Five homes you can buy from £10,000 or less – with some starting at just £5,000

Buying a property at auction could be a great way to nab a cheap home – here are five with bargain guide prices that start from £10,000 or less.

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.

Cheap guide prices often attract a lot of bidders too, so it’s likely the final price will end up being a lot more if loads of people bid on it.

Some will also have a reserve price, which is usually kept confidential by the seller – although the guide price can typically be an indicator for how much they’re willing to let the property go for.

There will usually be other fees to pay alongside as well.

Three-bed terraced house in Hartlepool – guide price £5,000

Three-bed terraced house in Hartlepool – guide price £5,000

The listing says it’s a freehold property, which means the buyer will also own the land it has been built on.

Bond Wolfe Auctions will be holding virtual biddings online on May 19.

On there website, it says there will be an administration fee of £1,440 unless stated otherwise.

View now on Zoopla.

Three-bed terraced house in County Durham – guide price £5,000

Again, there isn’t any pictures of the inside of this three-bed home so we can’t comment too much on its condition.

But we can see the bottom window and front door have been boarded up – which is a probably a good indicator of how the inside could look.

The description does note how this one needs a refurbishment, and it’s a freehold property.

Like the one above, it’ll be part of Bond Wolfe Auctions’ virtual bidding on May 19.

View now on Zoopla.

Studio for sale in Bradford – guide price £5,000

This studio is described as fully furnished and on the first floor, while the building has double glazing, electric heating, 24-hour concierge and secure intercom system.

The inside looks quite basic but not in too shabby of a condition.

According to the auctioneers, the potential income if you were looking to rent it out could be in excess of £3,300 each year.

It’ll be auctioned off by Sutton Kersh on May 27 – it doesn’t mention if there are any fees so make sure you check this first if you’re interested.

View now on Zoopla.

Two-bed terraced house in Burnley – guide price £10,000

Information is also scarce for this two-bed freehold property but the listing makes clear that it needs modernising.

Sadly we can’t see any pictures from inside, so we can’t say what condition it’s in.

But the outside definitely looks run-down and could do with a bit of TLC.

Similarly to the first two properties in this list, you’ll find this home being auctioned by Bond Wolfe Auctions on May 19.

Two-bed terraced house in Lancashire – guide price £10,000

Again, this one is another fixer-upper as the description says it’ll need doing up before it can be lived in.

Apart from that, no other huge details have been listed apart from that it has UPVC double glazing and is freehold.

Like the one above, it’ll be part of Bond Wolfe Auctions’ virtual bidding on May 19.