Rover Evoque

£30,200–£51,800

Cardiff

1-bed flat: Despenser Street, Cardiff CF11

£50,000

Maserati Ghibli

£48,830

Manchester

2-bed flat: Broughton Road, Salford M6

£49,950

Audi Q7

£47,775

Sheffield

1-bed flat: The Green Way, Deepcar, Sheffield S36

£46,500

Volvo XC90 2.0 D5 Momentum 5dr AWD Geartronic diesel estate

£43,290 - £46,500

Coventry

2-bed flat: Jasmine Grove, Stoke Aldermore, Coventry CV3

£45,000

Chevrolet Camero

£39,200 – £44,700

Wolverhampton

2-bed flat: A Deans Road, Wolverhampton WV1

£45,000

BMW X4

£37,545

Birmingham

Studio: Howarth Way, Birmingham, West Midlands B6

£39,000

Lotus Elise 1.8 S Sport 2d

£39,920

Sunderland

2-bed flat: King Henry Court, Sunderland SR5

£32,500

Jaguar F-PACE

£34,170

Leeds

1-bed flat: Park Crescent, Armley, Leeds LS12

£30,000

Subaru WRX STI

£28,995

Stoke-on-Trent

2-bed house: St. Aidans Street, Tunstall, Stoke-On-Trent ST6

£30,000

JEEP Cherokee Night Eagle

£33,045

Hull

1-bed flat: Coltman Street, Hull HU3

£30,000

Honda CR-V

£22,770–£34,710

Newcastle

1-bed flat: Chestnut Avenue, Newcastle Upon Tyne NE5

£29,950

Nissan 370Z Coupe

£27,605

Glasgow

1-bed flat: Househillmuir Road, Glasgow, Lanarkshire G53

£29,000

Lexus IS 250 SE

£28,495

Hartlepool

2-bed terraced house: Harrow Street, Hartlepool TS25

£26,000

Volkswagen Golf GTI

£26,895

Bradford

Studio: Hockney Court 2 Hallgate, City Centre BD1

£25,000

Ford Mondeo Titanium

£25,245

Liverpool

1-bed flat: New Road Court, Liverpool, Merseyside L13

£20,000

Skoda New Superb Hatch

£19,640

Preston

2-bed flat: Rothwell Lodge Grange Avenue, Ribbleton, Preston PR2

£15,000

Ford Fiesta Titanium

£15,295

Alex Gosling, CEO, online estate agents HouseSimple.com, comments: “It’s hard to believe that you can still buy a property in the UK for the price of a Ford Fiesta and a house for the price of a VW Golf GTI.

However, it may be a little flamboyant and probably a little reckless to spend your entire property budget on a Lamborghini, even if it would look great on the driveway.

But this research does prove there are bargains to be found on the property market, even with average house prices at almost record levels – it just requires a little research and probably a lick of paint!”

(image courtesy of David Fowler / Shutterstock.com)

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Spencer Fortag
Spencer Fortag 25 Aug 2016

The funny thing is, I mentioned the brick issue in my blog back in April: http://medwayproperty.blogspot.co.uk/2016/04/the-medway-property-market-and-lack-of.html

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SecomTech
SecomTech 19 Aug 2016

Firstly, I either lodge with DPS or do not take a deposit...secondly, If a tenant has not received a confirmation their deposit is secured with either a scheme or in an insured account with an agent/landlord,...

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jasonevans
jasonevans 19 Aug 2016

Belvoir has over 15 years of experience in property lettings, buying and renting and is one of the best agencies I know about. I have heard that they revived an award for the hard work. Really amazing...

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jasonevans
jasonevans 19 Aug 2016

Usually these areas are least affected when it comes to unexpected economical collapse.

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TheWaspNestRemover
TheWaspNestRemover 11 Aug 2016

You agree to pay for the treatment needed to get rid of fleas, ants, mice, wasps nests and other pests unless you can prove that these are a result of us not meeting our repairing responsibilities or these...

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madisonwelch80
madisonwelch80 02 Aug 2016

16% is quite a raise. Let's hope this tendency won't continue for long.

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madisonwelch80
madisonwelch80 02 Aug 2016

?66,963 is a serious price drop However buying a property it a serious investment only small percentage of the UK population could afford.

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madisonwelch80
madisonwelch80 02 Aug 2016

Wow, it kind of surprised me. I mean counting on mom and dad's bank even after retirement is too much. That's the moment in life when one should have ensured themselves. I am shocked.

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AbbieP.
AbbieP. 22 Jul 2016

"While house prices in the most expensive eleven boroughs have declined values in the cheapest eleven boroughs continue to rise" - not a nice way to even out the price range. London is overrated as it

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AbbieP.
AbbieP. 21 Jul 2016

And try to profit from your decisions, I may add

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CommercialTrust
CommercialTrust 19 Jul 2016

Retirement investment has always been one of the biggest draws of buy to let. And the buy-to-let demographic is, on balance, older. (Over a third of our applicants are over 50 at the time of application.) It...

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Forrest Wheatey
Forrest Wheatey 11 Jul 2016

I find the time perfect for ever home-owner wannabe. Prices should slowly, but steadily drop, at least for the inner buyer. Making it harder for outsiders to buy properties (the whole Brexit thing means...

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